Wednesday, August 12, 2009

Oil India Ltd IPO opening on September 7 to September 10

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 India Ltd is entering in the capital markets with an initial public offering, IPO of 2,64,49,982 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band is likely to be decided on August 25.

The issue opens on September 7, 2009, and closes for subscription on September 10, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Oil India Ltd IPO Information, Oil India IPO Allotment Status, Oil india Ltd IPO reviews and Listing Date. Click on the below link to to find more detail about Oil India Ltd IPO: