Cairn India Ltd, which raised $1.18 billion in an initial public offering last week, will list on the Bombay Stock Exchange and the National Stock Exchange early next month.
"Share allotment will happen by December 29 and we will list before January 10," CIL CEO Rahul Dhir said.
Cairn India had priced its IPO at the bottom end of its indicated range of Rs 160 to 190 per share, valuing the company at about $6.32 billion.
In all, the company raised Rs 8,616 crores (Rs 86.16 billion) -- Rs 5,260 crores (Rs 52.6 billion) through the IPO of 328.80 million shares and Rs 3354.7 crores (Rs 33.54 billion) through a pre-IPO private placement mostly with Petronas of Malaysia.
Dhir expressed satisfaction at the response to the IPO. "We are very very pleased (with the response)... we have got good backing from long term sophisticated investors."
The IPO was over-subscribed 1.1 times despite the volatility in the stock markets since the time it opened on December 11.
"When the market is volatile, investors are usually undecided about taking positions. A stable market helps people take views on investing in new stocks," he said.
Following the floatation, Cairn Energy Plc will own a 69.5 per cent holding in Cairn India.
Cairn Energy Plc Chief Executive Bill Gammell said, "This has been one of the biggest IPOs carried out in the Indian markets and is a natural evolution for Cairn, building on more than ten years of sucess in South Asia."
"On completion of this transaction, Cairn India will be the largest independent exploration and production company listed in India."
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