Indian Oil (IOCL) IPO Review

Indian Oil (IOCL) IPO Review

Indian Oil Corporation Limited (IOCL) is planning to hit the stock market in the year 2012.

Indian Oil is the state owned oil company having strong fundamentals.

Indian Oil Corporation Ltd. is India's largest company by sales with a turnover of Rs. 271,074 crore and profit of Rs. 10,221 crore for the year 2009-10.
IndianOil is the highest ranked Indian company in the latest Fortune ‘Global 500’ listings, ranked at the 125th position. IndianOil's vision is driven by a group of dynamic leaders who have made it a name to reckon with.

Here are the salient features of IOCL.

• IndianOil tops the Fortune India 500 Rankings
• IndianOil in top five in Business India's Super 100
• IndianOil is India’s Biggest Company: ET 500
• IndianOil in Platts ‘Top 250 Global Energy Company’ Rankings
• IndianOil in top ten of BT 500 PSU rankings
• IndianOil: India’s largest PSU and Highest Revenue Earner in BW Real 500 rankings
• IndianOil: One of ‘India’s Most Valuable Brands 2010’
• IndianOil leads the pack of Indian companies in Fortune’s ‘Global 500’ list
• IndianOil in ‘Top 50’ Best Companies To Work For
• Reigning on the pinnacle of success

I will personally give 4 out of 5 stars to this IPO. However, we need to see the price bands of this IPO. But well, government sells its PSU to the public at very fair valuations and that’s why the price band must be reasonable.