Coal India IPO gets 34% subscription on day one
India's largest IPO , the Coal India IPO, is 74% subscribed already. 34% of the Coal India IPO was subscribed on Day 1 itself.
- (1888PressRelease) October 20, 2010 - The Coal India IPO is being recommended by many stock trading experts for a long term by as the company is expected to grow 20% in the next three years.
"Investors are serious about Coal India and this is self evident as the QIB reserve is subscribed completely on day 2 of the IPO. We highly recommend investors to opt for the Coal India IPO and even if they miss the IPO they should buy shares later as company is expected to grow" says a leading equity expert
If you are new to online stock trading, you need to have a demat account with a DP (depositary participant) to trade online in the share market. If you don't have a demat account already, it will not be possible for you to subscribe to the Coal India IPO as it closes on the 21st of Oct and it could take upto 4-5days to open a demat account. However you can open a demat account at the earliest and still buy the Coal India share from the secondary market (i.e. the stock exchange) and hold it for good long term returns as suggested by leading capital market experts.
Most leading stock brokers in India such as Indiabulls, UniconDirect, Sharekhan are opening demat accounts and provide online share trading software which helps you keep a watch on live share prices and to buy/sell shares quickly via the internet. Online stock trading empowers you to take control of your stock investments.
To know more about online stock trading and demat/trading account opening, visit http://www.onlinestocktrading9.in