Is history repeating ? in 2008 January it was Reliance Power IPO that started as the trigger for Market Corrections, this time is it Coal India IPO ? The mega IPO from Coal India Limited is likely to hit the capital markets on 18th of October 2010.
India's largest coal producing company Coal India (CIL) will open its initial public offering (IPO) for subscription on October 18, 2010. The company is offering 63.16 crore equity shares through the issue, which was an offer for sale by the President of India, acting through the ministry of coal, Government of India.
The offer shall constitute 10% of the post offer paid-up equity share capital of company. The issue will close on October 21.
NIFTY TREND 6175 RESISTANCE AT 6206-6252 SUPPORT AT 6128-6098, RSI 79, MACD 149.NIFTY Prev.CLOSE (6159) BELOW TREND & ABOVE 10DEMA (6026)
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