Coal India Ltd IPO

Coal India IPOCoal India Ltd announced its initial public offer (IPO) open on Oct 18, and would remain open for subscription till October 21. “Coal India ” increase nearly Rs 1500 crore – through the initial public offering issue and provide 631.64 million stocks in the four-day sale, The price band of the issue is likely to be around ( update come later),

CIL is the biggest coal producing firm on the globe, as per raw coal output of 431.26 million tons in financial YEAR 2010. Coal India Ltd produce coking coal and non-coking coal of numerous grades for varied applications.

As of March 31, 2010, Coal India run 471 mines in 21 main coalfields throughout 8 states in India, including 273 underground mines, 163 open cast mines as well as 35 mixed mines, The comapny run 17 coal beneficiation amenities with an aggregate made feedstock capability of 39.40 mil tons per year. Firm plan to develop a further 20 coal beneficiation amenities with an aggregate extra planned feedstock capability of 111.10 million tons per year. Apart from , They offered eighty-five hospitals as well as 424 dispensaries.

India’s biggest IPO up to date was the 2.46 billion dollars increased by Anil Ambani’s RPower in January 2008, based on the Prime Database, that tracks share offerings in India.

India is the world’s 3rd largest manufacturer of power from fossil fuel as well as seems set on fossil fuel for its longer term energy requirements because the economy expands.

Face Value; Rs.10
IPO Size; 631,636,440 Equity Shares
Minimum Order Qty:
Market Lot:
Issue Type is 100%  Book Building.

IPO Grade for COAL INDIA Limited

Credit Analysis and Research allocated IPO grade ‘5/5’ to the IPO of  CIL Ltd , this shows that the fundamentals of the issue are strong average relative to other listed equities.

it is a very very good stock for subscrip with long term and short term view,   by nsestocktips.in vm.venkatesh

Conduct details

Address:Coal Bhawan, 10, Netaji Subhas Road, Kolkata 700001, West Bengal
Phone number; 91-33-22488099 Fax detail;. 91-33-22435316
Email address; complianceofficer@coalindia.in
Website Url; http://www.coalindia.in

Book Running Lead Manager

DSP Merrill Lynch Ltd, Citigroup Global Markets India Pvt Ltd, Kotak Mahindra Capital Company Ltd, Deutsche Equities India Pvt Ltd, Enam Securities Pvt Ltd,
Morgan Stanley India Pvt Ltd are the Book Running Lead Manager’s for Coal India ipo.

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cil limited ipo,  initial public offer of coal india, coal india IPO allotment status and information

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