The figure under 'accretion in stock' and that under 'other income' for the quarter ended 30th June 2010 got inadvertently inter-changed. So accretion in stock should read as Rs54.45 million instead of Rs31,945 million and other income should read the opposite. While the numbers seem huge, there is no change in total income figures or the summary statement of profit and loss.
In fact if you see previous years result. You can clearly figure out that error. Also if you compare with consolidation number then also you can figure that error.
In any case, there is no need to panic. Its just typing mistake and SEBI was reacting to query raised by QIB.
AS PER NSE SITE IT LOOKS THAT LOT OF AAPLCN HAVE BEEN WITHDRAWAN OR THERE WAS AN ERROR AT 12 PM RETAIL FIGURES AND GOT CORRECTED AT 1 PM. WHATEVER MAY BE THE CASE RETAIL SUBSCRPN IS NOT GOING TO AFFECT LISTING PRICE.
EARLIER I WAS EXPECTING 3.2-3.5 TIMES NOW IT LOOKS LIKE THAT RETAIL BE OVERSUBSCRBED NEARLY BY 3 TIMES.
Dear chittorghar.com Please do notpublish any messages other than the particular ipos related.Allare usingthisforum to discuassonly COALINDIA ipo...very sorry
Gem ipo finder Oct 21, 2010 12:07:51 AM IST Gyscoal Alloys Ltd IN COAL INDIA
BID MONEY RECIEVED BY QIB AMOUNTS TO RS. 1.72 LAKH CRORE......
THATS TOO MUCH MONEY , NO WAY COAL INDIA GOING TO TRADE BELOW 270........
RETAIL IS EXPECTED TO BE OVERSUBSCRBED 3.2-3.5 TIMES......
I HAVE 23+7 FULL APPLCN POSTION IN THIS, 10 I HAVE SOLD IN GREMARKET @4500 PER APPLCN.
Gem ipo finder Oct 19, 2010 11:12:07 AM IST Gyscoal Alloys Ltd BOARDERS
DONT HESITATE IN APPLYING COAL INDIA IT WILL DEFINETLY GIVE 6000-7500 RETURN PER ONE LAC APPLCN.
IT WILL BE A PART OF EVERY PORTFOLIO OF MF AND FII.
SELLING ON LISTING DAY WILL BE HUGE FROM RETAIL AND HNI AROUND 40% OF TOTAL IPO SIZE OF 15200 CRORES MAY COME FOR ELLING ON DAY ONE BUT DEMAND FROM INSTN WILL BE EQUALLY HUGE.
DISCL: I WILL APPLY 23 FULL APPLCN , 10 APPLCN SOLD TO "ONE OF MOST RESPECTED BOARDER HERE ( NAME KEPT SECRETE)" @ 4500 WHO IN TURN HAVE SORTED THAT MUCH APPLCN SOMEWHERE ELSE.
Gem ipo finder Oct 17, 2010 10:57:48 AM IST Gyscoal Alloys Ltd RELIANCE POWER HAD 42 LAKH SHAREHOLDER AT THE TIME OF IPO.
TODAY NO OF DEEMAT A/CO IN OUR COUNTRY AS ON SEPTEMBER IS CLOSE TO 1.8 CRORES.
IF WE CONSIDER THAT ONLY 30%-40% OF TOTAL DEEMAT COMES FOR COAL INDIA IPO THEN WE COULD HAVE 50-65 LAKH APLLCNS, LETS SAY ONLY 50 LAKH WILL COME SINCE RPOWER GOT 42 LAKH IN 2007 SO IN 2010 WE COULD EXPECT 50 LAKHS.
IF 20% OF 50 LAKH DEEMAT A/CS APPLIES FOR 1 LAC APPLCN WE COULD HAVE 10000 CRORES MONEY AND RETAIL BE ATLEAST 2 TIMES.
WE COULD SE RETAI NOW AROUND 2 TIMES
RETAIL SIZE OF COAL INDIA IS 5000 CRORES
Gem ipo finder Oct 16, 2010 8:09:38 PM IST Gyscoal Alloys Ltd MILINDS
DEFINETLY FII WILL BE BUYER POST LISTING.....
U HAVE SEEN MARKET ADJUSTINGING FOR COAL INDIA, PORTFOLIO CHURNING IS HAPPENING.....
NEW FII VIZ PENSION FUNDS LONG ONLY FUNDS WILL COME TO PARTICIPATE IN THIS GIANT IPO AND THEY WILL ASK FOR MORE POST LISTING
HAVE U HEARD THAT LIC HAS SAID THAT IT WILL INVEST 5000 CRORES IN COAL INDIA IPO.......
IT WILL DEFINITELY LIST AT PREMIUM MAY BE 260 - 270 AND RETAIL WILL BE SUBSCRIBED AROUND 1-1.5 TIMES GIVING A COOL PROFIT OF 8000-10000 PER ONE LAC APPLCNS.
Gem ipo finder Oct 16, 2010 5:08:02 PM IST Gyscoal Alloys Ltd SAVITHA
COAL INDIA IS DEFINETELY GOOD CO.....
BUT THE SELLING PRESSURE ON LISTING DAY MAKE KEEP THE STOCK UNDER PRESSURE AS HALF OF THE IPO SIZE( 5000-6000 CRORES) MAY COME FOR SELLING.THIS IS THE PROBLEM WITH BIG IPO, DEMAND- SUPPLY WILL DECIDE ITS FAITH BUT FOR LONG TERM ITS A VERY VERY GOOD BET.
WAIT TILL 22 OCT WHEN QIBS SUBSCRPN WILL CLOSE AND THEN DECIDE, I WILL ALSO APPLY BUT QUOTNTUM WILL DEPEND ON QIB FIGS.
WAIT......
Gem ipo finder Oct 15, 2010 7:04:17 PM IST Coal India Limited COMPARISION OF COAL INDIA WITH GLOBAL COAL COS:-
COMPANY:-
CIL(INDIA) -> China Shenhua -> Peabody Energy( US) -> Bumi Resource(INDONSIA)
Proven Reserves (bn tonnes)
10.60 -> 6.93 -> 9.00 -> 2.01
Production (mn tonnes):
431.26 -> 210.30 -> 189.23 -> 62.69
Revenue ($ mn):
11813.18 -> 17757.41 -> 6012.40 -> 3378.39
Operating income($mn)
96.76 -> 6970.96 -> 844.80 -> 1102.21
PAT ($ mn)
220.88 -> 4641.06 -> 448.20 -> 371.69
EPS ($):
0.35 -> 0.24 -> 1.64 -> 0.02
P/E :
15.74 -> 17.28 -> 31.57 -> 16.0
EV/EBITDA:
6.31 -> 12.17 -> 10.40 -> 11.54
EV/Reserve ($):
2.51 -> 12.51 -> 1.73 -> 4.90
CONCLUSION:-
China Shenhua looks to be most eficient in terms of opertaion and financial nos.it has given 3% return in the last one yr on nasdaq.China Shenhua increased production by 13 percent last year and wants to double the prodcn till 2015 whereas coal india is expected to increase production by only 5-6% for next 10 yrs.
coal india is not the production volume growth story that will remain constant for next 10 yrs, but the real story in coal india is margin expansion based on increase in realisation as it sales very very cheap compared to global rates.
coal india's correct production are not shown in the books whatever we see about coal india in terms of production in million tonnes is only 70%, 30% is misused by politicians, mafias etc.
Hey GEM, I saw your reply to my email. I have made 4 full app for Coal India. I was a bit unsure on nnum of app, but looking at QIB numbers, dont think that it will go below issue price. Also with such big market cap, its difficult for a stock to go down immediately after listing. ~Bhavin Mehta