Mumbai: State-run firm Oil India, which marked its debut at the Indian equities markets Wednesday, saw its stock climbing a little over 9 percent from its issue price of Rs.1,050.
The scrip opened at Rs.1,019 and soon rose to Rs.1,148, a gain of 9.33 percent over the issue price.
This is the second initial public offering by a state firm to hit the markets this year and was oversubscribed almost 31 times and priced at Rs.1,050 per share. State-owned hydro power major NHPC Ltd was the first to go public.
