Friday, 15 October 2010

Coal India Limited Issues IPO

Worlds Larges coal producing compnay, Coal India Limited issues Initial Public offering of 631,636,440 equity shares wih a face value or Rs. 10 per share.

The Compnay produces non-coking coal and coking coal in different grades for various applications. The production is around 431 million tons in 2010. It is a schedule ‘A’ ‘Navaratna’ Public Sector Undertaking under Ministry of Coal, Government of India. The Head Quarters of CIL is in Kolkata, West Bengal.

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. Company intends to develop an additional 20 coal beneficiation facilities with an aggregate additional proposed feedstock capacity of 111.10 million tons per annum. Besides this, they provided 85 hospitals and 424 dispensaries.

The Indian Institute of Coal Management (IICM) operates under CIL and imparts multi disciplinary management development programs executives.

Coal India's major consumers are the power and steel sectors. Others include cement, fertilizer, brick kilns etc.

Issue Detail of CIL IPO

Date of Issue

Issue opens from 18th October, 2010 to 21st October, 2010 as 100% Book Built Issue IPO. If you need to apply for the IPO it should be on or between these dates.

100% Book Built Issue IPO

IPOs may be Book-built IPOs or Fixed Price IPOs. In a book- built IPO, IPOs invited bids with a price range. A minimum price range and a maximum price range will be there and the investor can bid as per his decision. But in Fixed Price IPOs the price is fixed at the time of issue. Here Coal India Limited offer the IPO with a price range of Rs. 225 to Rs. 245 per equity shares.

Face Value of Equity Share

The face value is Rs. 10 per equity shares.

Issue size

Number of equity shares is 631,636,440 of Rs. 10

Minimum order quantity

Minimum order quantity is 25 shares and listing at BSE and NSE

Note/Disclaimer: This website is just meant for information purpose and it is NOT an official website of Coal India Limited. For more details please refer dtailed notification from Coal India Limited.  Readers are requested not to entirely rely on information available on this website without independent verification of the same and or anyone related to this site will not responsible for any accuracy of the information.

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