Coal India Limited IPO Message Board (Page 151)

the important question is as to who will buy coal india on listing when all would be selling

buy i have seen people (employee cil) submitting 2 forms 1 pink % another 1 retail white wala they told it will list above 320 and give good returns after listing

Qib are withdrwing the applications. Risky issue to apply.

1209
MR. GROVER BE READY INCOME TAX DEPARTMENT WILL GET U SOON THROUGH YOUR MOBILE NO.

One demat application available for COAL IPO. If anyone interested can reach me, BANGALORE

MINOR CAN INVEST

WHO WILL BUY OR INVEST 10000 CR OF COAL INDIA ON LISTING DAY?

WHAT WILL BE THE MARKET MOOD ON LISTING DAY (NEAR DEEPAWALI)?

THE INVESTORS INVESTING OR BUYING ON LISTING DAY, WHY WOULD THEY BAIL OUT HNI/RETAIL/E'YEES (LISTING GAIN INVESTORS)?

GOVT SHALL IS A MUTE SPECTATOR, THEY DONT SUPPORT THEIR COMPANIES PRICE (EG. NHPC, NMDC, SJVNL, NTPC)

COAL INDIA IS PRONE LIKE ONGC TO GOVT'S SUBSIDY SCHEMES. THEY HAVE ALREADY DECLARED THAT 5% OF PROFITS SHALL BE GIVEN FOR GOVT SOCIAL BENEFIT SCHEMES i.e. RE.1/- EPS.

COAL INDIA MANAGEMENT, EVERYBODY KNOWS, THE EMPLOYEE QUOTA SHALL NOT SUBSCRIBE.

COAL INDIA IS IN GOOD BUSINESS BUT IT IS A GOVT COMPANY.

THINK????

Hi, I am S.L. , Can a minor apply in Coal India Ipo ? Can i submit a application of coal india ipo of my son age 5 years ( Demat A/c. Open, Pan Card Issue & Bank A/c. Open also ) Please guide me. Thanks

In retail it will subscribe to 2 to 2.5 times.
Dont compare with Reliance Power as it has taken only 25000 on application.
Investor can invest in this issue for good listing gain.

http://www.nseindia.com/content/ipo/ipo_current_coalind.htm


ahmed

1      Qualified Institutional Buyers (QIBs)       284236398      164805250
1(a)      Foreign Institutional Investors (FIIs)            142354500
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            22448950
1(c)      Mutual Funds            0
1(d)      Others            1800
2      Non Institutional Investors      85270919      2210475
2(a)      Corporates            150175
2(b)      Individuals (Other than RIIs)            2057300
2(c)      Others            3000
3      Retail Individual Investors (RIIs)      198965479      15569000
3(a)      Cut Off            6834475
3(b)      Price Bids             8734525
4      Employee Reservation      63163644      44750

CAN ANY BODY TELL ME APPROXIMATE RETAIL SUBSCRIPTION OF COAL INDIA IPO.

Please refer current NSE bid details.QIB are withdrawing

grey mkt prem:7000/- per application

EQUITYMASTER WHICH WAS ACCURATE WITH ITS AVOID RATING TO SEVERAL RECENTLY CLOSED OVERPRICED IPOS DOES NOT FIND COAL INDIA VERY ATTRACTIVE
At the higher level of the offer price of Rs 245 per share, CIL's IPO has been priced at a multiple of 16.1 times its FY10 earnings and 11.2 times its latest EV/EBIDTA. The management has indicated a 13-14% annual growth in sales and a strong 25% annual growth in net profits over the next three years. While we see the sale growth number as reasonable, the profit growth estimates are on the higher side. This is especially given the environmental and pricing constraints that CIL faces, which have hampered its earnings in the past as well. We do not see the situation changing drastically in the future.
Even if we assume a 10% annual growth in EBIDTA and 15% growth in net profits during the period FY10 to FY13, and give the stock a reasonable valuation of 10 times EV/EBIDTA and 15 times P/E, the target price is coming to around Rs 320. From the offer price levels of Rs 245, this implies an average annual return of around 12% over the next three years. However, factoring in the 5% discount that will be offered to retail investors, the average annual returns over the next three years would stand at around 14%.
Even if one were to compare CIL's valuations with the US coal mining major Peabody Energy, these look reasonable and not very attractive. In fact, the market cap per tonne that CIL's IPO is commanding is more than twice Peabody's numbers. In terms of employee productivity, the company scores poor as compared to Peabody and Shenhua Energy of China (world's third largest coal producer).
CIL's comparative analysis
Parameters Coal India (FY10) Peabody Energy (CY09) Shenhua Energy (CY09)
Coal reserves (Proven, bn tonne) 10.6 9.3 7.4
Coal production (m tonne) 431.3 244.0 210.0
Sales (US$ m) 10,523 6,012 18,240
EBIDTA margin 22.1% 20.9% 38.8%
Net profits (US$ m) 2,138 448 5,441
Net profit margin 20.3% 7.5% 29.8%
Return on equity 37.2% 12.0% 21.2%
Debt/Equity ratio 0.1 0.7 0.4
Dividend payout 23.0% 14.0% 27.5%
No. of employees (thousand) 397 7 17
Coal production per employee (thousand tonne) 1.1 33.9 12.7
Valuations*
Current market price (CIL-Rs, Peabody, Shenhua-US$) 245 52 5
Price to earnings (based on TTM EPS) 16.1 25.9 19.3
Price to book value (based on latest book value) 6.0 3.5 3.4
Price to sales (based on TTM sales) 3.3 2.1 4.2
Market capitalisation (US$ bn) 34 14 16
Market cap per tonne of proven reserves (US$ bn) 3.2 1.5 2.1
** Valuations and related data for CIL assumed at a higher offer price of Rs 245 per share;
Source: CIL IPO prospectus, Peabody reports, Finance, Equitymaster Research
The biggest problem with CIL is that its management is expecting to do all the things over the next five years that it has never done in the past many years. Things like raising prices faster than in the past, raising the production of high priced washed coal faster than in the past, growing its sales and profits faster than in the past, and moving into international markets that it has not done in the past.
Based on the overall study of the pros (the company's large size and huge growth potential) and the cons (execution risks), we advise you to 'Apply' to the IPO. But this is only if you are satisfied with an average annual return of 12-14% over the next three years.
Anyways, let us make one thing clear here. Given the kind of euphoria that surrounds this IPO, there are big chances that the listing gains can be good (also as promised by the CIL chairman!). But we believe that you must not apply to an IPO, like you must never buy a stock, just speculating on short term returns.
Our view on CIL is from a long term perspective. The stock could become a strong 'buy' if it were to fall around 20-25% from its offer price over the next few months. But for the IPO, it is better to AVOID.
EQUITY MASTER

COAL INDIA me muh kala kara ke ghoomo.
Correction is already started.
sensex will dip up to 16400 and CIL up to 210...till Jan 2011...

only some listing gain is there around Rs.15-20 .....
COAL INDIA me muh kala kara ke ghoomo.......

Vinit soni buy 25 lakh shr coal india in grey mkt 28 rs prem

yaar dara rahe ho ya samjha rahe ho
seedha bolo coal me short term kitna profit hai

How much maximum share can apply in retail quota? apply with discount or not?

Eps 10, bookvalue 26, fairvalue 100, i think it is NHPC,NMDC,NTPC,SJVNL type issue.. And if listing time market will fall 400 point it will trade 150, coal mafia is big issue be careful other wise yot will lose .