Coal India IPO : Settled at 39.73% premium on debut

by khalid on 04/11/2010 · 1 comment

Coal India Limited’s shares got debuted at Rs 287.75, a nice 17.45% premium over its initial public offering (IPO) price of Rs 245.00. At the end of the day, shares price was Rs 342.35 which is a premium of 39.73% over the issue price of Rs 245.00. The stock hit a high of Rs. 344.75 and low of Rs. 287.45 on the listing day. Coal India is a Navratna company of Indian Government. Coal India produce non-coking coal and coking coal of various grades for diverse applications.

Listing day Summary :-
Listing Date: 4th Nov 2010
BSE Scrip Code : 533278
Listing In : ‘B’ Group of Securities
ISIN : INE522F01014
Issue Price : Rs. 245.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 245.00
Open : 287.75
High : 344.75
Low : 287.45
Close : 342.35
Last Trade : 342.35

Coal India Limited has raised Rs 15,475.09 crore through an initial public offering of 631,636,440 equity shares. The strong debut helped Coal India emerge as the fourth largest firm, with a market capitalization of Rs 216240.58 crore.

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Rahul November 7, 2010

Dear Friends,
Good chance for Coal India IPO Allottees. Book profit on remaining shares held by you guys on monday morning. Share likely to go down after monday.


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