Coal India Limited IPO Message Board (Page 111)

Finance Ministry wants to list Coal India after the closure of Powergrid IPO so that subs of Powergrid IPO is not effected by Coal India listing.

Retail Subscription will drop to 50% bcoz people are panic now and they will withdraw their application

This error in financials will result in delaying listing date...
means it will not list on 4th Nov...

Sincere advice to all..."Withdraw all ur application...."

The registrar has asked for the extension of the time limit for the refund for at least 15days for the following reasons and write a letter to SEBI and GOvt for the same
1.Withdrawal of the issue due to some technical problem
2. size of the issue
3 Diwali vacation
Note :-. any delay in taking decision for this will also to be added.

So forgot about the refund before Diwali.

PROBALITY OF LISTING:

1) >270 - 49%

2) LISTING IN DISCOUNT - 51%

AHMEDABAD GREY MARKET PREM. NOW SLASHED TO 28................ CHEEERS NOW WHO SOLD IT IN TIME NOT TO WORRY...

Dear CIL Investors,

""Coal India today issued a notice to investors, which essentially corrects one typographical error. The figure under 'accretion in stock' and that under 'other income' for the quarter ended 30th June 2010 got inadvertently inter-changed. So accretion in stock should read as Rs54.45 million instead of Rs31,945 million and other income should read the opposite. While the numbers seem huge, there is no change in total income figures or the summary statement of profit and loss.

In any case, it is clear that it was a tiny slip.

Stunningly, for such a minor error, SEBI has asked CIL to not only issue a correction advertisement, but also asked it to give investors an option to withdraw their shares for this correction. According to sources, SEBI was acting on a complaint received from an investor.

In ads issued today, CIL has said, "In view of the above kindly note that Bidders (including QIB bidders), if they so desire, may withdraw their bids." The request for such withdrawal will have to be made before 5pm today before the retail issue closes.""

Regards,
Vishal

As regards Coal India we may take some respite now.Next is Power Grid FPO. People like Setuji and others may give their viewes regarding what to do with Power Grid shares held now. This site may create a new folder for Power Grid IPO.

http://www.livemint.com/2010/10/21133153/Coal-India-investors-can-withd.html?h=A1"

So once again another company has goofed up resulting in delay in listing.It's high time SEBI imposed penal interest on these companies and make them pay interest to the applicants for delay.

RII Subscriptio as of 6:00 PM

BSE: 0.7286
NSE: 1.35
Total: 2.07x

Subscription Details: QIBs-24.7x ; NII-20.78x ; Retail:2x ; Employee-0.09x ; Total-14.56x (Combined Data for NSE & BSE)

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1.TOMMOROW HUGE STOP PAYMENT WILL TAKE PLACE AFTER THIS NEWS.
2.UNSUBSCRIBED SHARE OF EMP. WILL BE TRANFERED TO RETAIL(.35%)
RETAIL WILL DROP TO 1.5 AFTER THESE 2 EFFECT.

PREM TOSHNIWAL JI
IF WITHDRAWAL OPTION IS GIVEN,WHAT WILL HAPPEN IN CASE OF APPLICATION SOLD IN GREY MARKET.

at 6 pm,retail portion subscribed 1.75 times....against retail portion of 20 crore shares bids at cut off recd for 35 crore shares.....it is going to give very handsome returns to all those who have applied

If that Employee portion is not subscibed fully then will it get transfer to retail ?

1.7723 is the correnct figure in retail category ....cheers and grey market premium is 35 to 42 rs

150 to 160 per 1 lakh appln premium drop from 36 to 27-28 enjoy

TO BUY ALL RETAIL-HNI-EMPLOYEE

BUYING INVESTORS ON LISTING DAY NEED 8500 CRORES + 175 CR EVERY RS.5 OR 1750 CR FOR RS.50

THEY (QIB) JUST NEED 1.5 times subs amount

ANY GUESS WHAT WILL HAPPEN ON LISTING DAY.............!!!!!!!

DEAR BOARDER... PL GIVE THE SIGHT WHICH SAW DETAIL SUBSCRIPTION FIGURE ...NSE IS NOT BIFERGATE...PL HELP..SOME PEOPLE SAID RETAIL IS 1.96...IT SEEMS NOT CORRECT..NSE GIVE 1.52 AT 5 00 .PM FIGURE..WHERE IS HNI FIGURE...YAM BARODA... JAY SHREE KRISHNA