Indian Oil Corporation - Largest FPO - 20000 crore

[goodbrother]

"IOC's follow-on public offer (FPO) would be expected in the third or fourth week of January," Chairman B M Bansal told reporters here.

The government plans to offload 10 per cent of its equity holding in the state-run refiner through the FPO and an equal stake would be diluted by the PSU company. Following the stake sale, the government's holding in IOC would reduce to 64.57 per cent from the existing 78.92 per cent.

IOC's share sale programme is expected to garner close to Rs 20,000 crore.

sourcs :E.T.

 

[rahuld2976]

"IOC's follow-on public offer (FPO) would be expected in the third or fourth week of January," Chairman B M Bansal told reporters here.

The government plans to offload 10 per cent of its equity holding in the state-run refiner through the FPO and an equal stake would be diluted by the PSU company. Following the stake sale, the government's holding in IOC would reduce to 64.57 per cent from the existing 78.92 per cent.

IOC's share sale programme is expected to garner close to Rs 20,000 crore.

sourcs :E.T.

Will it be good one to grab ?

What do you think ?

Thanks..

 

[goodbrother]

Will it be good one to grab ?

What do you think ?

Thanks..

It's a very large FPO , CMP on 19th is 391 . Lets wait for final price of FPO a day before opening to know discount from market price .

since the issue size very large app 20000 crore , retail portion may go around 1 to 2 times , resulting in good allotment .

 

[myselfbharat]

when will open IOC(Indian Oil Corporation) FPO?

 

[desiwarrenbuffet]

i have 5 shares of ioc,but iam not able to sell it .please advice