‘Oil India IPO’ Archives
About Oil India On February 18, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Indian North East. In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK. In 1981, OIL became a wholly-owned Government of [...]
Oil India IPo may hit the market before september 10th 2009 , the reason is if they go public before september 10th 2009 , they dont need to file for DRHP again , They might raise almost 400-500 million dollar through IPO.
Oil India, ha sfiled its draft red herring prospectus (DRHP) with sebi for an IPO of up to 26,449,982 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.The issue comprises a net issue to the public of up to 24,045,438 equity shares and a reservation of up to 2,404,544 equity shares for subscription [...]