Issue Open: October 18, 2010
Issue close: October 21, 2010
Price Band: Rs. 225 – Rs. 245 Per Equity Share
Minimum Bid Size: 25 Equity Shares
Face Value: Rs. 10 Per Equity Share
Issue Type: 100% Book Building
Maximum Subscription Amount for Retail Investor: Rs. 100000
COAL INDIA LTD IPO:
Coal India Limited is the largest coal producing company in the world, based on raw coal production of 431.26 million tons in fiscal 2010. Coal India produce non-coking coal and coking coal of various grades for diverse applications.As of March 31, 2010, Coal India operated 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines (includes both open cast and underground mines). They also operated 17 coal beneficiation facilities with an aggregate designed feedstock capacity of 39.40 million tons per annum. Coal India’s major consumers are the power and steel sectors. Others include cement, fertiliser, brick kilns etc.
IPO Grading / Rating:
CRISIL has assigned an IPO Grade 5 to Coal Indid Ltd IPO. This means as per CRISIL company has ‘Strong fundamentals’.
Source: Geojit