IPO OF OIL INDIA LTD (OIL)…Upper band Price of Rs 1050 appears fair but there’s not much listing Upsteam for this Upstream Oil PSU
This is a Scan of the OIL IPO I like OIL…Rs 1050 (FV Rs 10) Upper band Price appears fair…but I would await Listing before consdering any meaningful exposure In it’s continuing disinvestment exercise now the Government wants us to explore OIL with it…but at an upper band IPO price of Rs 1050…OIL will raise Rs 2777 crs at this price …