Oil India IPO subscription at 30.82 times

The Initial Public Offering (IPO) of Oil India Limited has garnered subscription of 30.82 times. The IPO opened for subscription on Monday (7/9/2009) and closed on Thursday - September 10, 2009.

The IPO has received subscription of 30.82 times with bids for 815215116 equity shares against the total offer of 26449982 equity shares. The issue has received bids for 11777586 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 53.8324 times with bids for 776654784 equity shares against the offer of 144272633 equity shares.

The Non Institutional Investors portion of the issue has received bids for 25192308 equity shares against the offer of 2404544 equity shares resulting in a subscription of 10.4770 times.

The Retail Individual Investors (RIIs) portion has received subscription of 1.7642 times with bids for 12726060 equity shares against the offer of 7213631 equity shares.

The Employee Reservation has received bids for 641964 equity shares against the offer of 2404544 equity shares resulting in a subscription of 0.2670 times.

Source : Equity Bulls

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