IPO Coal India Ltd IPO Allotment status, listing


The initial public offering (IPO) of Coal India Ltd at Rs 225 to 245 per share was oversubscribed by 2.31 times by retail investors The empowered Group of Ministers (EGoM) headed by the Union Finance Minister, Pranab Mukherjee, met on October 25, 2010 and decided the issue price at Rs 245 a share. While the ratio of allotment status has not been announced, past experience taking into account number of times the IPO has been oversubscribed indicate the allotment ratio might be kept at 1 : 2

Coal India IPO Allotment status


IPO Coal India Ltd IPO Allotment status, listing The initial public offering (IPO) of Coal India Ltd at Rs 225 to 245 per share was oversubscribed by 2.31 times by retail investors The empowered Group of Ministers (EGoM) headed by the Union Finance Minister, Pranab Mukherjee, met on October 25, 2010 and decided the issue price at Rs 245 a share. While the ratio of allotment status has not been announced, past experience taking into the number of times the IPO has been oversubscribed indicate the allotment ratio might be kept at 1 : 2 or 1 :3 for applications up to Rs 1 lakh. And it could also be fixed as 1 : 1 for applications for less than 100 shares. The allotment ratio is expected to be announced soon.

Coal India IPO Allotment Date/Listing


Coal India's shares is to be be listed on the 4th November 2010. It is expected that the allotted shares are likely to be credited to demat accounts from the November.1, 2010. Portion reserved for Employees was subscribed in the Coal India IPO, to the extent of 10 percent only The unsubscribed portion may also be pooled to retail investors due to Employee Trade Unions opposing the disinvestment of Coal India.

The institutional portion of the Coal India IPO has been subscribed nearly 25 times and many analysts believe that the money would be deployed to buy Coal India shares from the secondary market when it gets listed on November 4, 2010. Many analysts believe that the scrip will be listed at a premium of 35 to 40% over its issue price on listing on November 4, 2010.

Power Grid Corporation, FPO Next to hit Capital Market


Next big PSU IPO to hit the capital market is Power Grid Corporation, which is expected to be open for public subscription on November 9, 2010.


Related Articles

What is Initial Public Offer (IPO) and Book Building

There are many ways in which corporates raise capital from the Primary Market such as Initial Public Offerings (IPOs), Rights issue of shares, or private placement. Selling of securities to the general public through the primary market is known as IPO. The main feature of IPO funds is that such source of funds has no definite maturity as far as the corporate is concerned..

BSE Ends the day with modest gain

BSE ends the day with modest gain. Today both NSE and BSE indices closed flat. The Sensex or sensitive index of Bombay Stock Exchange ended with a 33 point gain. Consumer durables and metal sector witnessed buys. The Sensex closed at 18032.11 points, with a marginal increase of 0.19 percent or 33.7 points over Friday's closing rate at 17998.41 points.

What are Bonus Shares ?

Bonus shares are shares issued free to the members of the company whose names appear in the Register of Members as on the specified date. These are capitalized from out of the General Reserves of the company. In other words a company with a capital base of Rs 25 crores has Rs 500 crores in its General Reserve. Now if the company decides to capitalize some part of the General Reserve say Rs 25 crores it is issued in the form of Bonus Shares.

What is A Depository Participants – How it works ?

Today we will discuss about Demat shares. Depositary Participants and the procedure and processes involved in getting the physical securities converted into electronic form. When we have currency notes with us we either hold it in physical form or deposit it in the Bank. But for all practical purposes cash in hand and bank balance is treated as "Physical" only in as much as the cash at Bank is any time encashable

Coal India Ltd IPO oversubscribed by 8 times

The Initial Public Offer (IPO), of Coal India Ltd., with an offer to sell shares worth $3.5 billion got a tremendous response from the investing public. The issue closes on Wednesday for institutions while for retail investors, the issue closes for subscription on Thursday, 21 October 2010.

More articles: IPO Share Market Tips IPO Coal India Ltd

Comments

No responses found. Be the first to comment...


  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name:
    Email: