Cairn India Ltd IPO (Cairn IPO) Detail

Cairn India spurted 5.58% to Rs 156.60 and it was the top gainer in BSE's ‘A’ group shares. A block deal of 3.19 lakh shares was executed in the counter at Rs 156 a share on BSE.

As per recent reports, Cairn India has got the Indian government’s nod for the 600-kilometer pipeline in Rajasthan, which would enable the company to sell oil directly in the market.

Party time ahead guys!

Citigroup says "buy" on Cairn India for target of Rs 185 in short term:


Interest from Malaysia's Petronas in Cairn India and Swiss Petroplus in Cairn India's parent, Cairn Energy, saw the shares of both the companies gaining on the bourses.

Petronas, which already owns 10 per cent of Cairn India through a pre-IPO placement, was now looking to buy out Cairn Energy's 69 per cent stake in Cairn India, sources said. The takeover talks pushed Cairn's share price on the BSE to Rs 144.30 on Friday, up 2.3 per cent on Thursday's close of Rs 139.85.

This was 4.85 per cent higher than the Wednesday's close of Rs 134.05. At the current price of Rs 144.30 a share, Cairn Energy's 69 per cent stake would be worth around Rs 17,700 crore. When contacted, Cairn spokesperson David Nisbet said that the company did not comment on market rumours. Petronas did not reply to an email.

Meanwhile, Finacial Times report that Swiss refiner Petroplus is planning a bid for Cairn Energy, sent the Cairn Energy stock higher by 3.5 per cent to £17.93 a share on the London Stock Exchange on Friday.

Following the news, Citigroup changed its status on both Cairn Energy and Cairn India to "buy". The research group revised the price target for the Cairn stock from Rs 145 to Rs 185.

Hi,
I had applied for the IPO of CAIRN INDIA Ltd (CAIIND) and got allotted 525 shares. The amount I paid was Rs.99750 and I am supposed to get a refund of Rs.15750 as the share price fixed is Rs.160. I was trying to reach the registrar's(Bigshare Services Pvt. Ltd.)contact number 022 2847 0652 / 022 2847 0653 and it always shows busy. Please help me to get my refund.

Transaction ID : 2848135
Application No. : 15235718

Thanks Vikram.

Hi Sourubh,
Bigshare Services Pvt. Ltd. was the registrar of Cairn IPO. You could contact them at:

http://www.bigshareonline.com/reach.html
Vikky

I got info that Cairn registrar has been changed.
Can some one send me Cairn registrar office mail id? I have not received my balance amount yet. I need to send them my query.

Thanks,
Sourabh

Cairn Energy PLC said Monday that much of the proceeds of its initial public offering of Cairn India will be used to fund the company's growth, but that it will also return some funds to shareholders in the second quarter.

The Britain-based oil explorer that operates in south Asia said the payment will be made in the most tax-efficient way for shareholders.

Cairn raised about $1.3 billion through the sale of shares in Cairn India.

Its shares fell nearly 1.7 percent to close at 1,672 pence ($32.77) on the London Stock Exchange.

*****....Please explain...****

DEAR SIR,
I MISPALCED MY APPLICATION NO. SLIP. AND NOW I WANT TO KNOW MY APPLICATION NO. SO THAT I CAN APPLY FOR MY REFUNDS
MY NAME IS GULAB CHAND BHARGAVA ALLOT OF SHARE 140

THANKS

Hi N. Jain,
Its been a long time when we got the refund check.
Call registar and ask them to check for your cheque.
Goog luck!
Vikky

How and when are we getting the refund cheque in case the applicaitonn was made at cut off price?

ITS NO USE TO HOLD CAIRN INDIA BECAUSE ITS VERY LONG TERM VIEW. iT WILL TAKE 15 MONTH OR MORE TO GET GOOD PROFIT OUT OF IT. BEST WAY TO SELL IT OFF AND INVEST IN IT OR CEMENT STOCKS.

CAIRN WILL REMAIN BIG FLOP. SELL IT ON RISE IMMEDIATE BASIS

ONGC-Cairn reach agreement on building Rajasthan pipeline

In a significant development, Oil and Natural Gas Corp and Cairn India Ltd have reached an agreement to build a $340-million pipeline to transport crude oil found in Barmer district of Rajasthan to Gujarat.
“Petroleum ministry has blessed the idea of including the pipeline cost in the field development plan for the Rajasthan fields. Like the cost for developing Mangala, Bhagyam and Aishwariya fields, the pipeline investment will also be shared between Cairn and ONGC in a 70:30 ratio,” an ONGC official said.

In a significant development, Oil and Natural Gas Corp and Cairn India Ltd have reached an agreement to build a $340-million pipeline to transport crude oil found in Barmer district of Rajasthan to Gujarat.
“Petroleum ministry has blessed the idea of including the pipeline cost in the field development plan for the Rajasthan fields. Like the cost for developing Mangala, Bhagyam and Aishwariya fields, the pipeline investment will also be shared between Cairn and ONGC in a 70:30 ratio,” an ONGC official said.

The pipeline construction will take 12-18 months.

The official said ONGC plans to get its subsidiary MRPL de-nominated as the official offtake of crude oil found by Cairn Energy in Rajasthan and instead sell it to refiners.

“To include pipeline cost in FDP, the delivery point for crude oil will be shifted from field storage facilities to a location at or near the coast,” he said adding the operator gets to recover cost incurred on field development through sale of oil before the Government gets its statutory dues.

Cairn/ONGC were in talks with various refiners to sell the Rajasthan crude, that will be sold at slight discount to Brent crude oil, he said.

When contacted, Cairn spokesperson David Nisbet said: “We are involved in ongoing discussions with the Government and third parties.”

The official said the Rajasthan crude can be processed at Reliance’s existing 33 million tonnes Jamnagar refinery or its upcoming 29-million-tonne refinery at the same site, Essar’s Vadinar refinery, IOC’s expanded Koyali refinery in Gujarat or Panipat refinery in Haryana.

—PTI

What is the future of Cairn India, They have cheated with Retail investor by intially by spreading, it is the best issue and all that, Now they are saying it is good for long term, even if the retail investor agree that it is good for long term, one can buy the same from market now for long term. Why they should hold the share for Rs 160/- when they can get the same at 135/- now. Somebody has to attend to the retail investor for cairn India, if they think they should participate in the equity market. Otherwise everytime they are the people in loss and bigger investor make money. Pl attend to this, Mr. Rahul Dhir

Don't panic , Good company with good Management.
Even people who says this a bad IPO also know this fact very well. Only reason they are saying that it is , it is not overly oversubscribed. This is the time we have to go by fundamentals.

Hold Cairn...... Don't sell in panic

All the best for all of crain listing

Nirav, don't be influenced by what analysts are saying. These are the same people who said DCB will be a flop and that even employee's portion of DCB wasn't subscribed.

Cairn will give you excellent returns. I expect it to list above 175 and reach above 200 in a month or so. There will be some panic selling initially but price WILL stabilise and move up gradually.

What silly people forget it is that when companies such as Tanla, Shobha and Parsvanath have listed at a premium, their management, credibility, expertise etc. is virtually unknown. Cairn IS a world-class company and no subscriber will regret his/her decision if they do not panic and sell cheap.

All the best!

Today on CNBC, analysts were telling that it will not open with decent premium and also pricing is very high, so share will come down to 125-135. God knows someone says good some says bad, will all know tomorrow.

Best of Luck everyone..

Shaik you r right, it will reach Rs250/- in a period of 2 or 3 months as per IL&FS expectations. One can hold this company for 2 to 3 months to get good returns from this.

It will reach above 250 rupees....