Skip to main content

OIL India Ipo Review

Oil India Ltd the premier Indian National Oil Company is coming out with an IPO of 26 million shares for diversification of existing business in downstream activities and purchase of capital equipments and contracts for facilities.

The company is engaged in the business of exploration, development and production of natural gas and crude oil, transportation of crude oil and production of LPG.Oil India also provides other E&P related services and it is the second largest oil and gas company in India.

Details of the issue :
Issue Size: 2,64,49,982 Equity Shares of Rs. 10.
Issue Price: Rs 950 to Rs 1050.
Issue Open from September 7,2009 to September 11, 2009.
Crisil has given IPO Grade 4 to Oil India Limited.

In 2008-09, the company reported an EPS of Rs 101, while its book value per share stood at Rs 436.Though the pricing seems to be on the higher side comparing with ONGC, investors can apply for this Ipo having long term view.
Tags

Comments

  1. InvestradingAugust 30, 2009

    It is another ONGC, so one can invest.

    ReplyDelete
  2. VKAugust 31, 2009

    We could also see ONGC share prices going higher now. Good article and eye opener to the fact that ONGC is undervalued. As a trader i think like that!!!

    ReplyDelete
  3. khalidSeptember 06, 2009

    Nice site, good content and it is worth to spend time here in your site. .

    ReplyDelete

Post a Comment

Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

…
Post a Comment
Read more

NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.


Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…
Post a Comment
Read more

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.




You could just try the same here at Moneycontrol Terminal


11 comments
Read more