Oil India Ltd: IPO, Not for Me this time

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The IPO of Oil India Ltd with price band for the issue between Rs 950 and Rs 1,050 per equity share , opend on 7th Sep and closes on 10th Sep. I am not very keen on this IPO considering its high price and the recent trend of IPOs being beaten up by the Market. Its better to stay away from the IPO and then buy once price is settled after the stock distrubution!!

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