OIL India IPO is all set to hit the Indian capital markets by the end of february. OIL India Limited filed the DRHP for the proposed IPO today with SEBI. Now the OIL India IPO awaits SEBI clearance. After the Reliance Power IPO and Future Capital IPO, the OIL India IPO is likely to be the next big IPO to hit the Indian stock markets. If the markets stay bullish, more big IPO’s are likely to hit the markets in the near future.