IPO Details - Coal India Limited
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 limit = Rs. 1,00,000/-Originally Posted by Vijay_Kumar
No idea.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?
Today applied for full (400 shares) retail subscription for Rs.98,000/-. Finger's crossed.
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I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
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!
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
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