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Oct 18, 2010

Coal India IPO: A good option for investors?

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The much awaited Coal India Limited's IPO to begin on the Monday, the first day of the week and hope to capture the stock market. The Coal India 's issue to be closed on October 21 (Thursday). Its will be the big occasion for the investors to get those in trade.

Coal India Limited is a Navratna Company and a share from the offering would cost around Rs 225-245. According to media reports a five percent off could be given on the offering to attract investors.

There has been little volatile in the stock market over the IPO of CIL. As most of the investors would prefer to have. The market on Monday, may see a big round to trade and bid for CIL's IPO.

In January 2008, Anil Ambani's Reliance Power had issued offering and mopped-up Rs 11,700-crore from the stock market. Experts believe the IPO offering of CIL may mop-up Rs.15000 crore.


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