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Cairn IPO opens on Dec 11; co to be among top 25

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  #1  
Old 10th December 2006, 01:30 PM
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Default Cairn IPO opens on Dec 11; co to be among top 25

Cairn IPO opens on Dec 11; co to be among top 25

Cairn India Ltd will on Monday open India's biggest ever initial public offering (IPO) that will put the company among the top 25 listed corporates ahead of the recently-listed Reliance Petroleum Ltd.

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Old 10th December 2006, 05:35 PM
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Default Re: Cairn IPO opens on Dec 11; co to be among top 25

Which bank is the manager to the Cairns issue? Can an NRI subscribe to this issue.
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Old 10th December 2006, 05:55 PM
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Default Re: Cairn IPO opens on Dec 11; co to be among top 25

Quote:
Originally Posted by Robbie View Post
Cairn IPO opens on Dec 11; co to be among top 25

Cairn India Ltd will on Monday open India's biggest ever initial public offering (IPO) that will put the company among the top 25 listed corporates ahead of the recently-listed Reliance Petroleum Ltd.

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Please share your views and post your comments on Cairn IPO opens on Dec 11; co to be among top 25 below!
: Please see today's buisnessline at page 11.It states that "The rajasthan crude is thick,heavey,and waxy which solidyfies at a lower temperature.This calls for specialised production techniques such as hot water injection into the wells..........this technolodgy has not been tried out on a scale that is envisaged by Cairn.......the well pores could blocked by the wax.....Given the quality of the crude ,it is likly to sell at a discount of 5% to 10% to Brent,an industry benchmark."
This is a thaughtful analysis,which cannot be said of the other analytical stuff.pl do read it and ponder it over before your decision.All that glitters is not GOLD. :
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Old 10th December 2006, 11:25 PM
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Default Re: Cairn IPO opens on Dec 11; co to be among top 25

Is it worth to apply into Cairn IPO ? What will be the gain on listing ? How much to apply for guaranteed allotment ?

Hasobha
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Old 11th December 2006, 11:50 AM
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Default Re: Cairn IPO opens on Dec 11; co to be among top 25

dear hashoba
I am not investing in it because i allready have sufficient exposure in this space through reliance industries and ONGC.Both these co's are well managed and have a proven record.In any case ONGC has a 30% stake in rajasthan with Cairn.I do not wish to increase my exposure in the OIL space.May like to read my post yesterday on this IPO .
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