Oil India Ltd. is coming up with an IPO of 2,64,49,982 Equity Shares each having a face value of Rs. 10 each. Oil India Ltd is 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 IPO is slatted to open between Monday, September 07, 2009 and Friday, September 11, 2009.
AskDalal is a investment blogging portal dedicated to Indian investment community , where every blog answers a question.It may be stocks, bonds,commodity, real estate or anything else.Post your blog title or a question, community will do research and answer the question to give you your own research report.It is 100%free , no registration is required to browse and ask questions.It's great for writers looking for article topic,and cool for investor looking for answers.
| User | Points |
|---|---|
| suniljain | 10,440 |
| admin | 2,990 |
| rahul das | 2,460 |
| anilmehta | 1,710 |
| dipak | 1,540 |
| rakeshseth | 1,500 |
| himesh | 1,350 |
| stockguru | 1,110 |
| shah | 1,060 |
| bharat_vora | 1,040 |
Are you an MBA (finance) students, economics students, or journalist with broad interest in stocks, investing and finance. Do you want to polish your skills before getting into job market ? Come join askdalal as Research Analyst.Email your resume to tripti.shah@askdalal.com.
If your resume is impressive you will get chance to show your talent,polish your skills and earn money along the way. At the convenience of sitting at your home computer. See rules for askdalal investment analyst.
OIL 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 also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.
The authorised and paid up capital of the company as on March 31, 2007 are Rs. 500 crore and Rs. 214 crore respectively, with 98.13 per cent holding by the Government of India and 1.87 per cent by others. The net worth of the company as on March 31, 2007 is Rs. 6849.07 crore.
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.
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.
In a recent CRISIL-India Today survey, OIL was adjudged as one of the five best major PSUs and one of three best energy sector PSUs in the country.
OIL INDIA PAID Rs.577.50 Cr ad divident to govt of India in 2007-08. Compare that to 214 Cr invested by govt of India. That's a 244% return in a single year.
Earning per share at 101 Rs and debt to equity ration of .006.
Now Why should I subscribe
1. OIL india ltd has 1 lakh km area for exploration. That's huge.
2. Low Debt . It is difficult to find OIL company with such a low debt.
3. Divident history : OIL has been consistently paying dividend of above 30% of PAT to govt of India since last 6 years.