Coal India Limited IPO: Country’s Largest IPO Of Rs 13,000 Crores

09 Sep

Posted by Shyam as IPO Watch

The state owned Coal India Limited(CIL) which is the largest coal producing company in the world is coming up with its IPO in October 2010. Coal India Limited IPO is one of the grand IPOs being eagerly awaited by many investors in the stock markets now.

Coal India Limited (CIL) has filed The Draft Red Herring Prospectus (DRHP) with SEBI in August 2010. The Coal India Limited IPO will open for a proposed Rs 13,000 Crores in Oct 2010. Coal India Limited IPO will surpass as the largest IPO in the capital markets after RPower’s Rs 11,500 crores IPO in Jan 2008. Govt has decided to divest 10% of its stake in the Navratna PSU to bring the Coal India IPO.

Important Details about Coal India Limited IPO :-

Issue open date : Oct 18, 2010 to Oct 21,2010
Issue Size            : 631,636,440 Equity Shares of Rs.10 each.
Issue Price         : Rs 225 – Rs 245
Lot Size    : 25 Equity Shares and in multiple of 25 shares.
Discount              : 5% to retail investors.

On last Friday Sep 3rd 2010, CRISIL, the independent rating agency
has assigned a CRISIL IPO Grade of 5/5 which indicates strong fundamentals of the company. This will definitely urge many investors to subscribe for the Coal India IPO.

The proceeds from the Coal India Limited IPO will be used fund
infrastructure projects in the country. CIL will develop 20 additional coal beneficiation facilities. So investors are advised to subscribe for listing gains in Coal India IPO. Keep visiting the place to get Coal India Limited IPO details of the subscription, Coal India Limited IPO allotment status and Coal India IPO listing date. So are you going to subscribe for Coal India Ltd IPO? Please share your views here. Check what is happening in grey market for Coal India IPO issue here.

PS: The Coal India shares are listed today in the markets. Please check the Coal India IPO listing price here.

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[...] So overall things look great for Coal India IPO. For more information on Coal India IPO price, Coal India IPO date, Coal India IPO listing price, Coal India IPO allotment status please keep checking the place. [...]