Tuesday, September 1, 2009

[Investors Please Listen] IPO Update: Oil India Limited Price Band Rs 950 to Rs 1,050, Starting on 7thSept–10thSept, Call: 0-9818269396

Oil India Limited

Sector                          Oil Exploration and Production

Transaction                   Domestic Public Issue of shares – 100% Book Building

Issue Size Public           Issue of 2,64,49,982 shares of Rs 10 each

(Net Issue 11% of the fully diluted post issue capital)

IPO Dates                     7th September 2009 – 10th September 2009

Price Band                    Rs 950 to Rs 1,050

95 times on the lower end and 105 times on the higher end

Bid Lot 6 equity shares and in multiples of 6

IPO Grading                  CRISIL 4/5 – Above Fundamentals

Exchanges                    The Bombay Stock Exchange Limited (BSE),

The National Stock Exchange of India Limited (NSE),

 

The second largest national oil and gas company in India as measured by total proved plus probable oil and

natural gas reserves and production.

- Oil India Ltd for their operational efficiency and financial strength have been accorded a "Mini Ratna Category

I" status since 1997 by the GoI.

- They have the ability to provide various exploration and production-related services to the oil and gas industry,

both domestically and internationally, including pipeline construction, pipeline consultancy services, drilling and

well work -over services, research and development services and logging services.

- Onshore exploration is their forte with a concentration in Assam. It has emergent experience in offshore and

deep-water fields and has participated in consortiums for the same

- From fiscal 2007 through June 30, 2009, they made 11 small to medium size discoveries (defined as those

discoveries with an estimated proved plus probable reserves size of less than 30 million barrels of oil and oil

equivalent gas), in addition to 2 major discoveries (defined as those discoveries with an estimated proved plus

probable reserves size of over 30 million barrels of oil and oil equivalent gas.)

- As of June 30, 2009:

�� They produce crude oil and natural gas on an independent basis in 18 onshore fields under 19

corresponding production licenses, referred to as "Petroleum Mining Leases"

�� A total of 424 wells were in production in their independent blocks, 377 of which related to crude oil

production and 47 of which related to natural gas production.

- Growth in operating income between 2004-05 and 2008-09 at a CAGR of 17.3% fuelled by increasing crude oil

prices

- Crude Oil and Natural gas accounted for 88% of their revenues for the year ended 2008-09 and LPG, crude oil

transportation and unallocated accounted for 12% of their revenues.

- Low gearing levels and healthy cash flows benefit the company in their capital expenditure and growth plans.

 

 


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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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