Some fellows,who either didnot applied or applied but sold at low price in grey market are hoping under price listing. Perhaps, they are not aware of wealth,income and EPS of coal India.It may list at any price above issue price depending on supply or demand on listing day,but medium and long term prospects of this Navratna company is very good.Expecting listing at below issue price of a NAVRATNA PSU will be a blunder.
Actually,market expected IPO orice around 300,but since the price is 245, it has become extra attractive. secondly FII quota is always lower in PSU IPO and FPO,so there will be heavy FII demand on listing day of Coal India,as FII could not get desired allotment.It can touch or even go beyond 350 on listing day. some time Coal becomes precious than Diamond.