sj in his report says that he will buy this share at 3 to 4 pe in the correction.He will not get this shares in this life he has to take birth again to buy coal India shares.This is the problems with the brokers when they say that there is clear chance that retail will earn money in ipo so they misguide the investors and engage him in secondary markets activities so that get dealings for transactions.they do not want their client to block their money in ipos.
I ONLY FEAR THE PREDICAMENT WHEN EVEN PAN WALAS APPLY FOR COAL INDIA. TILL DATE PANWALAS HAVE NOT PROFITED FROM THE EUPHORIA. MAY GOD GIVE THEM THE CHANCE THIS TIME TO PROFIT FROM THE MARKET. LET COAL INDIA ENRICH RETAILERS (26.22 CRORES) AS FOLLOWS :
AT 5% PROFIT 24.50 X 26.22 642 CRORES
AT 10% PROFIT 36.75 X 26.22 964 CRORES
AT 15% PROFIT 49.00 X 26.22 1285 CRORES
NOW 1285 CRORES IS VERY SMALL AMOUNT FOR THIS GOVT AND I FEEL THEY SHOULD LET DII HOLD THE PRICES SO THAT RETAILERS SHALL ALSO HOLD ON TO COAL INDIA AND SEE THEIR PROFITS GROW ON PAPER.
'DEFINITELY SURE' AND YOU ARE NOT SURE OF ANYTHING.
ISSUE IS STILL OPEN AND YOU ALREADY WANT ALLOTMENT, TRADING AND PROFITS. WHY DID YOU NOT ALSO ASK AS TO WHAT IS THE PROFIT YOU WILL GET ON LISTING DAY.MAYBE BECAUSE YOU ARE SURE OF THAT.
AT 3'O CLOCK ICICI ONLINE IPO APPLYING/ASBA WINDOW WILL CLOSE. OTHER ONLINE TRADING PLATFORMS ENABLING IPO SUBSCRIPTION WILL ALSO ALLOW MODIFICATIONS TO THEIR APPLICANTS TILL 3 PM OR 2PM DEPENDING ON THE BANK.SBI UPTO 2PM ONLY.BUT ONE CAN APPLY FOR 5 DIFFERENT DP IDS AT SBI. ONLY THEN WILL THEY BE UPLOADED TO NSE/BSE. ONCE THAT IS COMPLETED THERE IS A POSSIBILITY OF AN INCREASE IN THE NUMBER OF APPLICATIONS FROM RETAIL CATEGORY. WITH ALL THIS THE RETAIL SUBSCRIPTION CAN CROSS 2 TIMES BUT NOT MORE THAN 2.5 TIMES. CONSIDERING THAT 19,89,65,479 SHARES ARE MARKED FOR RETAIL, IT IS VERY HUGE. 19 CRORE 89 LAKH SHARES FOR RETAIL ALONE.PLUS A FEW MORE LAKHS FROM EMPLOYEE QUOTA TRANSFERED TO RETAIL. HUGE NUMBER IS AN UNDERSTATEMENT.
AND HOW MANY WILL WANT TO HOLD IT FOR LONG TERM IS ANYBODY'S GUESS.
SO ALL RETAIL GUYS THINKING OF MAKING A QUICK MONEY TAKE A RELOOK!!
SOME WISE GUY HAD WRITTEN THAT COAL INDIA EMPLOYEES ARE NOT SUBSCRIBING AND THAT IT DOES NOT SHOW THEIR CONFIDENCE IN THEIR OWN COMPANY.
PLEASE REMEMBER THAT LAKHS OF CIL EMPLOYEES ARE THE COOLIE TYPES. EVEN THE WHITE OR BLUE COLLAR EMPLOYEES ARE NOT USED TO OWNING SHARES LIKE YOU AND ME.EVEN WELL PAID MINING ENGINEERS WILL NOT BE AWARE OF OPENING DEMAT ACCOUNT,APPLYING FOR IPO AND TRYING TO MAKE SOME PROFITS.THEY NEITHER HAVE THE INCLINATION OR TIME TO BE GOING THROUGH CHITTORGARH AND LOOKING AT MINUTE BY MINUTE SUBSCRIPTION LEVELS AT BSE AND NSE WEBSITES. LET THEM DO THEIR WORK AND WE OURS.LET'S NOT WORRY ABOUT THEIR NOT APPLYING AND TRYING TO READ BETWEEN LINES. SO TAKE THE EMPLOYEE QUOTA SUBSCRIPTION WITH A PINCH OF SALT. MAKE YOUR OWN ASSESSMENT AND NOT BE SWAYED BY EMPLOYEE QUOTA.