Oil India Limited IPO Message Board (Page 24)

IPO PRICE IS STRETCHED NOTHING LEFT FOR RETAIL INVESTORS.DO NOT APPLY NO LISTING AIN

third class issue

Oil India will list somehow around IPO price, however it will go down to 150/- for sure.. its up to u to believe or not.. I will buy only when it is below 150 and i am sure i will get these one day. cheers, happy trading. Good Night.

Dinesh
NHPC has already given the refund back on 26th or 27th of August... Kindly check your bank account as it is given thru ECS and not by cheque. They have already credited the account but you will not get the cheque instead they will directly credit your bank account which is mentioned in you D.P. Details.

I have Not Got the Refund of NHPC Yet. So Can AnyBody Tell Me Why It is Delayed. I have not Received the Chq Yet

Can Anybody Tell Me The Listing Date of Reliance Media World. And Abt What Price it will be listed.

OIL INDIA TO RELIANCE POWER,ADANI , NHPC KA BHI BAP HAI KRUPA KARKE TRADING KARO ISSUE MAIN DIMAG MAT LAGAO

I can not understand why Smart People of this country feel Indian Retail Investors are fool and they will pay anything on any price band? Media has done its role in speculating stock market to small investors and attracting more and more people in IPO. Govt is playing its full part now by inflating IPO price bands. If PSU's are doing such thing, how can we expect Private Co's will provide a discounted price range? As an investor IPO is just a medium of blocking your money for 15 to 20 days then fantasizing on listing gains and ending up like just buying shares at a premium with just a normal advantage of not Paying Brokerage.

Please avoid, it is too expensive.

this is useful to us

Govt is calling all the shots to squeeze money out of the system--be it borrowing or IPO, as there are no opposition in parliament hence no body to raise alarm (as is evident that with skyrocketting borrowing or cheating investors eg NHPC/ OIL etc--NO DEVELOPMENT programs are taking place, except bogus promises & big talks).UPA will continue this money sucking game till 2012--the then pre-election year, only in 2012-13, you will start getting good IPOs, as UPA will try to win over investors to grab power & again suck money for next 5 yrs Pls avoid OIL. However with GOVT downplaying CHINA calls (eg intrusions/ Capturing of Arunachal Pradesh) etc--future of our country ??? please apply your own intelligence in analyzing the comments !

IT WILL LIST ATrs 750 AFTER THAT IT WILL FALL TO rs 465

WILL OIL INDIA IPO WILL GIVE LISTING GAIN OF RS.150/-

I think it is better to apply for OIL IPO. Chances of making loss is less. Incase of lukewarm listing, we can buy again ang average out. This is not a disappearing company nor a speculative company to get double the price on listing. Hence it is good for the portfolio.

ADANI and NHPC both are trading on issue price. it does not make sense to apply in OIL which is aggressively priced. Market is volatile and there could be a correction of 2000-2500 points till IPO get listed.
Why do we need to block 1 lac rupess for 15-20 days even we can easily get shares on same price on listing day. IPO market is OUT..Invest with caution in secondary market as correction will be soon..

nhpc retail portion was subcribed 3.8 times of 49crshares @36 means total retail strength was 6700Cr Rs , now say same money is coming for OIL issue retail whose portion is 970cr rs--means oil issue will be o/s by 7 to 8 times (6700/970 plus 10%)

The indian government is planning IPO in the name of" Loot Sako Tho Loot Lo Ltd. The price bend of this IPO is small investor blood. So apply all of your blood in this IPO to hudge subscribe this IPO

Let us try to teach a lesson to Govt. Please do not apply for OIL India. Highly over prised IPO just like NHPC. Don't burn your finger.....er.r.r. whole body.

Reg: OIL INDIA IPO

The fate of any IPO is linked with the sentiment prevailing at the time of Book Running period and the listing date. Oil India is no doubt is very stiffly priced. However, Instituitions both foreign and domestic will lend great support as they would like to corner bulk quantity of shares in this Mini Ratna PSU.

The respose from NII and RETAIL will be lukewarm because of the fate meted out to ADANI POWER AND NHPC after much fanfare. In these volatile times reail investors would want to play it very safe.

Hi Friends,
Pls don't apply, let the Govt will learn the lessons when no one applied.

Is Govt mad of money?

Analysis on OIL India IPO ( AVOID )

Expensive deal

Oil India is entering the Capital market on 7th September 09 with a public issue of 2.65 crore equity shares of Rs. 10 each, in the band of Rs. 950 to Rs.1,050 per share.



The company can very well be compared with ONGC, as, it is about 10% of ONGC, in terms of level of operations and activity, while, almost at par on financial parameters. Let us have a look to the financials of both the companies as at 31-03-09: -



Rupees / Crores


ONGC
Oil India

Sales
1,05,257
8,138

PAT
19,795
2,162

EPS (Rs.)
93
101

Book Value (Rs.)
428
436

Equity
2,139
214

Net Worth
91,573
9,331

Dividend (Rs.)
32.00
30.50

Subsidy Share
28,225
3,023

Debt Equity
Debt Free
Debt Free





So, if someone is deciding to buy share of Oil India, infact, it is mini ONGC being bought. Post IPO, equity will rise to Rs. 240 crores, with Government of India stake falling at 78.50% against 74%in ONGC. So even on this count, it remains, almost at the same levels.



It is an accepted fact of the market, while valuing companies in the same sector, with same pedigree, smaller companies have atleast 15% discount to the bigger ones. Also, in the case of IPO, atleast 10% discount needs to be given, over the expected listing price, to prospective investors.



Since ONGC is now ruling at Rs. 1,185, a discount of 15% over this, gives a secondary market valuation of Rs. 1,000 per share. A further discount of 10% on this, justifies a price of Rs. 900 per share in IPO. Since the band of the share has been fixed at Rs. 950 to Rs. 1,050 per share, even accepting lower band of Rs. 950, based on these presumptions, would be difficult to accept.



NHPC, another PSU IPO, has also recently disappointed giving not much profit to retail investors and losses to HNIs. At that time also, we have said that the government has become greedy by having stiff pricing and the same trend looks to continue for this IPO as well. NHPC having issued shares at 36 is now ruling at 37. It may be worst for Oil India.



Really speaking, though we are not convinced even at the lower band of Rs. 950 per share, but those who are to keen to go for it, should contemplate applying at the lower band. It is infact worth and advisable to buy ONGC from the secondary market, instead of going in for this IPO. To justify the pricing of this IPO, share price of ONGC has to move up from its present level of Rs. 1,185. So why not bank on the leader and giant instead of this tiny and regional player.