Coal India Ltd Fixes Price at Rs 245 per share. Price range is Rs 225 to Rs 245 per share, IPO subscribed well, so offer fixed at higher end of Price Band.
Coal India Ltd recently offer the shares to public through the 100 percent book building. Initial Public Offer (IPO) subscribed above 15 times as per the data of NSE and BSE. Now, What is the Listing Price is the billion dollar question among investors made investment in this stock. No expert can say accuracy listing price of CIL shares, but can say Approximate Price.
Coal India Ltd Expected Listing Price is Rs 300. The price may be plus or minus 5 percent, No expect the stock will trade above it. If any negative News can hit the Stock to bottom levels like Stock Markets Crash of 2008 when listing times of Reliance Power Ltd. Coal India Ltd (CIL) will be listed in both National Stock Exchange and Bombay Stock Exchange.
NSE Symbol : COALIND.
BSE Code / Reference Number is not provided yet for Coal India. Code Allotment will announce near listing day of shares.
Coal India Ltd Listing Date is November, 04, 2010.
Expected Opening Price of Coal India Ltd in Stock Exchanges : Rs 290 to Rs 305 is may be opening price, after opening almost trading price may reach to below rs 300. If any negative Stock Market Sentiment on Listing Day CIL shares can touch the issue price of Rs 245, wait and watch for real show of Coal India Listing.
Experts Advice : Book profit on listing day is best, Listing gains is not ruled out. If stock falls more than expected buy at lower levels for long term Investment of 2011, 2012 years.