A book-built issue of Rs 2,777.25 crores is the Oil India IPO. The bidding for the Oil India IPO began on September 7, 2009, and it concluded on September 10, 2009. On September 30, 2009, the shares were listed on the BSE and NSE. The pricing range for Oil India’s IPO is ₹950 to ₹1050 per share. An application must have a minimum lot size of six shares. Retail investors are required to invest a minimum of ₹6,300.
A leading Indian national oil company was founded in 1959 and is primarily involved in the transportation, production, and development of natural gas and crude oil, as well as the manufacturing of LPG and exploration for these resources. In addition, Oil India owns a 26% stake in Numaligarh Refinery Limited and offers a range of E&P-related services. Based on the combined proved plus probable reserves and production of natural gas and oil, Oil India Limited is the country’s second-largest oil and gas business.
For its exploration and production operations, OIL has more than one lakh square kilometers of PEL/ML areas, the majority of which are in the Indian North East, which is where the bulk of its gas and crude oil production is found. Ten percent of the oil produced worldwide comes from Rajasthan, the other oil-producing region.
OIL now conducts exploration over the Ganga Valley and Mahanadi’s onshore regions. Along with a number of offshore projects in Libya, Gabon, Iran, Nigeria, and Sudan, OIL also has a participation interest in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc.
Oil india IPO Details
| IPO Date | September 7, 2009 to September 10, 2009 |
| Listing Date | September 30, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹950 to ₹1050 per share |
| Lot Size | 6 Shares |
| Total Issue Size | 26,449,982 shares (aggregating up to ₹2,777.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Oil india IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹6,300 |
| Retail (Max) | 31 | 186 | ₹195,300 |
Oil india IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 14,427,263 (54.55%) | NA |
| NII (HNI) Shares Offered | 2,404,544 (9.09%) | |
| Retail Shares Offered | 7,213,631 (27.27%) | 1,202,271 |
| Employee Shares Offered | 2,404,544 (9.09%) | NA |
| Total Shares Offered | 26,449,982 (100%) |
Objects of the Issue (Oil india IPO Objectives)
The objects of the issue are to achieve the benefits of listing on the stock exchanges and to raise capital.
- Exploration and appraisal activities;
- Development activities in producing fields;
- Purchase of capital equipments and contracts for facilities;
- Diversification of existing businesses into downstream activities
Oil india IPO Listing Details
| Listing Date | September 30, 2009 |
| BSE Script Code | 533106 |
| NSE Symbol | OIL |
| ISIN | INE274J01014 |
| Final Issue Price | ₹1050 per share |
Oil india Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,050.00 | ₹1,050.00 |
| Open | ₹1,019.00 | ₹1,096.00 |
| Low | ₹1,019.00 | ₹1,090.00 |
| High | ₹1,156.00 | ₹1,156.70 |
| Last Trade | ₹1,140.55 | ₹1,141.20 |
Oil India Limited Contact Details
Oil India Limited
Oil India Limited,
P.O. Duliajan,
Dibrugarh (786602), Assam, India
Phone: + 91-374-2800427
Email: [email protected]
Website: http://www.oilindia.in
Oil india IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Oil india IPO FAQs
Q1. What is the Oil India IPO?
Ans. 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 share. The minimum order quantity is 6 Shares. The IPO opens on September 7, 2009, and closes on September 10, 2009.
Q2. When Oil india IPO will open?
Ans. The Oil india IPO opens on September 7, 2009 and closes on September 10, 2009.
Q3. What is the lot size of Oil india IPO?
Ans. Oil india IPO lot size is 6 Shares, and the minimum amount required is ₹6,300.
Q4. When is Oil india IPO listing date?
Ans. The Oil india IPO listing date is on September 30, 2009.
