Coal India Grey Market Premium 32 per share or 5200/- per application of 400 share of Rs.98000/- asp per CNBC AWAZ Today 671300000 share IPO Retail will alloted 200 share of 400 share application as per S.P.Tulsian so see profit 200x44=8800 as per Grey Market [Retail Discount 5% = 12 + 32 Greymarket = 44] As per Grey Market Profit 8800-5200=3600 Per Appliation.
You have to apply at 245 only. Once the allotment is done and refund is sent back to you, the company shall give the discount and send you the balance amount. In case of ASBA also the amount shall be released after adjusting the discount. So at the time of applying you have to apply at Rs. 245 only
All Ipo is going down agst its issue price every one was saying that Ashoka Buildcon will give handsome return but dip in red also coal india will sweape the retail investor money becase the equity size is very very big every body will sold after listing . Beware from Coal india every borker or investment house will say that IPO of Coal India is good but not reseaon the govt. presseure
Oops gues my english was wrong....it shud have been any one intrested in purchasing coal india application little below Kotak Rates can plz contact me on 9819785649. Thxs
I have got Coal India ASBA application with me. It is confirmed here that maximum application for retail is 1 lakh only and not 2 lakhs. No confusion now, friends.
Issue is recommended for investment, even at the upper price band of 245 per share. Retail investors, those who want to play safe, can sell their application at a premium, which is now ruling at Rs. 3,700, for application of 1 lakh. Those who are applying for 1 lakh, can expect an allotment of around 200 shares. This is likely to give a gain of about Rs. 4,800, considering discount of Rs. 12 per share and grey market premium of Rs. 12 per share, prevailing now.
Book Running Lead Manager(s) 1. Citigroup Global Markets India Private Limited 2. Deutsche Equities India Private Limited 3. DSP Merrill Lynch Limited 4. Enam Securities Private Limited 5. Kotak Mahindra Capital Company Limited 6. Morgan Stanley India Company Pvt Ltd
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