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Both Sides of Coin in R/O Oil India IPO

Posted By On 8:47 PM Under ,

Indian IPO is buzz with activity and Oil India which is the second largest national oil gas company has been fully subscribed with in its opening hours. The issue is already subscribed 0.91 times and activity has been seen at the cut off price i.e Rs 1,050 a share. However SP Tulsian an analyst who regularly features on CNBC TV 18 states its true value as Rs 900.

Not to worry as Reliance money has asked its customers to go for this IPO and we also feel that you must subscribe for this IPO at cut off for 10% listing gains.
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