Bookbuilding IPO | ₹2,777 Cr | Listed at BSE, NSE | Mon, Sep 7, 2009 - Thu, Sep 10, 2009
Oil India IPO is a book build issue of ₹2,777.25 crores. The issue is entirely a fresh issue of 2.64 crore shares of ₹2,777.25 crore.
Oil India IPO bidding started from Sep 7, 2009 and ended on Sep 10, 2009. The shares got listed on BSE, NSE on Sep 30, 2009.
Oil India IPO price band is set at ₹1,050 per share. The lot size for an application is 6. The minimum amount of investment required by an retail is ₹6,300 (6 shares) (based on upper price). The lot size investment for sNII is 32 lots (192 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (954 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 24,04,544 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Oil India IPO RHP for detailed Information.
IPO Open
Mon, Sep 7, 2009
IPO Close
Thu, Sep 10, 2009
Issue Price
₹1050 per share
Market Cap (Pre-IPO)
₹25,247.71 Cr
| IPO Date | 7 to 10 Sep, 2009 |
| Listed on | Wed, Sep 30, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹950 to ₹1050 |
| Issue Price | ₹1050 per share |
| Lot Size | 6 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,64,49,982 shares (agg. up to ₹2,777 Cr) |
| Fresh Issue | 2,64,49,982 shares (agg. up to ₹2,777 Cr) |
| Share Holding Pre Issue | 21,40,04,400 shares |
| Share Holding Post Issue | 24,04,54,382 shares |
| BSE Script Code / NSE Symbol | 533106 / OIL |
| ISIN | INE274J01014 |
Oil India IPO comprises a total issue size of 2,64,49,982 shares. The net offer to the public is 2,40,45,438 shares, after excluding 24,04,544 shares under a preferential allotment. Of the Net offer 1,44,27,263 (60.00%) are allocated to QIB, 24,04,544 (10.00%) allocated to NII 72,13,631 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,44,27,263 | 60.00% | 54.55% | NA |
| NII (HNI) Shares Offered | 24,04,544 | 10.00% | 9.09% | NA |
| Retail Shares Offered | 72,13,631 | 30.00% | 27.27% | 12,02,271 |
| Preferential Reservations | ||||
| Employee Shares Offered | 24,04,544 | 9.09% | NA | |
| Total Shares Offered | 2,64,49,982 | 100.00% | 100.00% | |
Investors can bid for a minimum of 6 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹6,300 |
| Retail (Max) | 31 | 186 | ₹1,95,300 |
| S-HNI (Min) | 32 | 192 | ₹2,01,600 |
| S-HNI (Max) | 158 | 948 | ₹9,95,400 |
| B-HNI (Min) | 159 | 954 | ₹10,01,700 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1959, Oil India Ltd is a premier Indian National Oil Company, engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. Oil india also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited. Oil India Limited is second largest oil and gas company in India as measured by total proved plus probable oil and natural gas reserves and production.
OIL has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production. Rajasthan is the other producing area of OIL, contributing 10 per cent of its total gas production.
Presently, OIL’s exploration activities are spread over onshore areas of Ganga Valley and Mahanadi. OIL also has participating interest in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc. as well as various overseas projects in Libya, Gabon, Iran, Nigeria and Sudan.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 23.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.13% | 78.43% |
| Market Cap | ₹25,247.71 Cr. |
The Oil india IPO is subscribed 30.82 times on September 10, 2009 7:00:00 PM (Day 4). The public issue subscribed 1.76 times in the retail category, 53.83 times in the QIB category, and 10.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 53.83 | 1,44,27,263 | |
| NII | 10.48 | 24,04,544 | |
| Retail | 1.76 | 72,13,631 | |
| Employee | 0.27 | 24,04,544 | |
| Total | 30.82 | 2,64,49,982 |
CRISIL has assigned an IPO Grade '4/5' (pronounced 'four on five') to Oil India Ltd IPO. This means as per CRISIL, company has above average fundamentals. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download CRISIL rating document.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,050.00 | ₹1,050.00 |
| Open | ₹1,019.00 | ₹1,096.00 |
| Low | ₹1,019.00 | ₹1,090.00 |
| High | ₹1,156.00 | ₹1,156.70 |
| Last Trade | ₹1,140.55 | ₹1,141.20 |
Oil India IPO is a main-board IPO of 2,64,49,982 equity shares of the face value of ₹10 aggregating up to ₹2,777 Crores. The issue is priced at ₹1050 per share. The minimum order quantity is 6.
The IPO opens on Mon, Sep 7, 2009, and closes on Thu, Sep 10, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Oil India IPO using UPI as a payment gateway. Zerodha customers can apply in Oil India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oil India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oil India IPO opens on Mon, Sep 7, 2009 and closes on Thu, Sep 10, 2009.
Oil India IPO lot size is 6, and the minimum amount required for application is ₹6,300.
You can apply in Oil India IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Oil India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Oil India IPO allotment status.
The Oil India IPO listing date is on Wed, Sep 30, 2009.
