Coal India IPO : 10 Strong Reasons to Invest in IPO

by khalid on 17/10/2010 · 4 comments

Coal India IPO is opening on 18th Oct 2010 and the shares will be available for subscription up to 21st Oct 2010. Coal India is very good company overall and has great prospect for long term investors. There are so many reasons to go for CIL IPO and few of them are summarize here.

1. A ‘NAVRATNA’ and many of its subsidiaries are ‘MINI RATNAs’.
2. Largest coal producer in the world.
3. Largest coal reserve holder in the world.
4. Coal India accounts for nearly 82% of total coal produced in the country.
5. Strong financial position and cash balance of Rs 9130 cr, as on 31-03-10.
6. Net profit of Rs 9622 cr for the FY10, on a turn over of Rs 52592 cr.
7. Favorable production cost, compared to imported coal.
8. Excellent track record of growth and cost efficient operations.
9. Strong capabilities for exploration, mine planning, research, and development.
10. Average RONW in the last 3 years is 30.29%.

So you can invest in Caol India IPO, Its a good option for long term.

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{ 2 comments… read them below or add one }

shashank chinchli October 18, 2010

M planning to invers in this IPO thanks dude:P

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khalid October 18, 2010

Hi Shashank

This IPO is biggest in Indian IPO history. Apply for good gain. Best of luck.

Thanks for your visit dear.

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