Cairn India Ltd IPO (Cairn IPO) Detail

Dec 11, 2006 - Dec 15, 2006

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 PLC’s 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 Company’s 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.

Objects of the Issue:

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.

Cairn IPO Details

IPO DateDec 11, 2006 - Dec 15, 2006
Issue TypeBook Built Issue IPO
Issue Size328,799,675 Eq Shares of ₹10
(aggregating up to ₹5,260.79 Cr)
Face Value₹10 Per Equity Share
IPO Price₹160 to ₹190 Per Equity Share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE

Cairn IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹6,650
Maximum301050₹199,500

Cairn IPO Subscription Status (Bidding Detail)

Cairn IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Dec 15, 2006 21:30

1.36x

0.47x

0.91x

1.14x

Cairn IPO Prospectus

Cairn IPO Rating

46
3.5
Rating:Rated 3.5 stars

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Cairn IPO Listing Date

Listing DateTuesday, January 9, 2007
BSE Script Code532792
NSE SymbolCAIRN
Listing InA
ISININE910H01017
IPO Price₹160 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹160.00
₹140.00
₹128.65
₹155.00
₹137.50
32,620,172
NSE
₹160.00
₹152.00
₹128.80
₹162.00
₹137.40
67,909,138

Cairn IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

Cairn India Ltd
Cairn India Ltd,
401 Dalamal Towers, Nariman Point,
Mumbai 400 021, India.

Phone: +91 (22) 2287 2001
Email: preeti.chheda@cairn-energy.plc.uk
Website: http://www.cairnindia.com

Cairn IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email:
Website: http://www.bigshareonline.com

Cairn IPO FAQs

  1. 1. What is Cairn IPO?

    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 price of the IPO is ₹160 to ₹190 Per Equity Share. The minimum order quantity is 35 Shares per application and the offer type is Book Built Issue.

    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.

  2. 2. When Cairn IPO will open?

    The Cairn IPO opens on Dec 11, 2006 and closes on Dec 15, 2006.

  3. 3. How to apply for Cairn IPO?

    Cairn IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Cairn IPO allotment?

    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.

  5. 5. When is Cairn IPO listing date?

    The Cairn IPO listing date is on Tuesday, January 9, 2007, at BSE, NSE.
  6. 6. What is the lot size of Cairn IPO?

    Cairn IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

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Cairn IPO Review / Comments

Vikram
129. Vikram  Jul 6, 2007 20:16
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!
Kots
128. Kots  May 21, 2007 22:15
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.
Santhosh
127. Santhosh  Mar 13, 2007 11:24
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
Sourabh
126. Sourabh  Feb 28, 2007 12:40
Thanks Vikram.
Vikram R
125. Vikram R  Feb 24, 2007 16:59
Hi Sourubh,
Bigshare Services Pvt. Ltd. was the registrar of Cairn IPO. You could contact them at:

http://www.bigshareonline.com/reach.html
Vikky
sourabh
124. sourabh  Feb 24, 2007 15:42
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
Nitin Sood
123. Nitin Sood  Feb 8, 2007 06:39
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...****
G.C. BHARGVA
122. G.C. BHARGVA  Jan 30, 2007 04:04
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
Vikram R
121. Vikram R  Jan 24, 2007 09:06
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
N Jain
120. N Jain  Jan 23, 2007 22:56
How and when are we getting the refund cheque in case the applicaitonn was made at cut off price?
jinesh
119. jinesh  Jan 23, 2007 00:16
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
Vikram
118. Vikram  Jan 15, 2007 17:19
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


DILIP
117. DILIP  Jan 11, 2007 04:42
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
Balu
116. Balu  Jan 9, 2007 19:52
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.
bala
115. bala  Jan 9, 2007 08:05
Hold Cairn...... Don't sell in panic
vvs
114. vvs  Jan 9, 2007 06:28
All the best for all of crain listing
RJ
113. RJ  Jan 9, 2007 05:37
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!
Nirav
112. Nirav  Jan 9, 2007 05:02
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..
phani
111. phani  Jan 9, 2007 04:17
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.
Shaik
110. Shaik  Jan 9, 2007 04:06
It will reach above 250 rupees....






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