Category Archives: Oil India IPO

OIL India IPO – Opens on 7th september 2009

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 India enterprise. Today, OIL 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 also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.

Oil India IPO

»» Public Issue Open: September 7,2009 to September 11, 2009
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 2,64,49,982 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE

Object of the issue:

Exploration and Appraisal Activities .
Development activities in producing Fields .
Purchase of Cap. equipments & Contracts for Facil. .
Diversification of Exist. Busns.in Downstream Act .

Oil India IPO – Files for DRHP with Sebi

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 by eligible employees. The issue shall constitute 11% of the fully diluted post-issue paid-up capital of the company.