From where do I find the paper application for coal India IPO?
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.Originally Posted by KapilPrateek
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Everyone thinks of changing the world but no one thinks of changing himself - Leo Tolstoy
Good going of this IPO for retail investors -
Grey market bets big on Coal India issue -
http://www.business-standard.com/ind...-issue/410232/
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Everyone thinks of changing the world but no one thinks of changing himself - Leo Tolstoy
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.
'When someone shares something of value with you and you benefit from it, you have a moral obligation to share it with others.'
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
Make someone smile today!
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as per NSE website.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 -
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.
Coal India investors can withdraw bids up to October 25
Coal India investors can withdraw bids up to October 25Those 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
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