Issue - 95 30th October [Saturday] -Omkar P. Joshi the Diamond in the Coal

ISSUE - 95 30th OCTOBER [SATURDAY] -OMKAR P. JOSHI THE DIAMOND IN THE COAL The worlds largest char miner is going public by 10%; but this small divestment had a huge impact on Dalal Street last week. Coal India Limited (CIL), a organisation of India subsidiary with revenue exceeding Rs. 45,797 cr and having largest extractable coal reserves in the world, operating 471 mines in 21 major(ip) coalfields across eight states in India as of 31st certify 2010, entered the IPO game under the union governments policy of divesting PSUs. Currently it is under the control of Ministry of Coal and is to a fault a ?Navratna company. The IPO started from Monday last week and ended on Thursday with huge demand from market. Government offered 63.16 Cr shares with monetary value band of Rs. 225-245 in view of raising Rs. 15,000 cr, but heart and soul the bidding sums up to Rs. 2.3 lakhs cr, a staggering 15.3 times more than! It also surpassed the Reliance Power IPO in 2008, where it was Rs. 18,923 cr with 10% margin. The prime reason behind this oversubscription is Indias brawn shortage problem and its overdependence on coal. Our net cash federal agency of Rs. 36,991 cr in cash, with hardly any debt and return on equity of 38% - this is something we are really proud of.

now we have got a national asset, which is being offered to the investing public, give tongue to Partha S Bhattacharya, chairman of Coal India. This tells the success story of the company. As Coal India has virtual monopoly in its business in this serving of the world, any investor would love to take part in the favorable rush. FIIs are very much interested in deliver the stock because of which the IPO became one of the largest in Indian history. The company will become the seventh most valuable house in the country, just behind NTPC. The issue has been subscribed by Qualified Institutional Buyers (QIBs) which comprises of MFs, FIIs, banks, and venture capital funds etcetera followed by Non Institutional Investors (NIIs) and Retail Investors. Few of the examples... If you want to get a full essay, order it on our website: Ordercustompaper.com

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