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10th April 2016, 12:22 PM
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Join Date: May 2012
Re: IPO Scheme of ONGC in

The government has altered the last share cost of the Oil and Natural Gas Corporation (ONGC) at Rs 750 for every offer, with retail financial specialists being offered the scrip at a marked down cost of Rs 712.50 as an astounding Rs 10,534 crore was activated by one of the biggest ever open issues in India.

The first sale of stock (IPO) of the ONGC was last of the six IPO’s of open part endeavours offered amid the most recent couple of weeks.

The mind-boggling reaction to the ONGC offers, both by institutional and retail speculators, has empowered the administration to surpass the planned focus of Rs 14,500 crore to be cleaned up from disinvestment continues amid 2003-04.

With the ONGC IPO, the legislature has surpassed the disinvestment focus by about Rs 900 crore.

Buoyed by the accomplishment of the late IPOs, the administration would consider a few choices, including the posting of scrips of open segment endeavors on universal bourses

The ONGC issue was oversubscribed by 5.88 times and nearly 7.6 lakh retail investors and 350 institutional buyers participating in the public issue.


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