Cairn India Ltd IPO Message Board (Page 3)

Mr Nitin

It's your wrong direction now in gry market of a'bad Open premium of 25-35Rs. so do not, sell on listing time watch and after some time think by cool and then after take decision which you like safe for you

best of luck

company will buy back its shares and meril lynch will act as a stabilizer, so the price won't fall much

It's best to sell cairns on listing! Market rumours are that it can go down to 125 before marching upwards. So sell on listing and buy later at lower levels. It's a great company and will give good long term returns.

I don't think it will reach upto 175. As most of the retail investors are thinking to sell the share immediately after listing.

cairn won't be able to touch the price of 190 on the first day, can touch 175

I am alloted 525 shares per application and I have made 5(five) applications and I am sure that this scripts go minimum upto 190 on the first day

Cairn will not go below 160. You can probably expect the share to move up to 175 on Day 1 itself. Do not panic.

Do not panic if underlisted........ Better to hold it if you do not mind locking your money for sometime... It is a really good IPO for long term investors.... Down the line Cairns is going to be the number one company in energy sector.....

cairn market listing on 9.1.07,
expected to list below issue price
around 150.

Please let me know the allotment status of CAIRN. I have applied for 105 shares
Application No :90888809

Dear Himanshu,
I am writing for the first time. We have been alloted 245 shares if Cairn. Is there any positive news regarding it? As per your comment will it list like Nissan Copper?

LONDON (AFX) - Cairn India Ltd is to list on two Indian stock markets on Jan 9, said a spokesman at its parent company, Cairn Energy PLC.

It will be traded on the Bombay Stock Exchange and the National Stock Exchange. The book-building process for the offer ended on Dec 15, with the shares priced at 160 rupees apiece, at the low end of the indicative range of 160-190 rupees.

The allotment of the shares is to take place on Dec 29.

"The share allocation is going ahead tomorrow... Cairn India is listing on Jan 9," the spokesman told AFX News.

The issue "continues to be oversubscribed," he said, dismissing a press report that the shares were not fully taken up by investors.

"That's absolute nonsense," he stressed.

Cairn Energy shares fell on the London exchange today, partly after the Times of India reported several retail investors withdrew their applications after Dec 15.

This forced the underwriters Merrill Lynch, Morgan Stanley and ABN Amro Rothschild to take up the unsubscribed shares, chipping in around 3 bln rupees (about 68 mln usd) to "bail out" the issue, the article added, citing an unnamed senior banker.

The institutional investors' portion of the offer was oversubscribed by around 1.5 times, the article said.

Cairn India will have a market capitalisation of 6.3 bln usd upon listing, excluding the exercise of the over-allotment option.

It offered 328.8 mln shares to the public, on top of the 209.67 mln shares it issued in a private placing.

Malaysian oil giant Petronas was the biggest investor in the placing, taking up 176.53 mln shares, thus giving it a 10 pct stake in Cairn India.

Cairn Energy will end up with a 69.5 pct holding in the wholly owned unit after the offer.

At 12.27 pm, Cairn Energy was down 23 pence at 1,781, touching a low of 1,746 pence earlier.

Thanks sundeed...when is the listing

hi sagar, application num 52257783 shows that u have been alloted 525 shares. No records available for the rest of the application numbers

snehal u have been alloted 70 shares

what is listing date of CAIRN INDIA

when Cairn India is going to be listed on stock exchange. I have been alloted 105 shares. Shall I sell all the shares or hold it for sometimes. Will it open above 160?

Please let me know the allotment status of CAIRN. I have applied for 70 shares
Application No :17537049

there is some problem with bigshare site, not working at present

please send me allotment status of cains india ltd.

application no.52257783--
no. 52258819--
.52258816
.52258817
.52258818
.52257785
.52257781