Issue Opens: Sep 7, 2009
Issue Closes: Sep 11, 2009
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.
Objectives of the Issue:
- The objectives of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
- Exploration and appraisal activities;
- Development activities in producing fields;
- Purchase of capital equipments and contracts for facilities;
- Diversification of existing business in downstream activities.
Oil India Limited IPO Grading / Rating
Crisil has assigned an IPO Grade 4 to Oil India Limited IPO. This means as per Crisil, company has above average. Crisil assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Oil India Limited IPO Information
Public Issue Open: September 7,2009 to September 11, 2009Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size: 2,64,49,982 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: 950 - 1050
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing: BSE, NSE
Oil India Ltd's Financial Stats
| Particulars | For the year/period ended (Rs. in Lacs) | |||||
| 30-Sep-07(upto) | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | 31-Mar-03 | |
| Total Income | 31,151.93 | 60,077.77 | 60,365.57 | 40,971.50 | 34,765.79 | 31,254.36 |
| Profit After Tax (PAT) | 8,811.33 | 16,399.86 | 16,899.31 | 10,616.84 | 9,497.04 | 9,167.28 |
Click Here to download the prospectus.
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