OIL IPO Issue finally came to an end on last Friday. The issue got subscribed some 30.81%. Investors were very enthusiastic to this offer especially the institutional investors which got subscribed for 54 times.Retail investors segment was subscribed for 1.14 times and Non-institutional segment got subscribed for 9.77 times.

And today the Govt has decided and fixed the issue price of OIL IPO at Rs 1050 per share. At this price the company will raise 4980 crores. OIL IPO will get listed in  secondary market on Sept 30th as said by  OIL India Chairman. 99% of the OIL IPO was subscribed at the upper price band of Rs 1050 each and hence the Govt decision.

Check your OIL IPO Allotment status here. Just enter your Application No and hit enter. If you have any queries you are free to post them here and get clarified.

So lets wait and watch at what price OIL IPO will list in the bourses. The initial enthusiasm in NHPC IPO also could not save the IPO from a lack lusture listing on the bourses. So better not to expect too much from OIL India IPO too. The listing date of OIL IPO on 30th Sept 2009 may bring some cheers hopefully in the faces of the IPO investors.

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