According to the recently made announcement by Anagram Stock Broking the brokerage house has recommended a subscribe option to its clients.

It is to be mentioned here that state owned company has been planning an entry into the stock market for a very long time now and it has finally chosen 18th October 2010 as the final date.

The company has announced a price band of Rs 225- Rs 245 through a 100% book building process. While the issue will close on the 20th October 2010, the less than expected price band has attracted a lot of investor interest towards the company in the initial phase.

As the company is very much related to the field of electricity distribution which has a lot of scope in the country, it is believed that the IPO of the company will be a big hit among the retail and high net worth investors.

It may be noted here that the coal accounted for 52.4% of India’s total energy needs in the last year wherein the country imported close to 59 million tons of coal.