Coal India IPO : Basis of Allotment

by khalid on 01/11/2010 · 0 comments

Coal India Ltd IPO got oversubscribed by 15.28 times ( 25.40 times in Non Institutional Investors Buyers Category ). The IPO was open on 18th Oct 2010 and got closed on 21st October 2010. The price band for the issue was Rs 225 at lower level and Rs 245 at upper level. The shares are issued at Rs 245, the upper level of the price band. Retail Individual Investors Category has been subscribed to the extent of 2.31 times. People who had applied for 50 or more shares in the retail segment were given firm allotment of 25 shares or more. People who had applied for the max lot i.e. 400 shares were given 199 shares in retail segment.

Click here for full report of Basis of Allotment.

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