20 October 2010

MS Advisory and PMS: IPO Recommendations: Subscribe - Coal India; subscription details

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Subscribe in Coal India IPO


* Excellent subscription by QIB - over 24 times
* Will be part of Nifty and Sensex - All the ETF and index funds will have to buy
* 5% discount to retail
* Biggest India IPO
* Grey market discount around Rs 30





COAL INDIA LIMITED (QIB complete; retaila nd HNI can apply tomorrow as well)

Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs)284236398701946412524.70
1(a)Foreign Institutional Investors (FIIs)4933872050
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)1807527975
1(c)Mutual Funds266896250
1(d)Others11167850
2Non Institutional Investors852709192464922752.89
2(a)Corporates114974625
2(b)Individuals (Other than RIIs)124998175
2(c)Others6519475
3Retail Individual Investors (RIIs)1989654792180691251.10
3(a)Cut Off177296100
3(b)Price Bids40773025
4Employee Reservation6316364423908500.04
4(a)Cut Off2259425
4(b)Price Bids131425

Updated as on 20 October 2010 at 2000 hrs

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