Coal India Limited is the world’s largest coal producer, with raw coal production of 431.26 million metric tonnes in fiscal 2010. Coal India produces several grades of non-coking coal and coking coal for an array of applications.
Coal India operated 471 mines in 21 main coalfields across eight Indian states as of March 31, 2010, which includes 163 open cast mines, 273 underground mines, and 35 mixed mines (which comprise both open cast and beneath the ground mines). They also ran 17 coal beneficiation plants with a combined designed feedstock capacity of 39.40 million tonnes per year. The company proposes to build an additional 20 coal beneficiation facilities, with an extra planned feedstock capacity of 111.10 million tonnes per year. In addition, they provided 85 hospitals and 424 dispensaries.
IPO Subscription Status of Coal India is given below:
- IPO Dates: 18 Oct 2010 – 21 Oct 2010
- IPO Price Band: Rs. 225 – Rs. 245
- Subscription Till : 20-Oct-2010
- Qualified Institutional Buyers (QIBs): 24.70 times
- Non Institutional Investors: 25.40 times
- Retail Individual Investors (RIIs): 2.31 times
- Employee Reservations: 0.10 times
- Total Subscription : 15.28 times
Coal India IPO GMP & Details
| IPO Date | Oct 18, 2010 to Oct 21, 2010 |
| Listing Date | Nov 4, 2010 |
| Face Value | ₹10 per share |
| Price | ₹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 |
Coal India IPO Lot Size
The Coal India IPO lot size is 25 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,125 |
| Retail (Max) | 32 | 800 | ₹196,000 |
Coal India IPO Reservation
| Anchor Investor Shares Offered | – |
| QIB Shares Offered | 284,236,398 (45.00%) |
| NII (HNI) Shares Offered | 85,270,919 (13.50%) |
| Retail Shares Offered | 198,965,479 (31.50%) |
| Total Shares Offered | 631,636,440 (100%) |
Objects of the Issue
The objects of the Offer are to carry out the divestment of 631,636,440 Equity Shares by the Selling Shareholder and to achieve the benefits of lisitng the Equity Shares on the Stock Exchanges.
Coal India IPO Subscription Status (Bidding Detail)
The Coal India IPO is subscribed 15.28 times on Oct 21, 2010 10:30:00 PM. The public issue subscribed 2.31 times in the retail category, 24.70 times in the QIB category, and 25.40 times in the NII category.
| Category | Subscription (times) |
|---|---|
| QIB | 24.70 |
| NII | 25.40 |
| Retail | 2.31 |
| Employee | 0.10 |
| Total | 15.28 |
Coal India Ltd IPO Grading / Rating
The Coal Indid Ltd IPO has received an IPO Grade 5 from CRISIL. This indicates that the company has ‘Strong fundamentals’, according to CRISIL. CRISIL grades IPOs on a 5-point scale, with 5 indicating outstanding fundamentals and 1 indicating poor fundamentals.
Company Contact Information
Coal India Limited
Coal Bhawan,
10, Netaji Subhas Road,
Kolkata 700 001, West Bengal
Phone: + 91 33 2248 8099
Email: [email protected]
Website: http://www.coalindia.in
Coal India IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Coal India IPO Lead Manager(s)
- Citigroup Global Markets India Private Limited (Past IPO Performance)
- Deutsche Equities India Private Limited (Past IPO Performance)
- Bofa Securities India Limited (Past IPO Performance)
- Axis Capital Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Morgan Stanley India Company Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Coal India IPO FAQs
Q1. What is Coal India IPO?
Ans. Coal India IPO is a main-board IPO of 631,636,440 equity shares of the face value of ₹10 aggregating up to ₹15,199.44 Crores. The issue is priced at ₹225 to ₹245 per share. The minimum order quantity is 25 Shares. The IPO opens on Oct 18, 2010, and closes on Oct 21, 2010. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When Coal India IPO will open?
Ans. The Coal India IPO opens on Oct 18, 2010 and closes on Oct 21, 2010.
Q3. What is the lot size of Coal India IPO?
Ans. Coal India IPO lot size is 25 Shares and the minimum order quantity is .
Q4. How to apply for Coal India IPO?
Ans. You can apply in Coal India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
Q5. When is Coal India IPO listing date?
Ans. The Coal India IPO listing date is on Nov 4, 2010.
