Coal India Limited IPO Message Board (Page 57)

Did any one got the coal india shares?

SKS Micro 1022- Strong Resistance 1110-1285 area.

Support 971-961-890 zone, 803, 595 or even below 300.

Buying in two instalments at 800 & 600 is good idea.

This IPO made rich the shareholders (Investment Bankers & P/E Investors) at the expense of the poor. Out of IPO of 1.67 crore equity shares, the sale of only 0.74 crore was fresh issue that will go for lending purpose while the rest i.e. 0.93 crore shares was offer for sale by different investors that directly went to their kitty. Most of them have recovere the entire investment and are still holding considerable shares in the company. No wonder, its Book Value (Networth) is whopping 7.52 times, but some PSU Banks RoE is better than this company.

How come the market will give such high book value despite its low RoE compared to few PSU Banks?

Grameen Bank charges an average 18.5% interest p.a., while SKS interest rate is as high as 28% p.a. This rate will further rise if we include the normal insurance & other processing fees levied before handing-out the cash. Even, private bank's unsecured personal loan hardly crosses 20% p.a.

JP Morgan expects to report an EPS of 48.4 for 2010-11 (up 80% year-on-year) and 73 for 2011-12. RoE to be in the range of 23 - 24% for FY 2011-13 up from 22% in 2009-10.

Most brokerage house have a NEUTRAL to BEARISH Rating. Motilal Oswal advises investors to buying the stock once it fall to sub-700 levels.

I think in the morning it will list around 260 - 270. may come down to 255 and then once QIB/mutual funds starts buying it....by EOD it can touch 290 - 300..

any idea that this stock can move to SENSEX listed stocks

3074 Ryan
nice calculation.....its since the issue closed i am collecting views from different points and the least nos are 185 whereas max nos are 242 .............so here i must say it is between 185 and 242.......

or lets c on 1st........

yes,this is true that lic has made application for around 14000 crores,out of which they will be allotted shares of around 600 crores only.......being the largest financial institution of nation,lic would certainly like to have a larger chunk of this company....if lic deploys even 50%of its application money in buying shares from secondary market,the entire retail portion would be cornered.....so just think of price of this share if that becomes realty

I applied 2 full applications @ cut off. one on my name & another one on my spouse name. I have sharekhan trading a/c with same DP. Now anybody pls help me out if I can sale my alloted share on listing day but how do I sell my spouse alloted shares on listing day.

350 is not far away now...

LIC has also bid for the entire Coal India initial public offer for Rs 13,930 crore via Application Supported by Blocked Amount (ASBA)

source:
http://www.moneycontrol.com/news/business/lic-books-rs-10000cr-profit-during-apr-sept-2010-sources_494955.html

sounds great... isn't?

@ 3077 - Jagdish

It depends whats your view - If for Investment, go for CIL.
It looks after touching high ( close to 325 ) on the listing day, definitely its going to come down, you can look to buy during intraday or close to mkt closing.

Afterall, If you get, 255 is not a bad buy for medium to long term investors..

Someone did analysis
OVERSUBSCRIPTION@1.789

LOT SHARES APPLIED SHARES TO BE ALLOTED
16 400 223

but as per experts opinion on 98000/- application one will get 185-190 shares

praveen jain

Coal india grey market premium Rs.37.50-38.

praveen jain

Please tell me those who have appplied 175 shares will be alloted how many shares ? What is a grey Market premium as on date ? How script will do from 1 year perspective ?

want to buy at listing may be at 255
Shoule i buy

Someone did analysis before...i am just pasting here

1. As per RHP, any unallocated portion of reserved category will be added to NOTP-Net Offer To Public.
2. NOTP comprises of not only NIIs and RIIs but also QIBs. Hence NOTP will be shares among them in the ratio 50%:15%:35%(QIB:NII:RII)

Now for calculation part:

NOTP 568472796
EMPLOYEE 57314144
TOTAL NOTP 625786940

RETAIL AVAILABLE (625786940*0.35) 219025429
CUT OFF APPLIED 392048500
OVERSUBSCRIPTION 1.789

Note this oversubscription is before technical rejections.So oversubscription is bound to fall after technical rejection and cancellations.So I have incorported other estimated oversubscription details also.


OVERSUBSCRIPTION@1.789

LOT SHARES APPLIED SHARES TO BE ALLOTED
16 400 223
15 375 210
14 350 196
13 325 182
12 300 168
11 275 154
10 250 140
09 225 126
08 200 112
07 175 98
06 150 84
05 125 70
04 100 56
03 75 42
02 50 28
01 25 NIL/BY LOTS


OVERSUBSCRIPTION@1.70

LOT SHARES APPLIED SHARES TO BE ALLOTED
16 400 235
15 375 221
14 350 206
13 325 191
12 300 176
11 275 162
10 250 147
09 225 132
08 200 118
07 175 103
06 150 88
05 125 74
04 100 59
03 75 44
02 50 29
01 25 NIL/BY LOTS


OVERSUBSCRIPTION@1.65

LOT SHARES APPLIED SHARES TO BE ALLOTED
16 400 242
15 375 227
14 350 212
13 325 197
12 300 182
11 275 167
10 250 152
09 225 136
08 200 121
07 175 106
06 150 91
05 125 76
04 100 61
03 75 45
02 50 30
01 25 NIL/BY LOTS

3064
SPICE ENERGY

VERY GOOD..

BECAUSE OF FOLLS LIKE U, WE WILL GET 1 -2 ADDITIONAL SHARES PER APPLICATION...

MAY GOD BLESS YOU...

THANKS...

Hi all,
Coal India RIIs actually oversubscribed 2.10 times (after adjustment of unsubscribed portion of employees), so everyone who applied for 400 shares, will get 190 shares each. What is the GMP of Gravita India Ltd., is it another BS Transcomm?

@ 3067 - Shree Ganesh

What is the logic of 173 for 400 applied?
What made you concluded this ?

@ 3071 - Rajvardhan -
You will be allocated 100 shares for sure.
{assuming the retail is over subscribed by 2 times {excluding incorrect applications + Incorrect Bid + Addition of Employee Quota }

I applied for 200 shares @245. how many i will get ?