Retail bidders expected to get around 191 shares @ 233(after adjusting 5% discount to retail). With assumption of listing price at around Rs. 294. A full retail application is expected to fetch between 11500 and 12000 ! Happy Diwali :)
Increasing Limit to 2 lac is not in a favour of Retail Investors...rather in this case if some is applying to 12-15 lot will not get any shares...now if a person apply more than 1.5 lac only will be alloted not small investors ..
application grey market rate should be 11500-12000/per application. share should be touch 325 so retail investor will get profit of around 80/share. many people sold their application be ready for blast
Limit of Retail Investor increased as Governemnt is coming up with Huge FPO/IPO. It is really not in interest of Retail Investor as actual retail investor will get no allotment from IPO. Pls opposse the step of SEBI
AS PER SPECIALIST THAT ALLOMENT OF RETAIL INVESTER IN COAL INDIA LTD 212 SHARES (LAKH) ALL EMPLOYEES CATEGORY WILL BW TRANSFFERED TO RATAIL CATEGORY DUE TO 5% DISCOUNT ON EMPLOYEE & RETAILDISCOUN 5 % SO ALL DISCOUNT SHARE WILL GO IN DISCOUNT CATEGORY...........
it will list bat 283 and goes up to 320-325 in day an closed around 300-310. but for 3 to 4 months it will reach at 360-380. hold it if you do not need money immediately.