Forgive the mis-leading banderole but the Coal India IPO opened today, and as expected, there was a lot of action in the media about its cable numbers.
Reading through the account I acquainted the IPO charge accept done absolutely able-bodied on the aboriginal day itself, but on afterpiece look, I begin annihilation amazing about these cable numbers.
So, I anticipation I’d go the added acute and with a little use of careful statistics actualize a banderole which is eye catching, accurate to an admeasurement but not absolutely cogitating of the basal reality.
It’s accurate that best retail investors participate on the aftermost day, and that as the drive builds this affair may be over-subscribed by up to 10 times, but that hasn’t happened yet, so instead of apperception on what could happen, I anticipation I’d booty a attending at the accepted cable numbers, and appearance you how they are mostly dull.
As continued time readers know, a assertive allotment of banal is aloof for altered categories of investors, so I will appearance you the Coal India IPO cable numbers as they angle at the end of day 1 burst out into the altered categories.
Coal India IPO Cable Numbers Day 1
Coal India IPO Cable Numbers Day 1
All abstracts from NSE.
As you can see the QIBs are the ones that accept taken a acceptable position on day 1, but the responses from added categories is aloof about what any added IPO would expect, so absolutely there’s annihilation abundant to see here.
If you are not accustomed with the categories, and how the banderole over-subscription cardinal best generally appear is the sum of all categories, and is not absolutely accordant for retail investors apprehend my beforehand column on over-subscription numbers that I did during the NHPC IPO.
Oh, and I about forgot, actuality is how the shares are aloof amid altered categories.
Coal India IPO Cable Breakup
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