The allotment of Coal India has been completed. The number of applications coming through ASBA or applications supported by blocked amount is increasing and in the case of Coal India the number was 3,13,175 applications for 684,00,61,150 shares. This means that almost all QIB and HNI applications are through ASBA and a mere 16-7-16.9% of the retail applications are through ASBA. The number seems to be picking up and is likely to increase going forward.
The number of retail applications at 16.269 lakhs for 45.40 cr shares means the average application size was a little over Rs 68,000 which shows the retail application size is improving.
Details of the same are given below.
Category | No of Applications | Qty Applied For | Original Quota | Spillover Added | No of Allotees | Shares Alloted |
QIB’S | 784 | 6996669075 | 284236398 | 28543547 | 784 | 312779945 |
HNI’s | 9440 | 2143067200 | 85270919 | 8563064 | 8717 | 93833983 |
Retail | 1626905 | 454048025 | 198965479 | 19980483 | 1517069 | 218945962 |
Employees | 27848 | 6838325 | 63163644 | NIL | 24687 | 6076550 |
TOTAL | 1664977 | 9600622625 | 631636440 | 57087094 | 1551257 | 631636440 |