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Coal India IPO fully subscribed on third day

On the strength of good response the Initial Public Offer (IPO) of Coal India IPO has been has been fully subscribed on October 19, 2010 the second day of the issue as per authoritative sources . The Company has received bids for 99.12 crore equity shares against which the issue size is 63.16 crore shares. Thus the portion reserved for QIBs has been subscribed to about 3.4 times.

Coal India Ltd to debut Initial Public Offer on October 18, 2010

Coal India Ltd, a Public Sector Undertaking, is to debut its Initial Public Offering on Monday, the October 18, 2010 . Coal India Ltd. , one of India's National Assets is the largest producer of coal in the world. The Government is divesting 10 percent or Rs 15000 crores worth shares to the Indian Public. The objective of the divestment is also for "spreading the equity cult in the country".
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