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Coal India IPO Allotment Status(2010-10-27)|Coal India IPO Allotment Date
Tags: Coal India IPO, coal india ipo allotment
Hi Here Find Latest News Update About Coal India IPO Allotment Status(2010-10-27)|Coal India IPO Allotment Date. As per sources Coal India IPO Allotment Status(2010-10-27)|Coal India IPO Allotment Date. Coal India initial public offering (IPO) Allotment Status and Coal India IPO Allotment Date can be checked here as Coal India initial public offering (IPO) at Rs. 245 per share, the top end of the price range. The government will raise $3.5 billion from the IPO. The offer had a price range of Rs 225 to 245 a share. The Coal India IPO Allotment Status is as follows as the retail portion of the Coal India IPO was oversubscribed by 2.31 times. Some analysts feel that allotment ratio might be fixed at 1:2 or 1:3 for those who have invested upto 1 lakh and 1:1 for investors who have subscribed for less than 100 shares. The allotment ratio for Coal India IPO is expected to be officially announced soon. The Coal India IPO had a lot size of 25 shares. The empowered Group of Ministers (EGoM) headed by the Union Finance Minister, Mr Pranab Mukherjee, met on oct 25, 2010 to decide the issue price.

Coal India IPO Allotment Date: Coal India’s shares will be listing on the 4th November 2010 and the alloted shares are likely to be credited to demat accounts from the 1st November.

The only portion that was undersubscribed in the Coal India IPO, was the portion reserved for employees that was subscribed only 0.1 times or 10 per cent. This was because the Employee Trade Unions have opposed the disinvestment of Coal India and had instructed their members to not apply
for the Coal India IPO. Some analysts believe that this unsubscribed portion will also be alloted to retail investors. Hence the loss of Coal India employees will be a big gain for retail investors.

After Coal India IPO ,the next big PSU IPO that is lined up is by Power Grid (powergrid fpo price) which plans to raise almost Rs 8,000 crore issue.The Power Grid IPO is expected to open on November 9 , 2010.

The state run PSU Coal India has surpassed the previous record set by Reliance Power’s IPO, which had attracted bids valued over Rs 2.05 trillion. Merchant bankers have indicated that more than 15 lakh retail applications have come in for the Rs 15,000 crore issue. Read More