Retail portion as per my calculation will be around 3.5 to 4.5 Lot of margin funing done by the banks and NBFCs. This will reflect tomorrow after 1-2PM. The money that is landed will cause major problem for secondary market on monday.
@1483, Obviously, Coal India cannot go 16 times in Retails. You can consider it as "Majak", however I was just putting figures to explain. I also, suggest that it is 1 time.. Anyway, a practical figure would be 3 to 5 times.
If you apply for 400 shares i.e. 16 lots, you are guaranteed to get 1-lot ( 25 shares). If you apply for 200 shares -- 2 application... Then, it is likely that you either get about 12 shares in each of the application Or you get 1-lot in each of the application OR you get nothing in both the applications.
Case-2: Retails section goes 1-time ( 100%)
Whatever you apply, you get it.. i.e In any case you get all 400 shares.
Case-3: A practical case of say 8 times. Again, based on the Basis of allotment, it's your fate that how much share you get. If you bid only a single application of 400 shares -- you are guaranteed to get some shares. If you bid two applications of 200 shares each, then it's your luck..You may get some more shares, which you might have got in a single full application. However, you might get NO-shares, if you are unlucky.
So, to guaranteed allocation - I would suggest you to go for a single application of 400 shares.
Good price fixed by Govt. of India, Coal india is a good company. Dont think like R Power, bec Coal India is running company and 9000 crore profit making company. World 1st No. mfg company of coal. If some one remember that Coal India coming previous at price of 800 - 850. But due to some FOP failed like NHPC,NMDC, EIL gove. decided to this wrong for retail investor. So Govt. Happy Diwali to all retails with Coal India Ltd., Remember me on 4th nove. when listed at price 300. So wish you happy diwali to all retails. Dont believe any chartist.
Total Issue Size 631636440 Total Bids Received 6569038175 Total Bids Received at Cut-off Price 80574775 No. of times issue is subscribed 10.40 Graph Logic
631636440 100% BSE Bid Quantity Bid figures are inclusive of optional bidding quantity 756473750 119.76%
Returned after holidays. Made small profit in Oberoi as I did not go fully. The response Coal India getting is very good and retail investors can feel happy about it.