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Disinvestment of Paid up Equity Capital in Oil India Limited

Disinvestment of 10% of Paid up Equity Capital in Oil India Limited through Offer for Sale (OFS) Mechanism.Completed; Net Proceeds Worth Rs. 3141.39 Crore.Received by The Government through OFS

The offer on sale(OFS) transaction in Oil India Ltd. was held on 01.02.2013. A total number of 601,13,157 shares were sold at the cut off price of Rs. 520 against the Floor Price of Rs. 510 per share fixed by the EGOM held on 30.01.2013. The realization has been at an average price of Rs. 523.15 per share. The issue has been oversubscribed 2.57 times and the overall response at NSE and BSE and allocation thereon are as under.

OIL INDIA LTD OFS SUMMARY AT BSE+NSE LTD

Exchange

No of Shares

% Subscription

Allocated Qty

Allocation %

BSE 93,909,287

60.92%

49,341,403

82.08%

NSE 60,233,170

39.08%

10,771,754

17.92%

Total 154,142,457

100.00%

60,113,157

100.00%

 

The category wise investors™ participation in the OFS at BSE & NSE and allocation is as under.

 

TOTAL BSE + NSE BID QTY AFTER ALLOCATION

Category

Bid Count

Bid Qty

Bid Amt (Rs Crs)

Amt in %

Banks

58

2,112,133

110.00

3.50%

Client

1377

4,352,859

226.70

7.21%

FII

87

36,223,267

1898.24

60.36%

Insurance*

13

1,314,488

68.72

2.19%

Mutual funds

46

11,601,614

606.53

19.29%

Other Institutions

33

203,881

10.61

0.34%

Proprietory

343

4,304,915

224.17

7.13%

Total

1957

60,113,157

3144.97

100.00%

 

The net proceeds to the Government of India , of the OFS are Rs. 3141, 39, 66,246.00 (Rs.3141.39 crore).

 

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