Hi there - waht is the CDSL Beneficiery DP A/C number of Coal india Limited ?- i am trying to subscribe through online SBI - ASBA option. In order to complete the application through online SBI, i need NSDL DPID & Client ID (OR) CDSL Beneficiery DP Account nummber - please help - AMG
Apply for this share, may be you will get good profit or may be you will get no any profit but good point in this share is that here is no any lose in this share for retailer because we are getting 5 % discount.
BROKERS SUGGESTION IS PERHAPS BASED ON THE SUBSCRIPTION COMMISON THEY WILL GET BUT ET IS NOT GETTING ANY COMMISON SO ITS VIEW MAY BE TREATED IMPARTIAL.
IAGAIN REPEAT THOSE WHO WANT TO GAIN IN COAL INDIA SHOULD WAIT FOR LISTING PRICE OR INSTEAD OF APPLYING BUY PETRONET OR SAIL FROM MARKET TO SAVE THE INVESTMENT AMOUNT FOR GETTING BLOCKED FOR MORE THAN TWO YEARS AT OFFER PRICE
If anyone form Bangalore is interested to apply in my trading account. I dont have money to invest in this IPO... Srinivasan
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October 18, 2010 1:10:56 PM
Top Contributor (600+ Posts, 100+ Likes)
979. RaviS
Coal India is no different than RelPower on listing day as the hype it has created made people greedy to bid as much as they can and when all will come to sell who will dilute those shares? 5 thousand crores worth shares to be sold by retailers to make quick money but who will buy? As I or you or anyone will apply in IPO and will surely get enough allotment that no one will look to accomdate in protfolio by buying from secondary market. Market runs on basic economics of demand and supply. If I bid at 250 on 4th nov, listing day and there are say 21231231 shares on 245, those who are happy with 5% discount, 323122113 on 240 those who are happy with anything, 482120211 on 235 those who are ready to bear loss, in that case I'll also cut down my bid to get out of this share. Since it's of huge quantity, pnic sell will increase multifolds.
Don't go by brokers reports or analysis as they all have vested interst. 1st they will get new demat clients than they'll get AMC, monthly charge, stamp fee, brokarege on selling CIL.. All at cost of buliding castle in air called Coal India.