COAL India IPO

I suppose you will be able to see those shares on 4 Nov after morning 9ish...


Hi all,

I am using sharekhan trading account.

I had applied through ASBA for coal india.
I got sms that 25 shares are allocated to my account.
yesterday the amount got debited from my account.
but still the shares are not appearing in my demat account /dp sp reports..

anybody else faced the same problem?
any possible reason for the problem?
I called up customer care of share khan, and they r still looking at the problem..
 

prst

Well-Known Member
seems to be stabilising now at 325..
shd i sell now or any chances of it rising again to 360 levels in near future?
 
Applied 100 shares, got 50...

Sold out today, 25 shares @ 325 & 25 shares @ 336, so:

Purchase price = 11637.50

Selling price = 8125 + 8400 = 16525

Profit = 4887.50 (42%)

Good enough; from analyses, it's a longterm hold; expected to come down after the initial frenzy to about 300 - 285.

I would buy for a longterm hold (of 3 - 5 yrs since their washeries, decrease in wastage and selling quality coal is expected to take this long) only at about 285 - 275 (will surely happen in the next market downturn, if the previous PSU IPO share performances now are anything to go by..)

Cheers!
 

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