Hi All, Quite a lot of us compare this with Reliance power IPO just because of the size of the issue. But Coal India and Reliance power are totally different in a lot of aspects. Coal India is rightly priced(or rather underpriced) compared to Relpow. Coal India has steady earnings and attractive FCFs compared to none when Relpow was launched. The PE for the company is just around 15 compared to current sensex PE of 30. So even if it doesnt reach on opening day(due to the size of the issue) the right valuation for this IPO is definitely atleast 300Rs.
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October 18, 2010 12:15:17 PM
Top Contributor (600+ Posts, 100+ Likes)
The last message was not posted by me. I'm not stupid that I don't know issue of 15000 crores will get subscribe within an hour or not. It'll overall subs 2 times by last day is my assumption. Please don't follow that post made by some imposter.
Apply it will list above rs 300 its a production company not like r.power...., retail cat. can invest upto 1 lacs, for asba you have to apply through your account using online banking