Coal India IPO Update: The book-built IPO of Rs 15,199.44 crores is called Coal India. The bidding for the Coal India IPO began on October 18, 2010, and it concluded on October 21, 2010. On November 4, 2010, the shares were listed on the BSE and NSE. The pricing range for the Coal India IPO is ₹225 to ₹245 per share. An application must have a minimum lot size of 25 shares. Retail investors are required to invest a minimum of ₹6,125.
Coal India IPO Details
IPO Date | October 18, 2010 |
IPO Close Date | October 21, 2010 |
Listing Date | November 4, 2010 |
Face Value | ₹10 per share |
Price Band | ₹225 to ₹245 per share |
Lot Size | 25 Shares |
Total Issue Size | 631,636,440 shares
(aggregating up to ₹15,199.44 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
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About the Company – Coal India
The Ministry of Coal, Government of India, oversees Coal India Limited (CIL), a Schedule “A” “Navratna” public sector undertaking with its headquarters located in Kolkata, West Bengal. For a range of applications, we provide different grades of both coking and non-coking coal. We operated 471 mines as of March 31, 2010, comprising 163 open cast mines, 273 underground mines, and 35 mixed mines (which combine both open cast and subterranean mines) across 21 significant coalfields spanning eight states in India.
With a combined planned feedstock capacity of 39.40 million tons annually, we also managed 17 coal beneficiation facilities. With a total proposed feedstock capacity of 111.10 million tons annually, we want to build an additional 20 coal beneficiation facilities. In addition, we supplied 424 hospitals and 85 hospitals.