After receiving remarkable response from the investors, Oil India (OIL) will list on the exchanges on September 30, 2009, Wednesday. It has fixed its issue price at Rs 1,050/share.

It had come out with an initial public offering (IPO) of 264.5 lakh equity shares of face value Rs 10 each and raised over Rs 2,777 crore. The issue saw the highest ever subscription in the year 2009 and was oversubscribed 30.82 times.

There is curiosity among the buyers as Oil India Ltd IPO’s listing is scheduled for September 30. After the enlistment, buyers will be able to purchase its share on trading terminal through share brokers.

A buyer said, “Oil India Ltd is a reputed company. So, after its listing, I will purchase some shares.”

He said that market would see a huge surge after its listing as a number of buyers would like to purchase the share.

So far Oil India Ltd IPO the best one due to oversubscribing, he said and added that after the listing it would be a good share to buy.

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