Oil India Subscription Details - Day 1

Qualified Institutional Buyers (QIBs) 2.3154 times

Non Institutional Investors 0.0022 times

Retail Individual Investors (RIIs)- 0.0518 times

Comment:

The NIIs seem to have been knocked out due to the NHPC issue. There could be still enough money to get NII to few times over subscribed.

Retail will probably get oversubscribed 2-3 times max and 1-2 times min

QIBs will be driver for this IPO and should get oversubscribed many a time