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Thread: IPO Details - Oil India Ltd.

  1. #1
    PW Expert MTG's Avatar
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    Lightbulb IPO Details - Oil India Ltd.

    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.


    Issue Open: Sep 07, 2009 - Sep 10, 2009
    Face Value: Rs 10 Per Equity Share
    Issue Price: Rs 950 - Rs 1050 Per Equity Share

    Listing At: BSE, NSE
    Website: http://www.oilindia.in



  2. #2
    Super Moderator PolicyWala's Avatar
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    Good info MTG. But I think this IPO is bit pricey than the existing companies like ONGC.

  3. #3
    PolicyWala Expert Policy_expert's Avatar
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    I feel its good opportunity to buy Oil India Shares.
    'When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others.'

  4. #4
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    Hi Guys, Please let me know about this IPO. Do I apply this IPO for listing gains? Still loosing money in NHPC IPO. So please guide me.

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    Quote Originally Posted by coolsam View Post
    Hi Guys, Please let me know about this IPO. Do I apply this IPO for listing gains? Still loosing money in NHPC IPO. So please guide me.
    I would recommend better wait and watch on New IPOs. You can see the no of IPOs, which issued in year 2007-08 are still available at 40-50% discount price. Better buy good companies like RIL and L&T and sleep.
    The road to success??.. Is always under construction.

  6. #6
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    Hello, Could you please tell me what are the charges paid to online brokerage firm for applying an IPO like Oil India.
    I am looking to apply Oil India IPO thru my newly opened Demat Account.

  7. #7
    PolicyWala Expert Policy_expert's Avatar
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    Quote Originally Posted by Samratzz View Post
    Hello, Could you please tell me what are the charges paid to online brokerage firm for applying an IPO like Oil India.
    I am looking to apply Oil India IPO thru my newly opened Demat Account.
    There are no charges for buying shares thought IPO. You will have to pay brokerage when you sell in the secondary market after getting it in IPO.
    'When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others.'

  8. #8
    Moderator Matrix's Avatar
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    Oil india Ltd IPO subscribed 1.28 times on day 1. So guys don't sit - Go and buy this IPO. Its going to Rock. Like Sensex.

  9. #9
    PW Stalwart Master's Avatar
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    Here some rating from the brokerage houses -
    • SPA Securities - Subscribe.
    • Nirmal Bang - Subscribe.
    • HDFC Securities - Subscribe.
    • SKP Securities - Subscribe.
    • Networth - Subscribe for long-term gains.
    • Emkay - Subscribe for 10-15% listing gains.

  10. #10
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    Quote Originally Posted by Master View Post
    Here some rating from the brokerage houses -
    • SPA Securities - Subscribe.
    • Nirmal Bang - Subscribe.
    • HDFC Securities - Subscribe.
    • SKP Securities - Subscribe.
    • Networth - Subscribe for long-term gains.
    • Emkay - Subscribe for 10-15% listing gains.
    Good Information Master. But will we get shares, If we apply. I am very unlucky in IPOs.
    * SAFE
    Self Appointed Financial Expert


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