OIL India is going to list on NSE and BSE on Wednesday,30th September,2009.
There was a good response from QIB and HNI segment. However, the retail segment was oversubscribed 1.76 times. The Current Grey market premium for Oil India is in the range of Rs. 50-60.
Investment Guru is of the view that the stock may list at a modest premium of Rs. 50-100 against its issue price of Rs. 1050. Though the fundamentals of the company are quite strong, it has the inherent limitations of sharing of Subsidy Burden and inadequate geographical spread which would keep a tab on its performance. Though the company has a impressive track record on On-shore drilling, it has yet to prove its expertise in off-shore segment.
OIL India : Listing Strategy
Posted by
Rajesh Soni
Tuesday, September 29, 2009
Labels:
IPO Updates,
Oil India Limited
11
comments
11 comments:
Thanks for your views.
What do you suggest is it good to hold on for long term or sell on listing and switch to ONGC?
Thanks for your sharing! Keep us updated with the current market affairs.
Thank you sir. What is the conclusion- Hold or Sell ?
Leave oil, Go for Gas. Switch to Indraprastha Gas for good returns in 1-2 years.
Hi Anonymous,
Thanks for your advice, Can you please eloborate why IGL, there are many good companies in this sector like GAIL, GSPL, Guj Gas, Pet Lng etc.
I can understand RIL & RNRL not being current choice due to limbo in court case.
Cheers
Read the following article in Business Standard
http://www.business-standard.com/india/news/ridingcng-demand/371398/
Additionally, Maruti has developed CNG based Engine which will increase use of this fuel to a great extent.
OIL expected to list at 1100 and will go down to 900 within few days. Sell on listing.
OIL did a fantastic debut :)
hows indiabulls power ...is it a drab ipo or will it be an insider traded thing
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Oil demand worldwide will increase dramticly over the next ten years
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