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The Government is selling 631.6 million shares. The retail investors and Coal India employees will be offered a 5% discount.
The IPO will start on Oct. 18 and will close on Oct. 21.
The nation's largest public issue so far is here.Coal India plans to raise up to Rs. 51.54bn (US$3.5bn) through an IPO. On Tuesday, the Government set a price band of Rs. 225 to Rs. 245 a share for the Coal India IPO. Coal India Ltd. Chairman Partha Bhattacharyya said on Wednesday that the company has set aside US$1.2bn for overseas acquisitions in the current fiscal year. 

Nifty future's projected high and low for next session is 6158 and 6010 (use this projection with other indicators). Immediate support now comes at 6075 and break below 6075 it is more weak for 6050-6003 or even 5963. Resistance now comes at 6083-6097 and sustaining above 6097 will retest resistances neat 6121-6169-6193 upside. Crossover above 6243-6248 will bring Nifty future back to bull orbit again. Till then it is a sell recommendation in rallies.
Bank Nifty future's projected high and low for next session is 12561 and 12280 (use this projection with other indicators). Support now comes near 12422 and breach of the same may take it down to 12360. Real panic may start if 12360 also gets broken for 12190-12180. But if sustains above 12465 on Monday we can see some dead cat bounce towards at least 12627-12629 on the upside.

Nifty future important levels for Monday, 18th October:
R3 6326 R2 6276 R1 6178 PP 6127 S1 6029 S2 5978 S3 5881
Bank Nifty future important levels for Monday, 18th October:
R3 12886 R2 12785 R1 12605 PP 12505 S1 12324 S2 12224 S3 12044

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