Subscription forms from retail investors kept pouring in well after the official close of Coal India’s initial public offer — the country’s largest so far — forcing lead managers to extend the time limit. It was last extended to 1 am on Friday, seven hours beyond the original deadline.
The last day of the issue saw a scramble among retail investors to participate in the IPO. The deluge of applications on the closing day saw the retail portion being subscribed 2.32 times (it was 0.8 times on Wednesday) till 10 am on Thursday. CIL employees, however, missed the bus as their quota saw only 0.1 per cent subscription till 10 pm.
Mr Gama @ 2276: Your Suggestion is useful. I opened my Order Book and found Revision button. Of course, I didn't press or click. Somehow this facility escaped my attention. Thanks for sharing your knowledge with Co-Borders
When another IPO opens, for trial purpose, I shall first apply for minimum lot and then revise or cancel for full knowlede and information to make use of it when actually needed.
Any way, do you have any idea about time limit upto which we could revise our application
I did one survey for COAL INDIA IPO. I have included 25 technical and fundamental annalist and their view and Listing price target. At lat I found that 25 out of 25 said "YES" to this IPO and the lowest listing price target was Rs. 275 and Highest Listing price was Rs. 325. Everybody has given 1 year price target of 350+ to 400+ for this stock. So, my dear friends don't worry this issue will give good returns. At-least 20 % on the day of listing.
Everyone is playing game here! Every time before investing pls study the company financials and act accordinly..For Coal India listing price will be 300 plus!!!!!!!