Oil India Limited IPO Message Board (Page 29)

i think,if u see all angels of this issue then good for listing gains as well as investment.sure shot..for it.

Dear Friends
ONGC is quoting at a PE of 18 and has a book value of Rs. 405.
OIL is offerng at a PE of 10.5 app. and has a book value of Rs.435.

ONGC Price: Rs.1170
OIL Price:Rs.1050

From PE angle it is a good deal but from Book value it does not look worth, because remember ONGC had gone down to Rs.600 and any increasein crude price will cause subsidy burdens on these companies. This may be a tight issue where the gains are only dependent on market conditions. BEST OF LUCK.

dear iyengar
good 1, i suppose to do that calculation but now no need ;)

APPLY OIL INDIA, MAY LIST AT 1450/-

166. Shareking

What's the price band for pipaval shipyard IPO?

Thanks

Pipavav Shipyard IPO to open on Sept 16

Pipavav Shipyard's initial public offering (IPO) will open for subscription on September 16 or 17, 2009, reports CNBC-TV18 quoting DowJoneswire. The company may raise Rs 400-500 crore via IPO. Punj Lloyd currently holds 22.3% stake in the company.

As per the DRHP (draft red herring prospectus) filed with the SEBI, the company is coming out with a public issue of 86,850,000 equity shares of Rs 10 each. About 2,600,000 equity shares of Rs 10 each will be reserved in the issue for subscription by employees. The issue less the employee reservation portion shall be referred to as the net issue. The issue will constitute 13.04% of the fully diluted post-issue equity share capital of the company.

Proceeds from the issue will be used for construction of facilities for shipbuilding, ship repair and the Offshore Business, and margin for working capital.

The shares issued via IPO are proposed to be listed on the BSE and NSE. JM Financial Consultants Private Limited, Citigroup Global Markets India Private Limited and Enam Securities Private Limited are book running lead managers to the issue. Karvy Computershare Private Limited is the registrar.

Punj Lloyd bought 22.34% stake in the company at Rs 350 crore. Sea King Infra and Punj Lloyd are co-promoters, which hold 45.5% stake.

Good to see some useful comments for a change. Thanks guys.
Seems like OIL is too big a issue for pettie investors like me
who can not apply for full quota.

Hi Salil @ 163
Thanks for correcting the calculations on the listing gains.
It is Rs 1732 and not as mentioned.

I was always bad at maths!!
Will be careful next time.

and AK @ 164

In the absence of anything better we need some assumptions.
And the latest issue of NHPC is a benchmark.
You are right.It could be more it could be less but it throws up some numbers than making wild guesses.

Thanks for the response

Regards

Mr Iyengar,
yr calculation is correct. But things are not so simple. Size-wise it is just like Adani and half of NHPC. subscription will not be so high. It depends on so many variable which you can not predict now.
Regards....

Mr Iyengar
Agree with your assumptions, but minor mistake with ur calculn. 11*1,050*15% = Rs 1,732.
However, it still doesn't make sense for listing gains.
But cos like NHPC, OIL are to be held for long-term to enjoy
their gains.
Further, I get the feeling that the GMP hasn't yet captured the price-band, as similar was the GMP when there were talks of the IPO coming in 1,200-1,400 range. Now the GMP should reflect the same.

Hi all,
A back of the envelope calculation.Pl check and confirm

With 30% reservation for retail and at Rs 1050 a share, for one time subscription under retail category = Rs 833,17,44,330
(2,64,49,982*30%=79,34,994 shares for retail
1 lot will call for 79,34,994*Rs 1050=Rs 833,17,44,330)

For NHPC retail had attracted a total Rs 7011 crores approximately for an O/S of 3.87 times for 30% of 1,67,73,74,015 shares at Rs 36.

Assuming a similar amount of contribution from the retail investors total collection will be Rs 7011 crores.This divided by Rs833.17 crores will give an over subscription of 8.4 times for OIL ipo.
This means confirmed allotment for maximum of about 11 shares for applicants of 15 lots!!!(15/8.4*6)

This is assuming OIL will get more or less similar amount and over subscription from retail investors like NHPC.
If it atracts more subscription then naturally less than 11 shares!!

Assuming a listing gain of 15%, then you will get
11 shares*Rs 1050*15% profit of Rs 1050.
This is the profit for investing Rs 94,500 and waiting for 1 month for the entire cycle of IPO closure,allotment,refund,listing etc to be completed.

Any other nut and bolt calculation please illustrate.

Let us do some serious calculations than frequently asking GMP, listing gains etc.

Friends apply for Oil India.
Simple Logig : look at Hindustan Oil Explo, cairn, ongc, IGL, videocon.........all are at their 52 week high or approaching it. there is surely something cooking in oil & gas companies, so buy Oil & gas
APPLY FOR OIL INDIA ....WILL GET 15-20% RETURNS FOR SURE

suggest other site were gmp/ipo details can be sought

Apply maximum 15 lots of 6 shares at cut off
Application money will be Rs 94500
Expect 15% listing gains which should be good enough
ALl the best

What do you think about lot size? I think its 6.

If it will be list with premium of 1050 + 300 then you get around 1800 otherwise flop show by Oil India

When the price band had not been declared by GoI (and it was feared that it will get aggressively priced), even then the GMP was around the same figure. Then when it is coming in 950-1,050, shouldn't the premium moved up?

i am very frustated on adanis
cani apply to oil india

Oil India is certainly good for investment point of view. it is not good for listing gain. because this share might list at 1075 also like adani power. leveraged application is not good for this ipo. if any body want to buy ONGC at CMP for investment then i is better to apply for OIL.

I don't understand any strong fundamental of OIL for such a high price.
I will avoide to invest.
U Should also think b4 u apply.

oil india vl list at 1400...... its sure
so apply .....