if we enter into the coal certainly some coal will fall on us. it may list about 155 - 160, if sombody wants to withdraw his applicaion he can withdraw upto 25.10.2010. hurry up.
For all ICICI DIRECT users to cancel their application follow the steps below..
1. Login to ICICI direct website using ur user id and password. 2. Click on the IPO tab appearing. 3. Then click on the Order Book. 4. Then click on the Transaction ID. 5. There one can see Print button and Revision button. Click on Revision Button. 6. There one can see quantity applied. Change it to ur requirement which will be 0. 7. Click submit. Finished...!!!
Retail at cut off is subscribed 1.97 times. Add to it the unsubscribed amount of employees which will reduce the oversubcription to approx 1.53 times assuming 35% of the unsubscribed part .Also cancelled applications will be given to retail investors. So chill!!!
all those who have sold their applications will stand loser in this ipo as appx. 200 shares are going to be allotted on every full application and this share should list anywhere between 270 to 290... a clear profit of more than 8000/- even on conservative basis...kostak rate is running at 7500/- at all the centres of grey market trade, mostly buyers at this rate
EVERYONE WANTS TO INVEST MONEY IN COAL INDIA IPO, THEY FORGET THE RPOWER IPO, ALL PUBLIC ARE SO CRAZY ABOUT COAL INDIA WHY WATCH IT WILL BE LISTED AT PREM.
All these extensions for withdrawals only serve one purpose. To enrichen the bankers & the Co coming out with th IPO in terms of interest on the application money deposited in the banks. In this case allotment will be delayed by 5 days earning them all 5 days interest on a really huge amount.
SEBI should include rules to penalize the Co by making them pay interest to applicants for the delay.