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Cairn IPO is a book built issue of Rs 5,260.79 crores.
Cairn IPO bidding started from December 11, 2006 and ended on December 15, 2006. The shares got listed on BSE, NSE on January 9, 2007.
Cairn IPO price band is set at ₹160 to ₹190 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,650.
Bofa Securities India Limited and Jm Morgan Stanley Private Limited are the book running lead managers of the Cairn IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Cairn IPO RHP for detailed information.
| IPO Date | December 11, 2006 to December 15, 2006 |
| Listing Date | January 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹160 to ₹190 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 328,799,675 shares (aggregating up to ₹5,260.79 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 365,078,898 |
| Share holding post issue | 1,765,314,379 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,650 |
| Retail (Max) | 30 | 1050 | ₹199,500 |
| Lot Size Calculator | |||
Cairn Energy PLC is public oil and gas exploration and Production Company based in Edinburgh, Scotland.
Cairn India Limited is a newly incorporated Indian company and has been promoted by Cairn Energy PLC, a crude oil and natural gas exploration and production company trading on the main market of the London Stock Exchange. At the completion of the Reorganisation, the Company will acquire the Subsidiaries which hold all of the ownership and operated interests in Cairn Energy PLCs Indian crude oil and natural gas development and production assets and the majority of its Indian crude oil and natural gas exploration assets. Upon the Companys acquisition of the Subsidiaries, Cairn aim to be a leading participant in the Indian crude oil and natural gas industry. We estimate the total gross proved plus probable (2P) reserves attributable to the fields in production or under development in which Cairn India has interests to be 754 mmboe and its net working interest in these 2P reserves to be 472 mmboe. Most of the 2P reserves are estimated to be contained in the Rajasthan Block which is currently subject to significant appraisal and development activity. In addition to proved plus probable reserves, Cairn estimate the gross contingent resources attributable to these fields to be 414 mmboe. Outside of the Rajasthan Block Cairn estimate the total gross 2P reserves attributable to the fields in production or under development in which Cairn India has interests to be 122 mmboe and on a net working interest basis Cairn estimate these same reserves to be 30 mmboe. In addition, a further 157 mmboe of gross contingent resource has been identified in fields outside of Rajasthan, with most of this gross contingent resource (143 mmboe) estimated to be contained in the deep water Block KG-DWN-98/2.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To achieve the benefits of listing;
2. To fund the acquisition of shares of Cairn India Holdings Limited part of the development of the Rajasthan Block, as well as further development of other producing fields.
The Cairn IPO is subscribed 1.14 times on December 15, 2006 9:30:00 PM. The public issue subscribed 0.91 times in the retail category, 1.36 times in the QIB category, and 0.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | January 9, 2007 |
| BSE Script Code | 532792 |
| NSE Symbol | CAIRN |
| ISIN | INE910H01017 |
| Final Issue Price | ₹160 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹160.00 |
| ₹140.00 |
| ₹128.65 |
| ₹155.00 |
| ₹137.50 |
| NSE |
|---|
| ₹160.00 |
| ₹152.00 |
| ₹128.80 |
| ₹162.00 |
| ₹137.40 |
Cairn India Ltd
Cairn India Ltd,
401 Dalamal Towers, Nariman Point,
Mumbai 400 021, India.
Phone: +91 (22) 2287 2001
Email: preeti.chheda@cairn-energy.plc.uk
Website: http://www.cairnindia.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/ipo_status.html
Cairn IPO is a main-board IPO of 328,799,675 equity shares of the face value of ₹10 aggregating up to ₹5,260.79 Crores. The issue is priced at ₹160 to ₹190 per share. The minimum order quantity is 35 Shares.
The IPO opens on December 11, 2006, and closes on December 15, 2006.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Cairn IPO opens on December 11, 2006 and closes on December 15, 2006.
Cairn IPO lot size is 35 Shares, and the minimum amount required is ₹6,650.
You can apply in Cairn IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Cairn IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Cairn IPO allotment status.
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As per recent reports, Cairn India has got the Indian government’s nod for the 600-kilometer pipeline in Rajasthan, which would enable the company to sell oil directly in the market.
Party time ahead guys!