Issue date of Coal India IPO
Start on October 18, 2010 and Close October 21, 2010.
Price Band of Coal India IPO:Price Range : Rs 225 to Rs 245.
Issue Size : Initial Public offer of 631,636,440 equity shares.
Face value : Rs. 10 per share.
Market Lot : 25 Equity Shares.
Minimum Order Quantity : 25 Equity Shares.
Maximum Subscription Amount for Retail Investor: Rs.100000.(One Lakh).
Maximum Bid Quantity or Lot size : 631636425 shares.
IPO Market Timings : 10.00 a.m. to 5.00 p.m.
Coal India IPO Grade and Rating Agency : IPO Grade 5, Rating Agencies CRISIL Limited and ICRA Limited.
Name of the registrar: Link Intime India Private Limited.
Issue Type : 100 percent book building.
Book Running Lead Managers : Citigroup Global Markets India Private Limited, Morgan Stanley India Company Private Limited, Deutsche Equities (India) Private Limited, Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited and ENAM Securities Private Limited.
Syndicate Member : Kotak Securities Limited.
Listing Price of Coal India : Expected listing price of Coal India Ltd is around or below Rs 300. IPO size is much larger, so be remember the listing price of Reliance power. Today and tomorrow subscription is not a matter, Final day reflects the interest of public on issue based on How many times will be subscribed.
Listing Date of Coal India : November, 4th 2010 is expected listing date.
Expected price for 2011 and 2012 : Rs 320 to maximum target price 350 in 2012 if normal market conditions. Experts advice for long term investors is Buy Coal India in secondary market if price come to down in volatile markets. One can buy this stock at downtrends in secondary market for the long term of 2013, 2014, 2015 years.
Update : When closing time of Monday offer subscribed 2 times(approx). No response from investors to Coal India IPO in the First day, Cash markets may sell-off to subscribe later. Investors can subscribe through their online trading account. Eg, ICICI Direct, SBI Demat, HDFC, Sharekhan, Kotak securities, India Infoline, Reliance Money, Motilal Oswal, etc.
Subscription Live Status at NSE - BSE : "Coal India IPO" live subscription status will be available at NSE and BSE.