At how much Rupees the Coal India Limited may list.
Ashmani Agarwal
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October 16, 2010 3:41:57 PM
Top Contributor (600+ Posts, 100+ Likes)
795. Anonymous
check nse site - ipo - forthcoming ipo - coal india which clearly state 1 lacs per app for retail is max allowed.
ymbol - Series COALIND EQ Issue Period Oct 18, 2010 to Oct 21, 2010[* For QIB bidders Issue closes on Oct 20, 2010] Post issue Modification Period 22-Oct-10 Issue Size Public offer of 631,636,440 equity shares of face value of Rs. 10 each Issue Type 100% Book Building Price Range Rs 225 to Rs 245 Tick Size Re. 1/- Market Lot 25 Equity Shares Minimum Order Quantity 25 Equity Shares Maximum Subscription Amount for Retail Investor Rs.100000 IPO Market Timings 10.00 a.m. to 5.00 p.m. IPO Grading IPO Grade 5 Rating Agency CRISIL Limited and ICRA Limited
It looks like retail will not fully subsribe. So if you apply max 400 shares the same will be allowted. In long term this share will be above 300 in short term it may list around 260~270
Every full application alotted shares will be 200 maximum subscription will be 2 times premium should be 40 per share After retail discount benefit will be 8000 per full application approx 21 crores shares for retailer it means 12 lacs full appli for two times subscription
Mr. Ankit Gupta,I appreciate your expert advice.....And please tell me how many shares one get in coal india application Thanks and tc Vicky Bansal(Delhi)
ankit gupta many people have shorted coal india in grey market so there is good chance for short covering and it a quality issue its not like rpower and pls dont compare it with rpower.......thanks regard
Well said and I totally support you for ur comments.
Guys we are blogging here to make money and always by blaming/criticising some boarders will defienately yield no results. I gained some money from Gujarat pipaval only from this blog and lost money in Cantabil only in this blog. That doesnt mean that i will blame my fellow boarders who have suggeste this scripts. I will always be accountable for my own decisions in either way it turns out.
I alway re-iterated the fact that we as a investor community will do maximum research and will still fail as always "markets are more smarter than intelligent investors".
So stop blaming/criticising others like school kids and inbuilt maturity levels in you and be free to share your ideas in this blog.
Every body here is talking about Grey market premium. However please let us know where we wil be able to get the details for the grey premium in the market