Oil India will come out with an initial public offering (IPO) of 26,449,982 equity shares of face value Rs 10 each. Its issue price has been fixed at Rs 950-1050 per equity share and it will raise around Rs 2,512.75-2,777.25 crore. The IPO opens on September 7^th and closes on September 11^th.

Oil India is the country’s second largest state run explorer and produces 3.5 million tons oil annually. It is engaged in exploration, development, production and transportation of crude oil and natural gas onshore in India. Oil India has also been accorded the status of Mini Ratna by the Government of India. Just to keep things in perspective though, ONGC, which is also controlled by the government is ten times the size of Oil India.

CRISIL has graded Oil India 4 out 5, which indicates above average fundamentals.

The IPO is being planned out to issue new shares to the public, but at the same time the government will also sell 10% its own stake to IOC, HPCL, BPCL and IOC.

Oil India has most of its business concentrated domestically, but it is exploring oil and natural gas in Gabon, Libya, Nigeria and Yemen too.

Risk and Competitors:

Volatility of oil prices either it is very high or low crude prices, are also bad for the company. The risk is that when the government sells petrol and kerosene at a discount to international prices to retail consumers, the subsidy is then shared by the government and oil companies and when oil price goes sky-high, the burden of this subsidy becomes really high on oil companies.

Oil India has all of its oil reserves in the Upper Assam basin, which is a maturing resource, and so it is facing decreasing production rates. This means that the need for developing new resources is relatively higher for Oil India, than other companies.

The company has main competition in oil exploration by companies like ONGC, IOCL, GSPCL, GAIL, British Energy, RIL, Cairn Energy and Niko Resources.

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Business magazines merely not indicates the profit or loss of organizations but also emphasized  the essence of real business, entrepreneurship and hence it proves to be the guideline for the business organizations and so for the business tycoons in turns.

Business magazines are of key importance for providing moral and ethical values, which prefers to be followed by industries and the related business tycoons and so envisages the growth of business arena.

So considering the facts and values of business magazines and world wide readers strength I put top ten reputed names in business magazine field which are:

BusinessWeek

BusinessWeek magazine is the biggest business publication which is most widely read  in the world.Fifty issues are published annually and each issue of BusinessWeek Magazine completely covers the financial markets, industries, trends, technology and people behind the economy. BusinessWeek provide you a depth watch on top of changing business and economic trends, the volatile stock market, the latest movements and mergers and much more.

Barron’s

Barron’s is an American financial weekly magazine with new market moving stories and content and also available online for every business day. It provides market’s recent activity in-depth and a logical future trend of the market.

Forbes

Forbes comes under the flagship ofForbes magazine and published in every two weeks(26 issues yearly), is anAmerican mediacompany. Magazine includes two special Investment Guide issues, Mutual Fund Survey issue, and our Billionaire issue at no extra cost. Its primary competitors in the national business magazine category are Fortune, which is also published bi-weekly.Recently Forbes magazine launched Forbes India Magazine.

Harvard Business Review

It comes under Harvard Business Publishing (HBP) and was founded in 1994 as a not-for-profit, wholly-owned subsidiary of Harvard University. Its mission is to improve the practice of management and its impact in a changing world. However the magazine is written for upper level management and shares about successful innovative leaders, alliances and more.

Inc.

The daily resource for entrepreneurs, has an online official site inc.com. This is the magazine for growing companies and provides tools and information needed to grow small to mid-size companies.

Fortune

Fortune Business Magazine basically gives the information about Wall street, silicon valley and different type of business oriented innovative ideas with in depth strategy and analysis. Fortune offers readers a wide range of business and economy news.

Fast Company

This 10 issues per year business magazine covers reports on innovation, digital media, technology, change management, leadership, design and social responsibility.FastCompany.com operates as a network of sites with Inc.com and is a member of the Online Publishers Association. The website features FC Now, which launched in 2002, and was one of the first staff-written blogs maintained by a print magazine.

Money

It’s a monthly magazine. Magazine’s first issue was published in October 1972 and Money is a Time Inc. personal finance magazine. Money magazine is now with the joint venture with CNN and CNN’s former website is now turned tomoney.cnn.com. The magazine mainly covers financial issues.

The Economist

The Economist is a weekly international magazine which deals with news and business analysis, world politics, business, finance, science, technology, current affairs and art.

Conde Nast Portfolio

Conde Nast Portfolio is a worldwide magazine publishing company publishing 12 issues per year. The magazine covers deeply reported investigative business articles. Their main offices are located in New York, Miami, London, Milan, Paris, Madrid and Tokyo. It had an average total circulation of over 13 million issues a month, and an estimated actual readership five times larger than that.

Credit: www.wikipedia.com

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