EMPLOYEE QUOTA'S SHARE ADDED IN RETAIL IS 1.99 CRORES SHARES
NO OF SHARES IN RETAIL QUOTA POST ADDING EMPLOYEE QUOTA SHARES IS 19.89 + 1.99 = 21.88 CRORE SHARES.
TOTAL BID RECVD UNDER RETAIL QUOTA STANDS FOR 45.86 CRORES SHARES.
SO EFECTIVE RETAIL QUOTA SUBSCRIPTION IS 45.86/21.88 = 2.096 TIMES.
SOME APPLICATION WILL BE WITHDRWAN AND CHEQUE BOUNCE AND PRICE BID AND TECHNOCAL REJECTIONS MAY PULL THE RETAIL QUOTA DOWN TO 2 TIMES.
SO ALLOTMENT EXPECTED ON FULL APPLICATION IS 200 SHARES.LISTING PRICE EXPECTATION ON MODERATE SIDE IS 270-280, SO GAIN ON FULL APLCN SHOULD BE 8000 - 10000.
I think 90 RS is little bit expensive for the retail investors.The government should give it to the public around 80 to 85 rs considering the size of the fpo.The 90 Rs price do not give any margin of safety to retail investors because its current market price is 104 and it will run up to 120 kind of level is only an assumption.I think it might not go there.
very good company & best thing is it has not gone up that much so the down side risk is toooooo less if it comes below 95+ discount in retail worth buying it without any risk dont worry about the market bcoz there r very less chances that PG (power grid)will go below 100 so u can buy at current level also....
THERE IS NO NEED TO PANIC AT THE LATEST NEWS ABOUT COAL INDIA'S FINANCIAL MISSTATEMENT.
THERE IS NO IMPACT ON EPS, BV OR ANY MATERIAL THING. ITS AN ERROR THAT DOES NOT HAVE ANY MATERIAL IMPACT ON THE NOS OF COAL INDIA.
IF ANY BODY WANTS TO WITHDRAW HE MAY BUT HE WILL REGRETE AT LISTING.
DISCL: I HAVE 23+7 FULL APPLCN IN COAL INDIA, 10+5 I SOLD @ 5000 PER APPLCN REMAINING I M HOLDING WITHOUT ANY FEAR AND HOPE TO ENCASH EACH APPLCN AT LISTING AT 6500-8500.
todays rate is rs 105 likey to go up to rs 115 to rs 120 by nov 2010 at rs 100 and 5 % discount should be avaiable at rs 90 last ipo power grid has given good listing gains at rs 90 it is not that cheap but can give lising gains like eng india subject to niffty at 6050 and above 6050 is very crucial if it breaks below 6050 then down side is sure
Buy Power grid at CMP. Target of Rs. 120+ if NIFTY remain above 6000 till the opening time of FPO. Rs. 10000 return on the investment of Rs. 1 Lac. Better return than applying to FPO for 3-4K.
Frankly speaking, wont expect to go around 400 on the listing day, as the sixe of IPO is huge....so make sure that but ya, it will sure flow around 300-325