Subscribe to Oil India IPO: Sushil Finance - Moneycontrol.com

Sushil Finance has come out with its research report on Oil India's initial public offering (IPO). Oil India's initial public offering of 26,449,982 shares has opened for subscription. The issue will close on September 10, 2009. The price band has been fixed at Rs 950-1,050. The research firm has recommended investors to subscribe to the issue.

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We believe OIL is very well poised to grow rapidly in the high potential high growth Oil & Gas Exploration & Production business. The opportunity is enormous considering that it has been working on the strategy of vertical integration to have a diversified business portfolio through selective presence in the oil and gas value chain covering amongst others refining, gas monetization through cracker/power generation, ventures for gas pipelines & city gas networks and extension of existing business of pipeline services and E&P services as a service provider. We have given a rating of “A” and recommend our investors to subscribe to the issue. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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