A Lion’s eye on the Bulls and Bears
“In India, companies may fall sick, but promoters rarely do!”
Government got Gold with Coal India’s IPO last month…It was a Win Win Situation all around…as Issue Size was huge the Retail Segment was oversubscribed 2.3 times and also benefited from the rollover of the unsubscribed Employee Quota …so allotments were good…max 199 shares at Rs 245 less 5% discount And Now we have the IPO of …
Coal India……What a stunning Listing !….surely beyond anybody’s expectations Issued at Rs 245…opens at Rs 294…races away beyond Rs 320 before one could catch some breath….stays above this all day…touches a high of Rs 344 and closes near it at Rs 342 ! Coal India is now the fourth largest Listed Company by Market capitalisation….At Rs …
Coal India listed at Rs 294 and in a minute or two has raced away to Rs 314 ! Wow !…lets see if price sustains !
Coal India lists this morning….Expected to show Rs 300 atleast for awhile…surely Rs 275 +…Issue Price was Rs 245 with retail segment getting a 5% discount to make it Rs 232.75 for them…and this segment was oversubscribed 2.28 times and got the benefit of rollover from the undersubscribed Employees Segment….Those who applied for max 400 …
COAL IS COOL….COAL IS COOL….sing it to the rhythm of SINGH IS KING ! Read More »
Coal India IPO has been marketed and analysed for months now…so I’m not really going to deep underground to check it out….there’s enough evidence above ground to assess this IPO You don’t need to go deep into the Coal Mines to Invest in this Mining Giant’s Equity…The Government of India itself has surfaced to offer for …
Sensex continues to seduce….is up 376 points today at 20445…Pre Diwali Fireworks fuelled by Coal perhaps !….a not so subtle reference to the Mega IPO of Coal India that opens on October 18….sentiment has to be kept sizzling ….and FIIs have already started celebrating Diwali a month or two early by intensifying wholesale buying of ‘Phatakas’ (stocks) and torching …