in last many years (from 2005) this is first time that people give so good response to good & big IPO like this.... which is good news & 1st time i will see allotment of 45,000Rs of shares in full lot application..... i have applied 2 application of 400 shars each...but my question is after getting so good allotment in issue who will buy the stock on listing day & every 1 will get more the expection of shares bcoz of which dont u think there will be pressure on stock on listing day??????????????????????????????????????????????
Alert 21/10/2010 5 PM:- Coal India Limited IPO investors can withdraw their application till Monday Oct 25, 2010. This option is given to investors because of a critical error in the financial statement of the company. CIL IPO closed today for subscription.
"Under-subscription, if any, in the Employee Reservation Portion will be added to the Net Offer. Undersubscription, if any, in any category shall be met with allocated to other categories, at the sole discretion of the Selling Shareholder and our Company, in consultation with the Book Running Lead Managers. In case of under- subscription in the Net Offer, allocated to the extent of under-subscription shall be permitted from the Employee Reservation Portion."
any unsubscribed portion will be allocated to qib and retail as per the BRLM. No worries on negative news as there is no effect on profit and loss account. chill guys...