CIL Fixes IPO Price at Rs 245/ For Each Share

CIL Fixes IPO Price at Rs 245/ For Each ShareIndia’s biggest coal producing firm CIL has been set price at Rs 245 a stock, at price band of Rs 225-245. It had become the biggest IPO ever in Indian capital markets.

The firm has increased greater than Rs 15,000 cr via IPO by issuing 63.16 cr equity shares. The IPO issue has witnessed large response from investors and has obtained bids for longer than USD 53 billion valuation on equity shares compared to issue size of USD 3.5 billion.

Edelweiss Securities Prasad Baji mentioned that the market is required to treat Coal India as an utility play. Based on him, Coal India Limited fair worth is at Rs 316 for each share because coal costs are unlikely to fall in India. “Our assessment of reasonable value is Rs 316 depending on a DCF valuation. Even on EV/EBITDA basis we’re obtaining at Rs 300 price therefore there’s a few amount left on the table in this issue,” he said.

This site provide indian share market tips and stock market tips for investors

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Investment Definition

Investment Definition Investment means; investing money in property, equity (stock and share), bonds and business or purchasing goods for making more money. Education and health Expenditure is ...…

Who controls the Securities Market?

Who controls the Securities Market? The responsibility for controlling the securities-market is shared by DEA (Department of Economic Affairs), DCA (Department of Company Affairs ), RBI (Reserve Bank of India ...…

What are Premium Issues?

What are Premium Issues? Most Companies shares have a face value of Rs.10 though not always offer to the public at this price. Companies can offer a stock (share) ...…

Average

Average A share market average is known as a mathematical method of reporting the composite difference in prices of the shares that the average includes. Each and ...…

Invest Early

Invest Early The sooner you begin for invest. you Commence investing in tiny amounts, frequently for a long time period, funds develops as a result ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics