Oil India IPO subscribed 1.28 times on day 1

The Initial Public Offering (IPO) of Oil India Limited which opened for subscription today - Monday, September 7, 2009 has received subscription of 1.28 times till 5:00 PM. The IPO closes for subscription on September 10, 2009.

The IPO has received bids for 33801492 equity shares against the offer of 26449982 equity shares. The issue has received bids for 296166 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 2.3154 times with bids for 33404268 equity shares against the offer of 14427263 equity shares.

The Non Institutional Investors portion has received bids for 5196 shares against the offer of 2404544 shares resulting in a subscription of 0.0022 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.0518 times with bids for 373698 equity shares against the offer of 7213631 equity shares.

The Employee Reservation portion has received bids for 18330 shares against the offer of 2404544 equity shares resulting in a subscription of 0.0076 times.

Source : Equity Bulls

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