Coal India Limited IPO Message Board (Page 71)

Claris Lifescience Rs 250 -Rs 300 &

Gravita India Ltd Rs 120 -Rs 124 Date : 1-11-2010

PowerGrid Expected rate Rs 85-90 Date 9-11-2010

Hi Friends, Can any one explain the process of buy back?

2795. Anonymous

A very good question after loads of dirt posts on useless "will list on xyz"!

I've applied 200 shares so I'm assuming to get 100 shares (roughly)

What I planned is selling 60 shares at 300 (considering huge demand by worldwide investors and not many retailers selling, gmp and govt keen to sell future ipo/fpo 300 looks a confirm rate on listing day, however volatile it may be)

therefore 60x300 = 18000

my stoploss will be 200 for rest 40 shares (considering this becomes another rpower) so I'll sell them at 200 if it breaches.

therefore 40x200 = 8000

my cost for 100 shares will be 23250 and my selling price, if market goes volatile and share price drifts below, will be 18000+8000 = 26000 thereby giving profit of 10%!

If it doesn't breach 245, I'll remain invested in 40 shares FOREVER and enjoy dividends and keep a black diamond in portfolio.

Hope it helps other boarders too.

Hi @ 2787

During the Board meeting convened today by Coal India it is decided to fix the listing price at Rs275/Share and the targets are fixed at Rs 265 at the lower and Rs 285 at the higher end. What a terrible question you have asked????

I have applied for 50 shares at cut off prise. How many shares can I expect? Thanks for your reply
what prise GOM may decide?

I have applied for 50 shares at cut off prise. How many shares can I expect?

Thanks for your reply.

Is it sensible to sell off all the shares of CIL if it is allotted and listed on profitable basis?

anonymous 2785. ifyou have applied through ASBA, you have applied through dmat account. when you open the demat account for allocation of money, various items are shown towards which we allocate the amount as per need. however, somewhere it shows the entire amount outstanding in our account, including the allocated amount towards ipos. as such even bank account will show the whole amount as balance,without any deduction from the total amount towards coal application. This balance will remain throughout till the cil shares are allotted. actual debit entry towards the cost of shares allotted will appear when shares are allocated and the balance is credited to our account. I am not a canara bank demat account holder. I have in icicibank and do apply for ipos through icicidirect. I have just told as I notice such balances quite frequently in icici direct. The case of applying through theque is just different and I am sure you are aware that the cheque clearance will take some time as we generally apply on last daty, which was 21.10.10 and thereafter one working day and saturday and sunday. Sorry if I am not quite able to explain the way you want or to your satisfacion.

@2783
You will not get any shares as price is expected to fix at 245.
If you broker has applied for less shares @245 then you will get otherwise at 225 , there is no chance.

(CUT OFF PRICE SUBSCRIPTION)
63163644-5849500=57314144*35%=20059950+198965479=219025429
392048500/219025429=1.79
400/1.79=223 SHARE
OR
(ALL SUBSCRIPTION)
63163644-6174300=56989344 * 35%=199462704+198965479=218911749
458634025/218911749=2.095
400/2.095=191 SHARE ALLOTMENT

35 premium on monday 25/10 4:00 pm

listing around 280 285

no.2785 If your cheque is debited, your application will be considered , as if applied for 350 shares; and accordingly shares will be allotted . Rest of the money will be refunded as usual. So, no financial loss except that you will be alloted less shares.

SELL MY APPLICATION LATEST PREMIUM UPDATE

Last of the remaining cheques will be debitted on 26/10/2010. So, no need to worry.

WHAT IS THE LISTING PRICE OF COAL INDIA LIMITED ON 4TH NOV. AND ITS TARGET IN SAME DAY.

Full application to receive approx 212-213 shares

ABHI BHI CHEQUE DEBIT NAHI HUA HE,
SHAYAD KAL CLEARING ME AAYEGA.

KISI KA CHEQUE DEBIT HONA BAKI HE, FRIENDS?

THX

WHAT IS CURRENT PREMIUM ON SHARES.PLLLLLLLLLLLLLLLLLLLLLLLLLLLLl

Hi boarders
I applied manualy for CIL. First my broker asked me to give cheque for 98k. Then he changed to 90k. That is 400 x 225 = 90k. The next day I realized that my bidding was at the lower band and I approached the broker to revise the bid. He said he has used price options and I will get shares. Is it possible?

2781, U are telling the case in Demat account wt abt the case in Bank account ?? Canara bank ??

My account balance before ipo was 1 lakh, today it shows 1 Lakh balance though i have applied 98000 for coal india. I cant see any blocked amount of 98000 in canara bank may be thats hidden iam nt sure i have to check the bank ??