Coal India Ltd Subscription Final Update
Coal India Ltd Subscription Final day(4th) hit the Stock Market on Thursday(21/10/2010) positively and both Sensex and Nifty closed positively by strong buying. Biggest or Largest IPO of India offer to raise up to Rs 15,000 crore through NSE(National Stock Exchange) and BSE(Bombay Stock Exchange). Coal India Ltd (CIL), the world's largest coal miner after IPO. CIL initial public offer will open on October 18 of 2010 and closed on October 21 of 2010.
Issue date of Coal India IPO
Start on October 18, 2010 and Closed 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).
Coal India IPO Grade and Rating Agency : IPO Grade 5, Rating Agencies CRISIL Limited and ICRA Limited.
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.
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 : No response from investors to Coal India IPO in first, second day and third days from retail investors.
Coal India Ltd Subscription Final Update at NSE - BSE Stock exchanges : NSE and BSE Subscription Live data visit Here. "Coal India IPO" live subscription Final status of national Stock Exchange will be available at NSE and subscription Final status of Bombay Stock Exchange at BSE.
Listing Price of Coal India
Coal India Ltd(CIL) offer now closed. No expert can give accuracy in listing price of any company, But can expect a price based on company fundamentals, technical and market conditions. Expected Coal India listing price is 20 percent returns. In present conditions listing price is Rs 285 to 290. Listing price may vary based on market sentiment and number of times subscribed finally. So expected Coal India Listing Price originally below or around Rs 300.
Listing Date of Coal India
IPOs normally takes 3 weeks to list from closing date of offer. But Coal India Ltd(CIL) expected to list with in 2 weeks due to lock of heavy funds and list to before Diwali Festival. So expected Coal India Listing date at NSE and BSE November, 04, 2010.
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