Category Archives: Coal India IPO

Coal India IPO Listing

Coal India IPO lists today November 4th 2010 , it was expected that the IPO would list at a premium of 15 to 20 Percent .The Retail price for the IPO was at 232.75 rs , so if it olist at 240 itself its profit for the retailers , unless it track backs like NHPC , we have to just wait for 3 more minuted and see what price its openeing at .
BSE Announcement on Coal India Listing

Trading Members of the Exchange are hereby informed that effective from November 04, 2010, the equity shares of Coal India Ltd (Scrip Code: 533278) are listed and admitted to dealings on the Exchange in the list of ‘B’ Group Securities. For further details please refer to the notice no. 20101102-19 dated November 02, 2010.

Update
>It lists above 300 and now trading at 313 or so

Coal India IPO – They gave Exit Option from the IPO

Coal India IPO which was declared a huge hit and was subscribed by more than 15 times or so had a different turn today , Coal India Finance Director A.K. Sinha said accretion in stock and other income got interchanged in the company’s standalone financial statement that was printed in the Re herring prospectus , but they also said that it has no impact on the company’s total income and profit figures. They have told that the exit option would not have any impact on the subscriptions,and they are just making sure that they abide by the regulation.

Coal India IPO Subscribed 15.28 times

Coal India IPO Subscribed 15.28 times on the closing day yesterday ,coal india ipo retail subscription – The retail side was not that good or bad , it was ok which is just 2.31 times or so , we will see in details the subscription by category.
Total Subscription

Total Issue Size 631636440
Total Bids Received 9650277325
Total Bids Received at Cut-off Price 397901150
No. of times issue is subscribed 15.28

Subscription by Category.

1 Qualified Institutional Buyers (QIBs) 284236398 7019464125 24.70
2 Non Institutional Investors 85270919 2166004875 25.40
3 Retail Individual Investors (RIIs) 198965479 458634025 2.31
4 Employee Reservation 63163644 6174300 0.10

Coal India IPO Subscription on October 20th 2010

Coal India which just add 1.7 times subscription as of yesterday had a whopping 11 to 12 time subscription today all supported by QIB portion as it is last day for the QIB today .The final figure for today will be soon diaplayed here.
Subscription Figure As on 05.00 today October 20th 2010

Total Issue Size 631636440
Total Bids Received 7332074950
Total Bids Received at Cut-off Price 143627400
No. of times issue is subscribed 11.61

Subscription by Category as of yesterday October 19th 2010 – this will be soon updated today

1 Qualified Institutional Buyers (QIBs) 284236398 964058425 3.39
2 Non Institutional Investors 85270919 46247250 0.54
3 Retail Individual Investors (RIIs) 198965479 69216425 0.35
4 Employee Reservation 63163644 645725 0.01

Coal India IPO Subscription

Coal India IPO which opened yesterday for Subscription dint see a great day yesterday , normally these things will be fully subscribed on the first day as of yesterday and todays starting the total number of subscription was .34 times or 34 Percent .
Total Subscription on the first day

Total Issue Size 631636440
Total Bids Received 213486275
Total Bids Received at Cut-off Price 11324150
No. of times issue is subscribed 0.34

Subscription by category on the First Day

1 Qualified Institutional Buyers (QIBs) 284236398 178061900 0.63
2 Non Institutional Investors 85270919 15166550 0.18
3 Retail Individual Investors (RIIs) 198965479 20170400 0.10
4 Employee Reservation 63163644 87425 0.00

Coal India IPO – Opens on October 18th 2010

Coal India IPO – Biggest Indian IPO and one of the biggest PSU IPO opens on October 18th 2010 Monday and closes on 21st October 2010.

Symbol – Series COALIND EQ
Issue Period Oct 18, 2010 to Oct 21, 2010[* For QIB bidders Issue closes on Oct 20, 2010]
Post issue Modification Period 22-Oct-10
Issue Size Public offer of 631,636,440 equity shares of face value of Rs. 10 each
Issue Type 100% Book Building
Price Range Rs 225 to Rs 245 Retailer and Employee will get 5 Percent Discount.
Tick Size Re. 1/-
Market Lot 25 Equity Shares
Minimum Order Quantity 25 Equity Shares
Maximum Subscription Amount for Retail Investor Rs.100000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
IPO Grading IPO Grade 5
Rating Agency CRISIL Limited and ICRA Limited

Brokerage Views
Almost all the Brokerages and Analysts accept that the pricing of the issue is better-than-expectations. As the government has fixed a price band at Rs 225-245 a share and is offering more than 63 crore shares via IPO.The only thing they feel bad about it is the 5 Per Cent dicount they are saying it should have been may be 10 Per cent or so but still its ok .

Coal India IPO Allotment Status

Coal India IPO is like festival for the IPO market and indian stock and primary market , its happening almost before the Diwali festival and might even list during the diwali days you never know.According to the info what we have received .
Company COAL INDIA LTD.
IPO/FPO IPO
Bookbuilding/Fixed Price Bookbuilding
Industry Mining/Minerals
Opening Date 18/10/2010 Earliest Closing Date 21/10/2010
Price Band (Rs.)
Minimum Application (No. of Shares)
Issue Amount (Rs. crore) (at Lower Price Band)
Lead Managers

CITIGROUP GLOBAL MARKETS INDIA PVT.LTD., MUMBAI
DEUTSCHE EQUITIES INDIA PVT.LTD., MUMBAI
DSP MERRILL LYNCH LTD., MUMBAI
ENAM SECURITIES PVT.LTD., MUMBAI
KOTAK MAHINDRA CAPITAL CO.LTD., MUMBAI
MORGAN STANLEY INDIA CO.PVT.LTD., MUMBAI

Registrars LINK INTIME INDIA PVT.LTD., MUMBAI
Company Email complianceofficer@coalindia.in
Remaining info will be soon updated .I’m sure that this will be a very good offer for the retailers i known there was 2 PSU IPO which is still trading behind the IPO price but going with majority this should some what go up .We will how it goes.
Coal India IPO Allotment status can be found here after 1 week from the IPO Close date.

COAL India IPO – Crisil Gives 5 out of 5

COAL India IPO which is one of the next PSU thats going to hit the IPO market,The main reason for this post is the IPO has been given 5 out of 5 by Crisil .CIL has got 5 out of 5 (5/5), the best for any public sector and one of the best among all issues in last two years.The grade indicates that the fundamentals of the IPO are strong compared to the other listed securities in India. It may be noted that CIL will offer 63 crore shares through the IPO, which is 10% of its paid up equity.