Dont apply at cut -off price ... See data available at nseindia site.Almost all employees of company itself are applying at lower than cut-off price.. So plzzzzz dont apply at cut-off price..You will only benefited by this ipo if price is decided less than 1000.
This is a very good IPO in the long term. This is the gist of the situation and every one knows that Oil India will very easily come to its issue price in a day or two of its listing . Bur if you guys understand the meaning of a rate of interest as high as 20% -25% , then apply for the IPO and sell the application at a kostak of 1600/- per application.
DEAR ALL RETAIL INVESTOR, PL DO NOT APPLY OIL INDIA IPO, WHEN AT THE ANY GOVT PSU IPO MARKET DAY BY DAY UP AND WHEN LISTING TIME MARKET DOWN DAY BY DAY, SO RESULT IS PRESENT YOUR EYE LIKE NHPC AND ADANI. VERY HIGHER PRICE OF THIS IPO, YOU HAVE BOUGHT THE MARKET TO UNDERCUTTING PRICE
People who wants to subscribe to OIL IPO Please see what all the brokers had to say about NHPC IPO during IPO and you all know what these experts have to say about NHPC Now.you can also see the same details on IPO ratings link on this site
NHPC Limited Reliance Money - Subscribe. SPA Securities - Subscribe. SMC Global - Subscribe. Bonanza - Subscribe. India Infoline - Subscribe. Angel Broking - Subscribe. Sharekhan - Subscribe with a long term view. Networth Stock Broking - Subscribe. Emkay Global - Subscribe. RS Iyer (KR Choksey Sec) - Apply. SP Tulsian - Apply.
I have seen in Television that oil IPO has been fully subscribed in first day on 7.9.09 . Its closing date is 10.9.09 . due to some fincial problem i could not purchased on first day. Now I intends to purchased throgh on line . Can i purchase on any day within 10.9.09.I am new shareholder and so much having knowledge about this .Recently i have purchased IPO through employee Cota
Its not advisable to invest in such IPO which don't leave anything on table for retail investors which happened in case of Adani & NHPC. It would be better if we invest after listing when the prices go down. Subcription are just a fake thing where the bankers themselves subscribe to issue one the first day to generate good response for the issue. Otherwise there is no reason for OIL India to get subscribed on first day itself. It high time that SEBI should disclose the name of the investors who have subscribed which will make things more transparent. As far as the OIL India IPO goes retail investor should be a more cautious before applying as our fingers have already been burnt. More advisable to invest afterwards. Depends on our own thinking. Whether we should apply or not depends on us & not on other people advice. As it is our hard earned money & we should decide for it As far as I m concerned I would not invest in it. Happy deciding. Happy Investing & happy thinking
Qualified Institutional Buyers get shares at low price as they are main for any IPO, don't go blindly based on Qualified Institutional Buyers subscription numbers and the numbers are false. take smart way of doing business with your hard earn money honey.. i suggest buy this when it is listed and gone down to 150/- sure. I am about to buy 150@150. cheers..
Hi Guys, I am seeing this forum people giving opinion about IPOS. It is like the 5 blind men describing an elephant. It is up to each individual to go through the details and take a decision whether to apply for an issue or not. Those who are totally new, who ask basic questions about cut off price, refund details, etc., should equip themselves with the relevant information. on the other hand some one should come forward to help sorting out those queries rather than commenting about the IPOs on their own whims and fancies. Krish. PS: I suggest forming a group where some useful discussions can be held relating stock market.
OIL India Ltd has been in existence for a long time. It is not a company which has grown much during this time as it has not gone out of its comfort zone in Northeast. So it is not an aggressive company as such. So going forward the growth prospects are going to be average. So don’t expect high Price appreciation after listing.
As for the present Price Band of 950-1050 that is a high price band. Since for a Company A which is available at Rs 10.50 and another Company B which is available at Rs 1050. It is easier for Company A to increase to Rs 15 than it is for Company B to increase to Rs 1500.
So wait for IPO’s which are for growth company’s and are reasonably priced
those institutions who have subscribed on day one, need not pay the full amount. also they can withdraw the amount on the last day. this is just front running by the book runners.
People are unnecessary ridden with negativism. OIL will definitely list at handsome premium to the tune of Rs.100.State explorer Oil India's initial public offer to raise up to $570 million was fully subscribed within 30 minutes of opening on Monday, three banking sources said, indicating investor appetite remained strong.
Most of the bids were at the top end of the 950-1,050 rupees price band, one banker said.
The sale follows muted stock market debut by state hydropower generator NHPC Ltd and private sector utility Adani Power that had together raised $1.9 billion in IPOs, which were subscribed more than 20 times.
JM Financial, Morgan Stanley India, Citigroup Global Markets India and HSBC Securities and Capital Markets are the lead managers to the Oil India issue.
Classic example of game theory at work.. if we all apply at cut-off, and if the issue gets subscribed at 1,050 at least once in other segments, the issue price shall be 1,050!! :-)