12/15/2006 9:30:00 PM
Cairn Energy PLC is public oil and gas exploration and Production Company based in Edinburgh, Scotland.
Cairn India Limited is a newly incorporated Indian company and has been promoted by Cairn Energy PLC, a crude oil and natural gas exploration and production company trading on the main market of the London Stock Exchange. At the completion of the Reorganisation, the Company will acquire the Subsidiaries which hold all of the ownership and operated interests in Cairn Energy PLCís Indian crude oil and natural gas development and production assets and the majority of its Indian crude oil and natural gas exploration assets. Upon the Companyís acquisition of the Subsidiaries, Cairn aim to be a leading participant in the Indian crude oil and natural gas industry. We estimate the total gross proved plus probable (2P) reserves attributable to the fields in production or under development in which Cairn India has interests to be 754 mmboe and its net working interest in these 2P reserves to be 472 mmboe. Most of the 2P reserves are estimated to be contained in the Rajasthan Block which is currently subject to significant appraisal and development activity. In addition to proved plus probable reserves, Cairn estimate the gross contingent resources attributable to these fields to be 414 mmboe. Outside of the Rajasthan Block Cairn estimate the total gross 2P reserves attributable to the fields in production or under development in which Cairn India has interests to be 122 mmboe and on a net working interest basis Cairn estimate these same reserves to be 30 mmboe. In addition, a further 157 mmboe of gross contingent resource has been identified in fields outside of Rajasthan, with most of this gross contingent resource (143 mmboe) estimated to be contained in the deep water Block KG-DWN-98/2.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To achieve the benefits of listing;
2. To fund the acquisition of shares of Cairn India Holdings Limited part of the development of the Rajasthan Block, as well as further development of other producing fields.
|IPO Opening Date||Dec 11, 2006|
|IPO Closing Date||Dec 15, 2006|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹160 to ₹190 per equity share|
|Market Lot||35 Shares|
|Min Order Quantity||35 Shares|
|Listing At||BSE, NSE|
|Issue Size||328,799,675 Eq Shares of ₹10 |
(aggregating up to ₹5,260.79 Cr)
The Cairn IPO market lot size is 35 shares. A retail-individual investor can apply for up to 30 lots (1050 shares or ₹199,500).
The Cairn IPO is subscribed 1.14 times on 12/15/2006 9:30:00 PM. The public issue subscribed 0.91 in the retail category, 1.36 in the QIB category, and 0.47 in the NII category. Check Day by Day Subscription Details (Live Status)
|Listing Date||Tuesday, January 9, 2007|
|BSE Script Code||532792|
|Listing In||A Group of Securities|
|IPO Price||₹160 per equity share|
|Face Value||₹10 per equity share|
Cairn India Ltd
Cairn India Ltd,
401 Dalamal Towers, Nariman Point,
Mumbai 400 021, India.
Phone: +91 (22) 2287 2001
Cairn IPO is a main-board IPO of 328,799,675 equity shares of the face value of ₹10 aggregating up to ₹5,260.79 Crores. The issue is priced at ₹160 to ₹190 per equity share. The minimum order quantity is 35 Shares.
The IPO opens on Dec 11, 2006, and closes on Dec 15, 2006.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Cairn IPO opens on Dec 11, 2006 and closes on Dec 15, 2006.
Cairn IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
You can apply in Cairn IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cairn IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Cairn IPO allotment status.
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