The initial public offer of Coal India has generated a total demand of shares worth Rs 2,34,716 crores (Rs 2.34 trillion),the biggest in the history of Indian IPO market.Earlier in 2008 Rpower was the the biggest with a demand worth Rs 2 trillion but Coal India IPO has surpassed all previous primary market records.Coal India has been subscribed by QIP's 22.45 times,HNI's 23 times,Retail 2.1 times,Employee 0.1 times and overall it has been subscribed 15.28 times.The price band of the issue is at Rs 225 to 245 per share.
- Market sources say that Coal India has a grey market premium of Rs 40 per share and it is expected to list at a price range between Rs 285 to 295 per share.
- It seems that Coal India IPO is overpriced and it is under SEBI's scanner and to read more about this go to this link.
- Coal India Limited (CCIL) is expected to hit the secondary market on 10th August 2010,lets wait and watch whether it gives a handsome listing gains for the investors...
Have you seen whats been reported in coal market news and coal reports lately? The latest coal market news is that emerging countries are predicting to use large amounts of thermal coal for power generation and metallurgical coal for steel production and they are investing heavily onshore and offshore to secure the coal they need so that they can meet increasing demand for electricity and steel.
ReplyDeleteCherry of www.coalportal.com