Bookbuilding IPO | ₹15,199 Cr | Listed at BSE, NSE | Mon, Oct 18, 2010 - Thu, Oct 21, 2010
Coal India IPO is a book build issue of ₹15,199.44 crores. The issue is entirely an offer for sale of 63.16 crore shares of ₹15,199.44 crore.
Coal India IPO bidding started from Oct 18, 2010 and ended on Oct 21, 2010. The shares got listed on BSE, NSE on Nov 4, 2010.
Coal India IPO price band is set at ₹245 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,125 (25 shares) (based on upper price). The lot size investment for sNII is 33 lots (825 shares), amounting to ₹2,02,125, and for bNII, it is 164 lots (4,100 shares), amounting to ₹10,04,500.
The issue includes a reservation of up to 6,31,63,644 shares for employees offered at a discount of ₹12.25 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Coal India IPO RHP for detailed Information.
IPO Open
Mon, Oct 18, 2010
IPO Close
Thu, Oct 21, 2010
Issue Price
₹245 per share
Market Cap (Pre-IPO)
₹1,54,750.93 Cr
| IPO Date | 18 to 21 Oct, 2010 |
| Listed on | Thu, Nov 4, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹225 to ₹245 |
| Issue Price | ₹245 per share |
| Lot Size | 25 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 12.25 per share |
| Employee Discount | ₹12.25 |
| Total Issue Size | 63,16,36,440 shares (agg. up to ₹15,199 Cr) |
| Offer for Sale | 63,16,36,440 shares of ₹10 (agg. up to ₹15,199 Cr) |
| Share Holding Pre Issue | 6,31,63,64,400 shares |
| Share Holding Post Issue | 6,31,63,64,400 shares |
| BSE Script Code / NSE Symbol | 533278 / COALINDIA |
| ISIN | INE522F01014 |
Coal India IPO comprises a total issue size of 63,16,36,440 shares. The net offer to the public is 56,84,72,796 shares, after excluding 6,31,63,644 shares under a preferential allotment. Of the Net offer 28,42,36,398 (50.00%) are allocated to QIB, 8,52,70,919 (15.00%) allocated to NII 19,89,65,479 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 28,42,36,398 | 50.00% | 45.00% | NA |
| NII (HNI) Shares Offered | 8,52,70,919 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 19,89,65,479 | 35.00% | 31.50% | 79,58,619 |
| Preferential Reservations | ||||
| Employee Shares Offered | 6,31,63,644 | 10.00% | NA | |
| Total Shares Offered | 63,16,36,440 | 100.00% | 100.00% | |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,125 |
| Retail (Max) | 32 | 800 | ₹1,96,000 |
| S-HNI (Min) | 33 | 825 | ₹2,02,125 |
| S-HNI (Max) | 163 | 4,075 | ₹9,98,375 |
| B-HNI (Min) | 164 | 4,100 | ₹10,04,500 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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. Company intend 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, fertiliser, brick kilns etc.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer. |
| KPI | |
|---|---|
| RoNW | 38.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 89.99% |
| Market Cap | ₹1,54,750.93 Cr. |
The Coal India IPO is subscribed 15.28 times on October 21, 2010 10:30:00 PM (Day 4). The public issue subscribed 2.31 times in the retail category, 24.7 times in the QIB category, and 25.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 24.7 | 28,42,36,398 | |
| NII | 25.4 | 8,52,70,919 | |
| Retail | 2.31 | 19,89,65,479 | |
| Employee | 0.1 | 6,31,63,644 | |
| Total | 15.28 | 63,16,36,440 |
CRISIL has assigned an IPO Grade 5 to Coal Indid Ltd IPO. This means as per CRISIL company has 'Strong fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Coal India Ltd.
Coal India Ltd IPO, Coal India IPO, Coal India IPO Bidding, Coal India IPO Allotment Status, Coal India drhp and Coal India Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | |
| 2 | Fees of the Registrar to the Offer | 0.00 |
| 3 | Fees of the legal advisors | 0.09 |
| 4 | Advertisement and marketing expenses | 9.93 |
| 5 | Fees to the Bankers to the Offer | |
| 6 | Other Expenses (Listing fees,Auditor’s fees, fees for Depositories, printing and stationery expenses, IPO Grading fees etc) | 18.42 |
| 7 | Underwriting commission, brokerage and selling commission (including fees payable to SCSBs) | 26.54 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹245.00 | ₹245.00 |
| Open | ₹287.75 | ₹291.00 |
| Low | ₹287.45 | ₹291.00 |
| High | ₹344.75 | ₹344.90 |
| Last Trade | ₹342.35 | ₹342.55 |
Lead Manager Reports
Coal India IPO is a main-board IPO of 63,16,36,440 equity shares of the face value of ₹10 aggregating up to ₹15,199 Crores. The issue is priced at ₹245 per share. The minimum order quantity is 25.
The IPO opens on Mon, Oct 18, 2010, and closes on Thu, Oct 21, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Coal India IPO using UPI as a payment gateway. Zerodha customers can apply in Coal India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Coal India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Coal India IPO opens on Mon, Oct 18, 2010 and closes on Thu, Oct 21, 2010.
Coal India IPO lot size is 25, and the minimum amount required for application is ₹6,125.
You can apply in Coal India IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Coal India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Coal India IPO allotment status.
The Coal India IPO listing date is on Thu, Nov 4, 2010.
