IPO: Oil India to list on Sep 30 fixes price at Rs 1050 per share

OIL, the second largest oil and gas company in India, had come out with an IPO of 264.5 lakh equity shares of face value Rs 10 each and raised Rs 2,777 crore. The issue has received remarkable response from investors, especially QIB (qualified institutional investors). It has been subscribed 30.82 times and QIBs' reserved portion got subscribed 54 times followed by non-institutional and retail investors; their portion subscribed 10.5 times and 1.8 times, respectively. The issue received more than 2.10 lakh applications.