Coal India Limited IPO Message Board (Page 56)

@Juan
Thanks for the information

Breaking News.....Breaking News.

Coal India Limited - To know your allotment status quickly... please do visit us at http://coalindia.linkintime.co.in on 30 October 2010 - 6 pm onwards

i am investing in ipos for almost 5 years except for few exceptions most of the ipos on listing day gives return = percentage hni quota oversubscribed. in career it was 100% in cil its 15%

Smoking Hot News
Coal India Limited - To know your allotment status...
Please do visit http://coalindia.linkintime.co.in website
on 30 October 2010 - 6 pm onwards

coal india ka allotment 2 november ko aayega.

Amount will be debit on Monday (using ASBA) & Allotment done on MONDAY Late Night (i.e..,01/10/2010).

What is likely allotment date ?

Investors with ASBA can check their account at 4:00 PM on 29/10/10 for debit entry .

Reliable sources from Intime spectrum

Any confirmed news abt date of allotment of Coal India ?

3 Reasons why you should buy more Coal India Stock

Coal India is the largest coal producer in the world and it is unique and there are no comparable companies listed on the stock exchanges in India.
Coal will continue to be the prime source of energy in India over the next 50 years. So, Coal India has good prospects of increasing its profitability in the coming years because coal is limited resource and the prices of coal can only go up.
Coal India could one day be included in the sensex and the nifty indices because of it’s unique nature and foreign investors will continue to accumulate the stock.

Coal Prices peaked in 2008 before cooling off substantially, but are slowly rising again.

Coal India IPO Shares – Listing Analysis
October 28, 2010


Many big mutual funds and foreign Institutional investors did not invest a big amount in the Coal India IPO as they were not sure of getting full allotment because of the high over subscription levels of more than 15 times. As most institutional investors have to invest 100 per cent of the application money as per SEBI norms, many of them didn’t want to take the risk of refund.The retail subscription of Coal India was oversubscribed by 2.31 times. So most retail investors will not be able to get full allotment.

All these investors are now expected to buy from the secondary market on the day that Coal India will list. This is expected to drive the price of Coal India shares to more than Rs 300 which will translate into gains of 20-25 % over the issue price of Rs 245.The grey market premium for Coal India is currently hovering in the narrow range of Rs 30-35.

Coal India IPO Allotment Date: Coal India’s shares will be listing on the 4th November 2010 and the alloted shares are likely to be credited to demat accounts from the 1st November

Coal India IPO expected listing price

The listing date of Coal India has been finanlized to 4th November 2010 which is a thursday. The alloted shares are likely to be credited to demat accounts only from the 1st of NovembeR

The government on Monday fixed Coal India’s (CIL) initial public offer (IPO) price at Rs 245 per share, the upper end of the range.

Retail investors will get a five per cent discount, that is, shares will be allotted to this category at Rs 232.75 a share.

India’s biggest share sale received 17 times subscriptions, or $55 billion, as investors expect to make quick returns on expectations that it may trade at a 20-25% premium to the offer price, based on the grey market transactions.

Men, like the 28-year-old Raj Wadhwa in New Delhi and software engineer Gaurav Prakash from the same city, are borrowing from banks to bid for Coal India shares to profit at the time of listing.
What they don’t factor in is that if the market tide turns as it happened in the case of Reliance Power’s share sale in 2008, they may sink with the stock leaving them servicing the debt from salary which could cut other discretionary consumption.

“Some people bet on the hope that the government issue will not upturn their calculations but you should realise it’s not only the fundamentals of the company which determine the stock market play, but also the market conditions,” said Vikas Vasal, personal finance expert and partner at consulting company KPMG.

The IPO from the world’s largest coal producer has ignited such investor interest that from institutions to individuals, many are emptying their bank balances and borrowing to get the allotment. Although this is the biggest-ever share sale, attractive pricing and expert opinions that the prospects for short-term profit is bright is leading to a rush.

Engineer Prakash, who is investing borrowed money in the share sale, is confident that he would profit since state-owned companies are fundamentally sound and that some risk-taking is essential to get rich.

“The interesting bit here is that you can be sure of public sector companies which are coming out with offers,” says Prakash. “Risk toh spiderman ko bhi lena padta hai, (even spiderman has to take risks).”

Although investors have profited by buying shares of carmaker Maruti Suzuki and utility major NTPC, others such as the miner NMDC’s follow-on offer and NHPC’s were disappointing.

Bankers say that there is a sudden surge in the demand for personal loans, some of which may find its way to the stock market.

“There has been an increase in personal loans and that’s why we have increased it to 24 times the salary of the loan seeker from 18 times,” says an executive at India’s largest lender State Bank of India (SBI) who did not want to be identified. The tenure has been increased to 5 years, from four years.

Some recent successes have also boosted the investor optimism. Mr Wadhwa who earns Rs 50,000 a month selling insurance policies has taken a Rs 5 lakh loan from SBI to bid for the Coal India issue. After making a profit this year in the share sale of Jubilant Foodworks, which has more than tripled from the IPO price, Mr Wadhwa is sure that there’s no money-making if one doesn’t take risk.

He assumes that the shares would debut on November 4 at around Rs 280 a share, a 21% premium, after the prices are fixed at the top-end of the Rs 225-245 price band. Retail investors may have to pay Rs 232 a piece due to the declared 5% discount.

“Now here I am playing very safe and hoping for only 40% allotment, which means I will be effectively investing Rs 2 lakh in this IPO,” says Mr Wadhwa who wrote multiple applications in relatives’ names.
Although these calculations appear rosy, the reality may turn as it is more driven by human emotions rather than mathematical formulae

DOES ANY BODY GET SHARES. ?
IF YES HOW MUCH ?

DEAR GAMA

YOU ARE NOT CALCULATING CORRECTLY..

MARK MY WORDS YOU WILL GET 195 +/- 2 SHARES FOR 1 FULLY PAID APPLICATION.

I m calculating according to Red Herring Prospectus read with SEBI(ICDR) guidelines. I dont know what assumptions are experts taking into account.

@3076. BDMP JAIN/PRAVEEN JAIN

Experts are not taking into consideration the unsubscribed part of employees. Hence their calculation is 185-190 but what I feel that they are also considering the technical rejections. At cut off retail investors are subscribed @1.97 times(before technical rejections). Hence @1.97 times the minimum quantity shareholders will get are as follows.

LOT      SHARES APPLIED      MIN.SHARES TO BE ALLOTED
16      400      203
15      375      190
14      350      178
13      325      165
12      300      152
11      275      140
10      250      127
9      225      114
8      200      102
7      175      89
6      150      76
5      125      63
4      100      51
3      75      38
2      50      25
1      25      BY LOTS

No one will get less than this that is for sure. One can make a range of max and min. quantity according to my previous posts the same pasted by 3072-Ryan Giggs.

I JUST WANT EVERYONE TO STAY CALM. IN 3-4 DAYS ALLOTMENT WILL BE OUT SO WHY WORRY!!!!

CURRENT JAIPUR GREY MARKET FOR COAL INDIA...36 PREMIUM...(STRONG BUYERS).....

SOME RETAIL CASH BIDS ARE @ 245, FOR ABOUT 40000000 SHARES SO THESE APP WILL BE ALSO COUNTED FOR ALLOTMENT

We will get share on Saturday or on Monday.

180 - 195 SHARES.