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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 ₹245.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹5,625 (25 shares). 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 Date | October 18, 2010 to October 21, 2010 |
| Listing Date | November 4, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹225 to ₹245 per share |
| Issue Price Final | ₹245 per share |
| Lot Size | 25 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 63,16,36,440 shares (aggregating up to ₹15,199.44 Cr) |
| Retail Discount | Rs 12.25 per share |
| Employee Discount | ₹12.25 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 6,31,63,64,400 shares |
| Share Holding Post Issue | 6,31,63,64,400 shares |
Coal India IPO offers total 63,16,36,440 shares. Out of which 28,42,36,398 (45.00%) allocated to QIB, 8,52,70,919 (13.50%) allocated to NII, 19,89,65,479 (31.50%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 28,42,36,398 (45.00%) | NA |
| NII (HNI) Shares Offered | 8,52,70,919 (13.50%) | NA |
| Retail Shares Offered | 19,89,65,479 (31.50%) | 79,58,619 |
| Employee Shares Offered | 6,31,63,644 (10.00%) | NA |
| Total Shares Offered | 63,16,36,440 (100.00%) |
| 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 IPO opens on October 18, 2010, and closes on October 21, 2010.
| IPO Open Date | Mon, Oct 18, 2010 |
| IPO Close Date | Thu, Oct 21, 2010 |
| Tentative Listing Date | Thu, Nov 4, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 21, 2010 |
Investors can bid for a minimum of 25 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 38.04% |
The Company Coal India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer. |
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.
| Listing Date | November 4, 2010 |
| BSE Script Code | 533278 |
| NSE Symbol | COALINDIA |
| ISIN | INE522F01014 |
| Final Issue Price | ₹245 per share |
| BSE Listing Group | B |
Coal India Ltd.
Coal Bhawan,
10, Netaji Subhas Road,
Kolkata 700 001, West Bengal
Kolkata, West Bengal
Phone: + 91 33 2248 8099
Email: complianceofficer@coalindia.in
Website: http://www.coalindia.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cil.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹15,199.44 Crores. The issue is priced at ₹245 per share. The minimum order quantity is 25.
The IPO opens on October 18, 2010, and closes on October 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 October 18, 2010 and closes on October 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 Thursday, November 4, 2010.
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