Oil India Limited IPO Message Board (Page 30)

WHETHER OIL INDIA OFFICE PRICE OF 950 - 1050 IS WORTH INVESTING FOR LONG TERM INVESTOR, ANY ONE PLEASE SUGGEST.

oil india 115-125
KOSTAK 2500-2600

NHPC 5.25-5.75
KOSTAK 3850-3950

OIL India IPO closing date is 10/09/2009 and lot size is 6 (six) shares.
Confirmed from ENAM Financial

adani power ipo is long term bet. short term investors stay away

EPS March'09
ONGC - Rs.92/-
OIL - Rs.101/-

Book Value March'09
ONGC - Rs.405/-
OIL - Rs.436/-

Current Price
ONGC - Rs.1,180/-
OIL justifies Rs.1,300/-(i.e. 110% of ONGC)

Think about it .... and react !!!

OIL INDIA...PRICE BAND 950-1050
OPEN................ 7 SEP
CLOSE............... 12 SEP.

NHPC'S 713 SHARE WILL BE ALLOTED TO 2625 SHARE APPLIED.
N-JOY INVESTER,
B'COZ
SAB KA SAPNA MONEY HONEY........

I am 100% sure... it will list below issue price..

DO NOt APPLY

Oil India has a EPS of 100+ going by P/E its CMP should be 100*15=1500 <1050 so it is cheaper than ONGC.For NHPC which has a EPS of 1+ going by it it should be at 16-18 RS.So Oil India is cheaper than NHPC.

You can easily buy the stock below 800 after listing.Applying for the IPO will be a blunder.

oil price band 950 to 1050 happy investing

whats the grp of oil india

Very costly at the price band of 950-1050. please avoide. you will get it at discount @ 10% or more after listing when market corrects.
Better buy below 800.

Oil India's EPS is Rs 73.At higher end of the price band it trades at 14.38 times. Its Peer ONGC trades at 15 times. Price is not cheap as such Whatever may be the GMP

Is it worth to go for OIL India IPO? I doubt due to very high pricerange????

A government panel has set a price band of Rs 950-1,050 per share for Oil India's initial public offering, reports CNBC-tV18. The IPO will remain open for subscription from September 7-11.

The company plans to raise up to Rs 2,770 crore via the IPO, while the government will get up to Rs 2,205 crore.

For those who doesn't know about the ASAB
Full form of ASAB is
Applications Supported by Blocked Amount (ASBA)
For Details kindly be onlin to following web address
http://www.bseindia.com/bookbuilding/scsb.asp
This is basically to ease the Fund return process and reduce the IPO allotment time

The government today fixed a price band of Rs 950-1,050 per share for the initial public offering (IPO) of Oil India (OIL), the second state-run firm to hit the market this year, and will raise up to Rs 4,982 cror

The price band was fixed by a Group of Ministers headed by Finance Minister Pranab Mukherjee this evening, official sources said.

The IPO, the second after the highly successful offering by hydroelectric power generator NHPC, will open on September 7 and close on September 11. OIL will be listed on the bourses on September 29.

Under the twin offer for disinvestment in OIL, which produces 3.5 million tonnes of oil annually, the company will offer fresh equity of 2.64 crore shares or 11 per cent, while the government will put on offer 10 per cent of its stake in the company to state refiners.

The IPO will help mop up Rs 4,507 crore at the floor price and Rs 4,982 crore at the ceiling rate. Government would earn Rs 1,995-Rs 2,205 and the company would get Rs 2,512 to Rs 2,777 at the lower and upper end of the band, respectively.

Post-IPO and disinvestment, the government's stake in the company will decrease from 98.13 per cent to 78.5 per cent.

Sources said the IPO proceeds would be used to fund the capex requirement of Rs 2,300 crore for 2009-10 and Rs 2,400 crore for 2010-11.

Alongside the IPO, the government will sell 10 per cent of its current holding in OIL to Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum. IOC will get about 5 per cent while HPCL and BPCL would take about 2.5 per cent each.

The public holding will be about 12 per cent.

Oil India has set a price band of Rs 950-1,050 per share for Oil India's initial public offering.

The IPO will remain open for subscription from 7-11 September.

The company plans to raise up to Rs 2,770 crore via the IPO, while the government will get up to Rs 2,205 crore.

Oil India -

Price Band fixed at 950 - 1050

Issue Opens on 07th September

Issue Closes on 10th September

Thanks Joy.