Oil India IPO receives subscription of 0.91 times

The Initial Public Offering (IPO) of Oil India Limited has garnered subscription of 0.91 times till 12:00 Noon on Monday - September 7, 2009. The IPO opened for subscription today and closes on Thursday - September 10, 2009.

The IPO has received subscription of 0.91 times with bids for 24181872 equity shares against the total offer of 26449982 equity shares. The issue has received bids for 85668 equity shares at cut-off price.

In NSE, the issue has received bids for 24118464 equity shares against the offer of 26449982 equity shares. The issue has received bids for 60612 equity shares at cut-off price.

In BSE, the issue has received bids for 74610 equity shares.

Source : Equity Bulls

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