Oil India Ltd might price its IPO closer to the prevailing share price of Oil and Natural Gas Corp (ONGC) and is said to open on September 7 and close on September 11 at Rs 1,000-1,100 a share whereas OIL feels that its earnings per share (EPS) and book value are better than ONGC so it is looking at pricing the issue in that range.
Fantastic IPO.Crisil has already given it a rating of 4/5 implying excellent fundamentals.EPS for last year was 104 so even at 1000 Rs PE is only 10 versus 36 of NHPC.Bokkvalue of rs 436,RONW of 24%
Excellent dividend yield. All in all a beautiful IPO not to be nissed.Only cabveat is that Govt should not become too greedy like NHPC.