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Coal India Limited is the largest coal producing company in the world, based on raw coal production of 431.26 million tons in fiscal 2010. Coal India produce non-coking coal and coking coal of various grades for diverse applications.
Issue Detail:
Issue Open: Oct 18, 2010 - Oct 21, 2010
Issue Size: 631,636,440 Equity Shares
Issue Price: Rs. 225- Rs. 245 Per Equity Share
CRISIL has assigned an IPO Grade 5 to Coal Indid Ltd IPO. This means as per CRISIL company has 'Strong fundamentals'.
What is the maximum retail limit 1,00,000 or 2,00,000?
Any idea about grey market premium?
Retail and employee will get 5% discount. Will the above price is including that discount?Quote:
Originally Posted by Harish Rawat
You will get 5% discount on Rs. 225- Rs. 245 price bank, if you apply as Retail and employee category.Quote:
Originally Posted by Vijay_Kumar
Retail limit = Rs. 1,00,000/-Quote:
Originally Posted by Vijay_Kumar
No idea.Quote:
Any idea about grey market premium?
Who all are applying for Coal India IPO?
View are good so far -
Subscribe to Coal India, fair value at Rs 294/sh: Angel
Subscribe to Coal India IPO: KR Choksey
Subscribe to Coal India, target of Rs 325/sh: Motilal Oswal
I am going for two full applications. One form mine account and one form wife's account. See how it will work.
From where do I find the paper application for coal India IPO?
Why you want to apply using paper method? when almost all the brokers are offering online IPO applications. You can get the application from local brokers like bajaj capital etc.Quote:
Originally Posted by KapilPrateek
Good going of this IPO for retail investors -
Quote:
Last time Reliance Energy sucked the money from the market and market went down to BSE 8500.... I am smelling the same with this big IPO.
Reliance Energy is not completely responsible for that it's due to global meltdown.Quote:
Originally Posted by samirbajaj
Positive reviews pouring in...
- Keep Coal India in portfolio for long term: Swastika
- CIL's profit may grow over 20% in next 3 years: Sharekhan
as per NSE website.Quote:
Coal India (CIL) has been subscribed 0.74 times (74%) so far on the back of good response from qualified institutional investors (QIBs)
Valuation and recommendation by IndiaBulls -
Quote:
CIL’s status as the largest coal mining company in the world with access to the vast amount of coal reserves and highly favourable industry prospects driven by huge demand supply gap, is expected to result in strong growth prospects for the company. Further,the continuous improvement in labour productivity, use of better technology leading to a better control of costs and thus, leading to healthy overall profitability of CIL. The deregulated coal pricing regime gives CIL the power to fix the price for its produce which, along with the favourable demand supply position and cost competitiveness vis-à-vis imported coal, is likely to enable the consolidated entity to sustain its healthy profitability. We value the stock at Rs. 317 by using the DCF method (WACC: 13.50% and Terminal Growth 5%), which offers an upside of 41% over the lower end of the price band and 30% at the upper end. Going forward, we expect CIL’s consolidated revenues and PAT is likley to grow by 10% to 12% from FY11E to FY15E. Thus, we recommend investors to Subscribe to the issue.
Today applied for full (400 shares) retail subscription for Rs.98,000/-. Finger's crossed.Quote:
Originally Posted by BlackCaps
Coal India Ltd IPO subscribed 11.85 times on day 3.
I want to make aplication of 400 shares. Should I go for two applications of 200 shares or 1 applications of 400 shares? Which has best option to get more shares?
Please advice.
S.P. Tulsian - Black diamond in demat form!
Quote:
Issue is recommended for investment, even at the upper price band of 245 per share. Retail investors, those who want to play safe, can sell their application at a premium, which is now ruling at Rs. 3,700, for application of 1 lakh. Those who are applying for 1 lakh, can expect an allotment of around 200 shares. This is likely to give a gain of about Rs. 4,800, considering discount of Rs. 12 per share and grey market premium of Rs. 12 per share, prevailing now
I don't know which one is would get maximum shares. I would go for Max application of 400 shares.Quote:
Originally Posted by mukesh
First time I am seeing his 'go for it' recommandation.Quote:
Originally Posted by mukesh
Coal India investors can withdraw bids up to October 25Quote:
Those who have invested in Coal India Ltd’s Rs15,000 crore public float will get a five-day window if they wish to withdraw their applications in India’s biggest ever initial public offer (IPO). Investors can withdraw their bids because there has been a mistatement in Coal India’s financials.
Investors will be able to withdraw their bids till the end of Monday, 25 October.
The withdrawal option has been given because of a small clerical error in the financial statements of Coal India. The statements have interchanged other income with closing stock. This has led to some difference in numbers.
Pricing of Coal India's recently-conculded issue is likely to be decided at the Empowered Group of Ministers' (EGoM) meeting on Sunday (October 24, 2010).
Source - moneycontrol.com
The government on Monday fixed the price of Coal India’s initial public offer (IPO) at Rs 245 a piece.
Equity shares of much-awaited Coal India (CIL) initial public offering (IPO) will be listing on exchanges on November 4, 2010.
The issue price of India's largest IPO has been fixed at Rs 245 a share, at higher end of price band of Rs 225-245. The company has raised more than Rs 15,100 crore through IPO by issuing 63.16 crore equity shares.
Source - moneycontrol.com
I am looking to buy some shares for long term. Please guide me the best rate for me. Does current share price is good for buy?