nse 227720575+bse160286625 total388007200 tiil now about two times in retail investors may withdraw till 25-10-2010 due to mis-statements in financial statements as per Z- BUSINESS CHANNEL
Expected subscription in employee quota 0.12 times. Hence approx. 54,000,000 shares in employee quota to remain unsubscribed. These will be equally shared among other 3 catogory. As a result 18,000,000 shares(9% of 198,965,479) to be added in retail quota.
Now with exact 2 times subsciption each retailer would have got 200 shares. But with this additional shares in retail quota with the subscription of 2.2 times we could expect 200 shares.
Ratio to be 100 shares for every 1.1 times subscription.
it means A follow on public offering (FPO) is when an already listed company makes either a fresh issue of securities to the public or an offer for sale to the public, through an offer document. An offer for sale in such scenario is allowed only if it is made to satisfy listing or continuous listing obligations.
The problem is not that being as much it is being hyped infact the correction of the problem should act as a positive trigger for the CIL stock.Dont exit this stock.you will get a good exit price in 7 days from listing as market will touch new high onle after CIL listing.Enjoy
As IPO was 2.2x over subscribed, so every one gets alloted shares less than half of their application. Example- If one subscribe for 100 shares then they will get 35-40 shares.
Coal will goal to Rs.400 on listing day, It will be biggest gift by Goverment, never ever miss this oppurtunity. COAL WILL ROCK TO SKY LIC,Pension Fund, MF,FII all have to cover atleast 2 to 3 % of their portfolio in COAL India. This fight will drag the price to around Rs.400
coal india.....i suggest u all not to sell on immediate listing .....u pl better wait and sell near 300 - 320 level ....which iam expecting on diwali mahurat trading....happy diwali...............
Frankly speeaking from last 1 hrs, i read all the comment related to CIL, some say good, some say bad, even some say negative things like "Rpower ki tarah do dalega", some are like it will be floring half of rate on listing date...
I wanted to say you all readers that dont worry at all, this is one of the biggest & best IPO of india, even foreign investor are still waiting to take this more, so dont worry at all, n dont think negative after reading any negative news n all..
As per fundamentally it will surely open aroung 300-315, as the size of the ipo is huge, and i am pretty sure that the selling will surely come but i think here operator will surely play their role to maintain the price near about 300-325, so dont worry & dont sell in hurry at the time of listing...
One last thing, that this ipo will prove govt, bz this is first time govt is divesting, so they will surely some positive sign on listing day.
i had applied for coal india ipo. i had filled an application for 49000 i.e for 200 shares can anyone tell me how much shares i will get in this ipo. i am little bit confuse because i had applied first time for ipo