Coal India Limited IPO Message Board (Page 140)

118.70% + 9.21 = 10.4 * 15475crore 160940\= crore

DISCOUNT WILL BE REFUNDED, MAX APP FOR 400SHARES@245.00 FOR RETAILERS

Retail portion 1.822 %

IF YOU WANT MAKE PROFIT THEN U SHOULD INVEST IN THIS IPO IF NOT BELEIVE THE WAIT ON 4TH NOV 2010 YOU WILL SEE.
BY RAM BHAWAN

Kolkata (IANS) - Coal India Limited (CIL) sees the reserved employees quota of one percent of the total initial public offering (IPO) of 10 percent that opened Monday would remain mostly unsubscribed.

"Employees' responses have been influenced by the attitude of the trade unions. The trade unions have been dithering. This is a level with which we are not very happy because in this kind of a process the participation of employees is highly desirable," Partha S. Bhattacharyya, chairman and managing director, told at a press meet here.

There are five recognised trade unions in the company- Indian National Trade Union Congress, Centre of Indian Trade Unions, All India Trade Union Congress, Bhartiya Mazdoor Sangh and Hind Mazdoor Sangh.

"Certainly it (subscription) will fall short. It was calculated 50 percent of the employee will subscribe to 50 percent of the amount," he said.

Bhattacharyya said initially the trade unions opposed disinvestments but after confirmation from the finance ministry four trade unions gave the nod.

"Now suddenly again started talking about strikes," he said.

He said the company had to list itself in the bourses after it got Navaratna status to hold on to that status. "It is with that perspective we have planned the IPO."

Bhattacharyya also said the employees of all the subsidiaries can also subscribe to the IPO. "Around 400,000 employees of both CIL and its subsidiaries are entitled to subscribe it," he said.

He said at present Bhartiya Mazdoor Sangh and Hind Mazdoor Sangh are creating problems, which is leading to under subscription of the employees' quota.

The unsubscribed shares of the quota would be distributed among the retail, high networth individuals and qualified institutional buyers.

The price band of the CIL IPO is fixed between Rs.225 and Rs.245 per share. The offer will close Oct 21.

Bala, Chennai.

What is price band to apply for this IPO? Whether to go for 5% discount price Rs 233 x 425 shares = 99025 Rs or
Cutoff price Rs 245 x 245 = 98000 Rs.

Please help me on this.

No. of times issue is subscribed      9.10
Graph Logic
BSE Bid Quantity
Bid figures are inclusive of optional bidding quantity       691372750       109.46%      


10.12 timeeeeeeeeeeeeeeeeeeeeeee

@1425 : Maximum 400 shares we can apply and amount is 98000/-. Discount amount we will get back after allotment.

BSE PORTAL FOR COAL INDIA AT 3.20 HOURS NOW SHOWS SOME SERIOUS WITHDRAWALS WHICH IS NOT PROPERLY UNDERSTOOD MR. RAVI PLEASE CHECK AND GIVE COMMENTS THANKS

unbelievable, more then 8 times subscribed total.

You can apply for 425 shares @Rs. 233/- apiece for Rs.99,025/- in the retail category & may be get a little higher allotment.

Total Issue Size      631636440
Total Bids Received      5748737075
Total Bids Received at Cut-off Price      62608500
No. of times issue is subscribed      9.10
Graph Logic


Issue Size       631636440      100%      
BSE Bid Quantity
Bid figures are inclusive of optional bidding quantity       458365550       72.57%      
10 timeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

1420 as per OVERALL COLLECTION CROSSES Rs 1,14,000 crs
this amount out of market so market will be bloodbath in 21/10 to 9/11 care full please do not buy

COAL INDIA
till yesterday EOD overall subscribed 1.71 X
till today 3pm it is overall subscribed 7.99 X
... QIB 15.83 X
OVERALL COLLECTION CROSSES Rs 1,14,000 crs

whr can we check subscription figures for separate entities like QIB - xx%, Retail - xx% ???
on the nse website they show a consolidated subscription ...!!!???

21/10/2010 to 9/11/2010 market down nifty 5550 target
so thnik coal india listing will be discount definetaly
5 times subri so 75000 craor rs ount in market so market will be down only seller no buyers correction start 2/3 days 21/10/2010 after bloodbath hoga

1406. Anonymous

Agree. Subsciption alone cannot be criteria. However, valuation appears reasonable unlike NHPC, NMDC, NTPC FPO etc.

It has shown profit growth of 34% CAGR from past four years. Utility companies are trading at 20x, but Coal India offering at 16x........ Brokerages have some story to tell.

You have 5% discount as cushion. Even assuming that market tanks dramatically at the time of listing, we have chance to exit without getting hit.

I am not advocating anybody to APPLY. But, I am applying.

Till 3 pm,

DOMESTIC INSURANCE COMPANY PUT $5.98 BILLION, Rs 26565 Crore

FII PUT BID WORTH $ 19.66 BILLION, Rs 87422 Crore

Mutual Fund PUT BID WORTH $ 1.08 BILLION, Rs 4815 Crore

QIB TILL 3 PM IS 17.09 X

Stunning subscription for IPO of this size!!!!

Regards,
Vishal

COAL INDIA LIMITED - NSE Bid Details                        
Updated as on 20 October 2010 at 1500 hrs                        
Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category
1      Qualified Institutional Buyers (QIBs)       284236398      4499166350      15.83
1(a)      Foreign Institutional Investors (FIIs)            3313357025      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            1011408425      
1(c)      Mutual Funds            167732025      
1(d)      Others            6668875      
2      Non Institutional Investors      85270919      51300525      0.60
2(a)      Corporates            25381850      
2(b)      Individuals (Other than RIIs)            21862300      
2(c)      Others            4056375      
3      Retail Individual Investors (RIIs)      198965479      92317325      0.46
3(a)      Cut Off            58892850      
3(b)      Price Bids             33424475      
4      Employee Reservation      63163644      870475      0.01
4(a)      Cut Off            785350      
4(b)      Price Bids             85125      

At 1407,
Eros is Rs 350 crore issue subscribed 26 times by QIB
Coal India is rs 15,500 crore issue subscribed 12 times by QIB

To me it is no comaprision. I will let you do the math.
As I would agree to one thing that over subscription in no way guarantees a listing with premium.