Union ministry of petroleum and natural gas successfully completed the offer for sale of Oil India

KOLKATA: Union ministry of petroleum and natural gas successfully completed the offer for sale (OFS) of Oil India listed on both BSE and NSE through OFS mechanism on February 1, 2013.

BSE was the designated stock exchange for the issue. The offer was over-subscribed 2.57 times with a clearing price of Rs 520 per share.
The exchange had made live the OFS module on iBBS (Internet based book building System) on February 24, 2012. In line with the revised OFS guidelines issued by Sebi on July 18, 2012, the exchange had implemented and launched the new version of OFS platform on iBBS on August 1, 2012.

Prior to Oil India, some 21 companies including 3 PSUs successfully completed their equity offer for sale issues through BSE OFS mechanism. Out of these 21 OFS issues, BSE was appointed as the designated stock exchange for 19 issues.

Some 8 OFS issues namely, Parag Shilpa Investments, Muthoot Capital Services, Sical Logistics, Adani Power, Xchanging Solutions, DISA India, STI India & Adani Enterprises are ones that successfully completed their OFS issues exclusively on BSE iBBS OFS platform.