Total Issue Size 631636440 Total Bids Received 1449133900 Total Bids Received at Cut-off Price 46601675 No. of times issue is subscribed 2.29
As on 20-Oct-2010 12:45:03 IST in NSE
Still 1 day and 4 hours of trading left... It will subscribe atleast 5 times till tomorrow... Huge subscription : Total bid recieved in rs. 8 Billion Dollar... One of the largest bid recieved so far in indian ipo history..
FOR ATTENTION OF 1365 BROKERS ARE INTERESTED IN GETTING THE ISSUE SUBCRIBED TO GET THE SUBCRIPTION COMMISION OF RS.5-/- TO RS.10/-PER SHARE THEY ARE GIVING ASTRONIMICAL LISING GAIN FIGURES TO LURE INNOCENT PUBLIC UNFORTUNATELY THEY DO NOT HAVE TO LOOSE ANY THING WHICH A RETAIL SUBCRIBER MAY LOOSE COMPARE THE PRICE OF PETRONET OR SAIL WITH THIS AND YOU WILL GET A LISTIUNG IDEA
PRESENT TREND SHOWS COAL INDIA ISSUE STAND SUBCRIBED IN FULL BUT UNFORTUNATELY THERE MAY NOT BE ANY LISTING GAIN HOW EVER THOSE WHO WISH NOT TO SELL AT DISCOUNT WILL HAVE BLOCKED MONEY
You have qoted correct figure. We should not apply much. dont be too greedy in applying in lots. its better to apply not more than 2-3 lots. full application apply karne mein jyada risk hai..agar pura mil gay aur list niche hua to sabki pant khul jayegi.....
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October 20, 2010 12:30:08 PM
Top Contributor (600+ Posts, 100+ Likes)
1356. Anonymous
employee quota wont fill even after they are getting 10% discount and free demat from bankers. it is because the worker unions of cil are against disinvestments and had issued vhip to it's employees not to subscribe in ipo.
Trade unions are controlled by left parties. They have always opposed IPOs. I come from PSU banking sector background. Trade unions had given boycott call for PNB IPO at 31, Canara IPO @35,etc. Now it is up to the employees belive trade unions or check the history. There is also a factor of " GHAR KI MURGHI DAL BARABAR"
QIB investment in Coal India at Rs.245/- is 28.42 crores shares X 245 = Rs.6963 crores.
If there total Equity investment in India is 350000 crores this comes to 2% in a single company COAL INDIA. Why would they increase exposure in a single company unless they have a cheap buying for short term gains.
Unlike private companies, Govt is not going to attract them with any assurances of future working or profitability. Even the prices of Coal is monitored by GOVT like in the case of ONGC. The company has the disadvantage like ONGC, IOC, BPCL, HPCL etc of Govt playing with the actual profits (transfering profits to subsidy account)
Beaware and don't have higher exposure so that you are desperate sellers on listing day. Invest only that much which you can hold on in the case of bad listing.
The first aim of Investment is safeguard of Principal Amount and the second aim is to earn.