Retail section as per NSE India website is subscribed: 80% ( 0.80 times) This is based on the cut-off bids and based on NSE price bids. Roughly calculated.
During R-power issue. QIB needs to put only 10% of the bid ammount.Now 100% so this time more money injected. now let us see what happen to secondary market.dn dn dn .... or up.. up.. up..!!!!
1420. Eagleye| Link| Bookmark|
October 20, 2010 4:29:49 PM
IPO Guru (6600+ Posts, 21900+ Likes)
COAL INDIA rumours heard QIB 22.11 HNI 1.38 Retail 0.79
REC OVERSUBSCRIBED 3 TIMES (Retail only 0.20 times)
REC GAVE GOOD GAINS AS RETAIL PORTION WAS NEGLIGIBLE.
ONLY IF ACTUAL RETAIL IS NEGLIGIBLE THE IPO WILL LIST WITH GOOD GAINS AS THE SYNDICATE WILL NOT SELL AT A LOSS AND CREATE MARKET FOR THE SCRIP.
COAL INDIA CAN ALSO MEET THE FATE OF sjvnl or NHPC or r-power wherein the retail subscription was good and the syndicate had a chance to compel the retail investors to sell desperately.
Dont follow total subscription figures... these number are to fool retail investors .... many people will withdraw on last day .. Aplly on ur own analysis and gut feeling
COAL INDIA till yesterday EOD overall subscribed 1.71X till today 4pm it is overall subscribed 10.39X ... QIB 19.86X OVERALL COLLECTION CROSSES Rs 1,42,400 crs.