Business Standard

Coal India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

15,199.40 cr

Price Range (₹)

245

Lot Size

25

Min Investment (₹)

6,125.00

Listing Exchange

MumbaiNSE

Open Date

18-Oct-2010

Close Date

21-Oct-2010

Listing Date

04-Nov-2010

Coal India Ltd News

    The Shares of Coal India Ltd have now been listed.

    Coal India Ltd IPO Details

    Public offer of 631,636,440 equity shares of face value of Rs. 10 each (Equity Shares) of Coal India Limited (Coal India or The Company) through an offer for sale by The President of India, acting through the Ministry of Coal, Government of India (The selling shareholder) for cash at a price of Rs. 245* per equity share aggregating to Rs. 15199.44* crores (The Offer). The offer comprises a net offer to public of 568,472,796 equity shares (The Net Offer) and a reservation of 63,163,644 equityshares for subscription by eligible employees (The employee reservation portion). The offer shall constitute 10.00% of the post offer paid-up equity share capital of the company and the net offer shall constitue 9.00% of the post offer paid-up equity share capital of the company.The face value per equity share is Rs. 10/- each and the offer price is Rs. 245* per equity share of face value.The offer price is 24.5 times of the face value* After adjusting for 5% discount to the offer price offered to the retail individual bidders and eligible employees (Retail and Employee Discount) as decided by the selling shareholder and the company in consultation with the BRLMs.

    Objective of issue

    Listing fees on Stock Exchanges.

    Coal India Ltd Contact Details

    Coal India Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - mviswanathan2.cil@coalindia.in; complianceofficer.

    Website - www.coalindia.in