Oil India OFS (Offer for Sale) - Issue Date and Price

Published on Wednesday, January 30, 2013 by Chittorgarh.com Team | Modified on Thursday, October 31, 2019

Incorporated in 1959, Oil India Limited is a fully integrated upstream petroleum 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 is promoted by Government of India. Company went public in 2009. GoI raised over Rs 2,247.06 Cr though Oil India IPO. The Government of India today holds around 78.43% stacks in Oil India.

Oil India is coming out with an 'Offer for Sale' (OFS) to further disinvest Government of India's holding by another 10%. The issue will raise around Rs 3000 Crores. The government's stake in oil India will fall from 78.43% to 68.43% after the disinvestment.

Oil India OFS Detail

Issue Type	Offer for Sale(OFS)
Issue Date:	01 Feb 2013 09:15 to 15:30
Offer Size - No. of Shares:	6,01,13,157
Floor Price:	510.00 (Face Value: Rs 10)
Minimum Bid Quantity:	1
Maximum Bid Quantity	6,01,13,157
Last Traded Price	539.20
Discount Offered	5.6%

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8 Comments

8. Raj

| Link|February 7, 2013 7:40:52 PMReply

Where to check allocation?

7. s

| Link|February 4, 2013 1:51:26 PMReply

i got 14 only but 50000 is still locked in sbicap

6. Raghu

| Link|February 4, 2013 12:40:44 PMReply

Did any body receive OIL India share after this Friday OFS?

5. Lalit

| Link|February 1, 2013 2:30:11 PMReply

PROCEDURE FOR APPLYING FOR SHARES IN ofs.

4. Lalit

| Link|February 1, 2013 2:17:15 PMReply

What is the procedure for applying in a OFS

3. ds

| Link|January 31, 2013 9:20:14 PMReply

jaldi kya hai ? company khan bhagegi? whats the stock price one month ago ? rembeber ?? is it not oil price temp raised by operator like govt of india and its agents ?

2. Arvind

| Link|January 31, 2013 7:40:20 PMReply

Can one apply for OFS through ASBA

1. Auranzeb

| Link|January 31, 2013 7:02:43 PMReply

I think the share would fall tomorrow. Wait for the market reaction before buying

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