Coal India IPO Price Band Fixed |CIL Issue Targets

Coal India IPO price band has finally been fixed at Rs. 225-245, and there will be a regular 5% discount to investors. Coal India IPO is the largest IPO in the world stock market history. It opens up sbscription, 18 October. The government will absorb around Rs 15,474 crore through the country's largest IPO, when the coal India issue opens on Monday.



Coal India is the world's largest coal company. It is one of India's largest public companies and coal India IPO will go to create a company with a market capitalization of over Rs 1.5 lakh crore. Its coal production has grown steadily and today is the largest coal mining company in the world. Coal India is a profitable, debt-free, large, financially healthy company.

CIL chairman Partha S Bhattacharyya told the Financial Chronicle, private investors and employees will be entitled to 5 per cent discount on issue price will be decided by ministers after the listing closes. Bhattacharyya was convinced that the price band would CIL be able to attract a large number of private and institutional buyers.CIL will offer 63.16 crore shares and 10 percent of the problem has been reserved employees.Other IPOs and FPOs on the road is from sails, Power Grid Corporation of India and Hindustan Copper and manganese India. Both FPOs expected to hit the market in the last quarter of this year.