OIL IPO: Should I Subscribe?

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Oil India Ltd. (OIL), the second largest oil and gas company in India, opened its initial public offering (IPO) of 26.45 lakh equity shares of face value Rs 10 each for subscription today (7th September, 2009). The issue price for the IPO has been fixed at Rs 950-1050 per equity share and it will raise [...]

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