Incorporated in 1959, Oil India Ltd is a premier Indian National Oil Company, engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. Oil india also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited. Oil India Limited is second largest oil and gas company in India as measured by total proved plus probable oil and natural gas reserves and production.
OIL has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production. Rajasthan is the other producing area of OIL, contributing 10 per cent of its total gas production.
Presently, OIL’s exploration activities are spread over onshore areas of Ganga Valley and Mahanadi. OIL also has participating interest in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc. as well as various overseas projects in Libya, Gabon, Iran, Nigeria and Sudan.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. Exploration and appraisal activities;
2. Development activities in producing fields;
3. Purchase of capital equipments and contracts for facilities;
4. Diversification of existing business in downstream activities.
| IPO Opening Date | Sep 7, 2009 |
| IPO Closing Date | Sep 10, 2009 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹950 to ₹1050 per equity share |
| Market Lot | 6 Shares |
| Min Order Quantity | 6 Shares |
| Listing At | BSE, NSE |
| Issue Size | 26,449,982 Eq Shares of ₹10 (aggregating up to ₹2,777.25 Cr) |
The Oil india IPO market lot size is 6 shares. A retail-individual investor can apply for up to 31 lots (186 shares or ₹195,300).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6 | ₹6,300 |
| Maximum | 31 | 186 | ₹195,300 |
CRISIL has assigned an IPO Grade "4/5" (pronounced "four on five") to Oil India Ltd IPO. This means as per CRISIL, company has above average fundamentals. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download CRISIL rating document.
The Oil india IPO is subscribed 30.82x times on Sep 10, 2009 19:00. The public issue subscribed 1.76x in the retail category, 53.83x in the QIB category, and 10.48x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 53.83x |
| NII | 10.48x |
| RII | 1.76x |
| Employee | 0.27x |
| Total | 30.82x |
| Listing Date | Wednesday, September 30, 2009 |
| BSE Script Code | 533106 |
| NSE Symbol | OIL |
| Listing In | B |
| ISIN | INE274J01014 |
| IPO Price | ₹1050 per equity share |
| Face Value | ₹10 per equity share |
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Oil India Limited
Oil India Limited,
P.O. Duliajan,
Dibrugarh - 786602, Assam, India.
Phone: + 91-374-2800427
Email: investors@oilindia.in
Website: http://www.oilindia.in
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: ganapathy@karvy.com
Website: https://karisma.kfintech.com/
Oil india IPO is a main-board IPO of 26,449,982 equity shares of the face value of ₹10 aggregating up to ₹2,777.25 Crores. The issue is priced at ₹950 to ₹1050 per equity share. The minimum order quantity is 6 Shares.
The IPO opens on Sep 7, 2009, and closes on Sep 10, 2009.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Oil india IPO opens on Sep 7, 2009 and closes on Sep 10, 2009.
Oil india IPO lot size is 6 Shares and the minimum order quantity is 6 Shares.
You can apply in Oil india 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 Oil india IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Oil india IPO allotment status.
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