hi GEM, In coal india there are no ancor investors. Do you feel that "large funds" (domestic as well as FII) will be buyers on listing day. This is puerly aceadamic qtn ? regards milinds
I doubt this would give a listing gain. I think better t buy this from secondary market once it settles to some price. Due to hugh selling pressure of 30% retail this stock might come below issue price. Hence can give a buying oppurtunity. I will wait and buy once IPO euphoria will over.
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October 16, 2010 5:36:32 PM
Top Contributor (600+ Posts, 100+ Likes)
Savitha,
Coal India is not an IPO that someone should apply strictly for listing gains. It's a stock which is fruitful in long term horizon. It'll not only give you dividends but also returns on captial invested if you keep it say forever. Since CIL is already in big profits no denying that dividend yeild will be higher and will amount to anywhere from 25 to 30 rs an annum that is 10% of your share value. Like wise demand and supply will keep increasing your 245 rs per share value too.
Anyone who is looking just lisitng gains should avoid this ipo strictly. QIBs and LIC/Govt Insti won't pump in liquidity of around 5 thousand crores just to exhchange hands from retailers to themselves or keep stock value above thier buying price. Rather they will average out in panic selling pressure and get shares at lesser price! Everyday there is trade of around 1 thousand crore rs on average in delivery and this whole IPO is 15 times. So if even 10% of sellers sit to sell on listing day this IPO will tank diging deep holes in your pocket. So just don't blindly fill this for sake of listing gains but make it a must keep in portfolio.
You can buy this in secondary market on listing at lower price or go for 5% discount benefit and risk in IPO. I myself will skip personally and will buy on listing day whereas I've adviced my cousins who do not track market to fill in IPO.
i am planning to apply for this ipo. i want to apply through ASBA HDFC netbanking. i am not clear with what to fill in the following blanks. 1) DP ID (I Know this). 2) Name (Ex given HDFC Bank) what should i fill i have an acount in india infoline. 3) Beneficiries account.
I have just opened my demat account this year and only invested in risk free ipo's like Career Point, Engirneers etc and earned limited profit which i am happy with.
I am planning to invest full 2 application in Coal india. Can i expect any listing gains or if helf for another 3 months will i get any good returns. Request your honest comments