September 7, 2009 - September 10, 2009

Oil india IPO Basis of Allotment

OIL INDIA LIMITED

(Our Company was incorporated on February 18,1959 under the Companies Act, 1956 ('Companies Art') as a private limited company.The Name of our Company was changed from Oil india Private Limited to Oil india Limited with effect From May 4,1661).
Registered Office: P.O. Duliajan, District Dibrugarh, Assam 786 602, India.
Corporate Office: OIL House, Plot Number 19, Sector 16A, Noida, District Gautam Budh Nagar, Uttar Pradesh 201301, India, www.oil-india.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 26,449,982 EQUITY SHARES OF RS.10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS.1,050 PER EQUITY SHARE OF OIL INDIA LIMITED ('THE COMPANY') AGGREGATING RS. 27,772.48 MILLION ('ISSUE'). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 24,045,438 EQUITY SHARES ('NET ISSUE') AND A RESERVATION OF 2,404,544 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES ('EMPLOYEE RESERVATION PORTION'), AT THE ISSUE PRICE. THE ISSUE SHALL CONSTITUTE 11% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF THE COMPANY.

Capitalized terms used but not defined herein shall have the meaning assigned to them in the Company's Prospectus dated September 15,2009 (the 'Prospectus')

THE FACE VALUE PER EQUITY SHARE IS RS.10 THE ISSUE PRICE PER EQUITY SHARE IS RS.1,050/- AND IT IS 105 TIMES THE FACE VALUE.

In terms of Rule 19 (2) (b) of the SCRR, this being an Issue for less than 25% of the post Issue capital of the Company, the Issue is made through the 100% Book Building Process wherein at least 60% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion that was to be specifically allotted to mutual funds), further, up to 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 238,901 applications for 817,438,404 Equity Shares resulting in 30.90 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional and Retail Individual Investors categories and Employees are as under: (Before technical rejections)

	Category	No. of Applications	No. of Equity Shares	No. of times subscription
A	Retail Individual Bidders	232,983	12,344,201	1.71
B	Non Institutional Bidders	1,560	24,020,781	9.99
C	Qualified Institutional Bidders	472	780,394,824	54.09
D	Employees	3,886	678,598	0.28
	Total	238,901	817,438,404	30.90

Final Demand
Asummary of the final demand at different bid prices is as under:

Bid Price	No. of Equity Shares	% to total	Cumulative Total	Cumulative% of Total
950	1,655,178	0.20	815,054,316	100.00
951	750	0.00	813,399,138	99.80
952	204	0.00	813,398,388	99.80
953	6	0.00	813,398,184	99.80
954	126	0.00	813,398,178	99.80
955	396	0.00	813,398,052	99.80
956	6	0.00	813,397,656	99.80
959	144	0.00	813,397,650	99.80
960	2,322	0.00	813,397,506	99.80
961	114	0.00	813,395,184	99.80
962	204	0.00	813,395,070	99.80
963	114	0.00	813,394,866	99.80
965	498	0.00	813,394,752	99.80
966	6	0.00	813,394,254	99.80
968	24	0.00	813,394,248	99.80
969	12	0.00	813,394,224	99.80
970	1,008	0.00	813,394,212	99.80
972	6	0.00	813,393,204	99.80
975	5,370	0.00	813,393,198	99.80
978	66	0.00	813,387,828	99.80
980	4,950	0.00	813,387,762	99.80
984	378	0.00	813,382,812	99.79
985	90	0.00	813,382,434	99.79
987	6	0.00	813,382,344	99.79
990	474	0.00	813,382,338	99.79
991	42	0.00	813,381,864	99.79
995	96	0.00	813,381,822	99.79
997	96	0.00	813,381,726	99.79
999	510	0.00	813,381,630	99.79
1,000	1,665,096	0.20	813,381,120	99.79
1,001	246	0.00	811,716,024	99.59
1,002	192	0.00	811,715,778	99.59
1,004	96	0.00	811,715,586	99.59
1,005	66	0.00	811,715,490	99.59
1,006	30	0.00	811,715,424	99.59
1,009	72	0.00	811,715,394	99.59
1,010	444	0.00	811,715,322	99.59
1,011	504	0.00	811,714,878	99.59
1,012	12	0.00	811,714,374	99.59
1,014	54	0.00	811,714,362	99.59
1,015	54	0.00	811,714,308	99.59
1,016	12	0.00	811,714,254	99.59
1,020	882	0.00	811,714,242	99.59
1,022	126	0.00	811,713,360	99.59
1,025	7,254	0.00	811,713,234	99.59
1,026	312	0.00	811,705,980	99.59
1,027	30	0.00	811,705,668	99.59
1,029	6	0.00	811,705,638	99.59
1,030	306	0.00	811,705,632	99.59
1,031	6	0.00	811,705,326	99.59
1,033	6	0.00	811,705,320	99.59
1,035	30	0.00	811,705,314	99.59
1,038	12	0.00	811,705,284	99.59
1,039	24	0.00	811,705,272	99.59
1,040	2,940	0.00	811,705,248	99.59
1,041	1,740	0.00	811,702,308	99.59
1,043	12	0.00	811,700,568	99.59
1,045	234	0.00	811,700,556	99.59
1,049	54	0.00	811,700,322	99.59
1,050	811,700,268	99.59	811,700,268	99.59

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ('NSE') on September22,2009.

A. Eligible Employees (After Technical Rejections)
The Basis of Allocation to the Eligible Employees of the Company, who have bid at cut-off where applicable or at the Issue Price of Rs. 1,050/- per Equity Share, was finalized in consultation with NSE. The total number of Equity Shares Allotted in this category is 637,872. The undersubscribed portion of 1,766,672 Equity Shares has been spilled over to QIB, Non-Institutional and Retail Individual lnvestorCategories in the ratio of 60:10:30.

B. Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.1,050 per Equity Share, was finalized in consultation with NSE. This category has been over-subscribed to the extent of 1.57 times. Overall 2,27,681 applications for 12,147,522 Equity Shares were found valid and they were considered for Allotment. The above includes 41,442 valid applications for 1,911,120 equity shares made under the ASBA process. The total number of shares allotted in Retail Individual Investor category is 7,743,633 Equity Shares (including spill over of 530,002 equity shares being 30% of the unsubscribed portion of the employee reservation) to 22,5133 applicants. The category-wise details of the Basis of Allocation are as under:

Category	No. of Applications	% to total	Total No. of Equity Shares applied	% to total	No. of Equity Shares allocated	Ratio	Total No. of Equity Shares allocated
6	23,777	10.44	142,662	1.17	6	25:28	127,374
12	24,052	10.56	288,624	2.38	8	FIRM	192,416
18	16,170	7.10	291,060	2.40	11	FIRM	177,870
24	14,205	6.24	340,920	2.81	15	FIRM	213,075
30	12,735	5.59	382,050	3.15	19	FIRM	241,965
36	5,634	2.47	202,824	1.67	23	FIRM	129,582
42	9,469	4.16	397,698	3.27	27	FIRM	255,663
48	9,960	4.37	478,080	3.94	31	FIRM	308,760
54	2,838	1.25	153,252	1.26	34	FIRM	96,492
	Additional				1	4:73	156
60	7,522	3.30	451,320	3.72	38	FIRM	285,836
66	2,038	0.90	134,508	1.11	42	FIRM	85,596
72	1,990	0.87	143,280	1.18	46	FIRM	91,540
78	806	0.35	62,868	0.52	50	FIRM	40,300
84	879	0.39	73,836	0.61	54	FIRM	47,466
90	95,606	41.99	8,604,540	70.83	57	FIRM	5,449,542

C. Allocation to QIBs (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-off or at the Issue Price of Rs. 1,050/- per Equity Share, was finalized in consultation with NSE. This category has been over-subscribed to the extent of 9.07 times. Overall 1,008 applications for 23,419,428 equity shares were found valid and they were considered for allotment. The total number of equity shares allotted in this category is 2,581,211 (including spill over of 176,667 equity shares being 10% of the unsubscribed portion of the employee reservation) to 1,008 applicants. The category-wise details of the Basis of Allocation (sample) are as under:

Category	No. of Applications	% to total	Total No. of Equity Shares applied	% to total	No. of Equity Shares allocated	Ratio	Total No. of Equity Shares allocated
96	83	8.23	7,968	0.03	11	FIRM	913
246	1	0.10	246	0.00	27	FIRM	27
570	2	0.20	1,140	0.00	63	FIRM	126
2004	4	040	8,016	0.03	221	FIRM	884
5040	3	0.30	15,120	0.06	555	FIRM	1,665
10020	2	0.20	20,040	0.09	1,105	FIRM	2,210
19998	2	0.20	39,996	0.17	2,204	FIRM	4,408
60000	1	0.10	60,000	0.26	6,613	FIRM	6,613
100002	1	0.10	100,002	0.43	11,022	FIRM	11,022
1047618	1	0.10	1,047,618	4.47	115,451	FIRM	115,451
1178148	1	0.10	1,178,148	5.03	129,838	FIRM	129,838
1904760	1	0.10	1,904,760	8.13	209,912	FIRM	209,912
2142858	1	0.10	2,142,858	9.15	236,151	FIRM	236,151

D. Allocation to QIBs (After Technical Rejections)
The Basis of Allocation to the Qualified Institutional Investors, who have bid at the Issue Price of Rs. 1,050/- per Equity Share, was finalized in consultation with NSE. Overall 469 applications for 877,663,389 equity shares were found valid and they were considered for allotment. 1,060,003 Equity Shares being 60% of the unsubscribed portion of the employee reservation were added to the QIB category. Allocation to QIBs has been done on a proportionate basis in consultation with NSE. Mutual Funds were initially Allotted 5% of the quantum of shares available i.e. 774,363 and other QIBs and balance demand of Mutual Funds were Allotted the remaining available shares i.e. 14,712,903.

Category	Fls/Banks	Flls	MFs	ICs	VCs	Others	Total
No. of Equity Shares	1,468,687	9,085,517	2,741,646	2,187,578	2,751	10,963,803	26,449,982

The Board of Directors of the Company at it's meeting held at Hyderabad on September 23,2009 has approved the basis of allocation of Equity Shares of the Issue and has Allotted the Shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the BankAccount details as registered, if any, with the depositories. The Equity Shares Allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of Allocation i.e., on or before October 3,2009. ISIN Number is INE274J01014.

INVESTORS PLEASE NOTE

These details of the Allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com

All future correspondences in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of Equity Shares Bid for, name of the Member of the Syndicate and Place where the Bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: OIL INDIA LIMITED
Plot No. 17 to 24, Vithlarao Nagar, Hitech City Road, Madhapur
Hyderabad - 500081, Fax: 040-23420814 Email: einward.ris@karvy.com

TOLL FREE - HELPLINE NUMBER 1-800-3454001

Place: Assam Date : 28.09.2009	For Oil India Limited Sd/- S.R.Krishnan Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUTY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF OIL INDIA LIMITED

Oil india IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Oil india IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Oil india IPO basis of allotment (published above) tells you how shares are allocated to you in Oil india IPO and category wise demand of IPO share.

Visit the Oil india IPO allotment status page to check the number of shares allocated to your application.

Oil india IPO Basis of Allotment

Oil india IPO Basis of Allotment FAQs

How shares are allotted in Oil india IPO?

What is Oil india IPO basis of allotment status?

What is Oil india IPO allotment process?

Read more about Oil india IPO