Mumbai: Oil India’s 2.6 crore shares’ initial public offering was subscribed 30.82 times on the last day on Thursday. The issue received bids for 81.5 crore shares, according to data with the National Stock Exchange. The price band for the issue was fixed at Rs 950-1,050. Th…
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Oil India $570 m IPO oversubscribed on first day
Posted on: September 8th 2009 in Press Releases.
State explorer Oil India’s $570 million IPO was subscribed nearly 1.3 times on Monday, signalling investor appetite had not waned in the wake of a muted stock market debut for two recent big Indian listings. ‘Oil India IPO subscribed in 30 minutes’ Solid demand for Oi…
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