The scrip ended up 8.5% at Rs 1,140 from its issue price of Rs 1,050.
The counter witnessed trades of 8.3 million shares on the BSE today.
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(Updated at 1022hrs)
Oil India opened at Rs 1,019 on the BSE as against the issue price of Rs 1,050. The company had come out with an initial public offering (IPO) of 26.45 million equity shares of face value Rs 10 each and raised around $570 million at an issue price of Rs 1,050 per share.
The IPO was subscribed 31 times with the QIB portion being subscribed 54 times, HNI 10 times and retail 1.8 times.
The shares are currently trading at Rs 1,141, up 8.7% on the BSE. The counter has clocked a volume of around 3.25 million shares so far.
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