The IPO will make its debut in the stock markets on September 30th. The bid for the IPO which closed on 10th sept was oversubscribed 31 times. The company issued a statment saying over 99% of the bids were at the higher band of 1050.
This is the third oil company in the last couple of months to issue an IPO after Adani power and NHPC which received an overwhelming response.
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