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Coal india limited is the largest coal fabricating company globally, grounded on raw coal production of 431. 26 million tons in fiscal 2010. Coal india invent non-coking coal and coking coal of various grades for diverse applications.
After receiving good response from investors for the duration of subscription period, coal india (cil) – india’s largest coal fabricating company – is set to list its equity shares on exchanges on thursday. The company has raised more than rs 15,000 crore through ipo and limited a issue price at rs 245 a small percentage, at higher end of price band of rs 225-245. .
After a given discount of 5% to issue price, selling investors and laborers obtained shares at rs 232. 75 a small percentage.
There were reports that the grey market proposes a premium of more than rs 35, which means over 14% returns for qualified institutional and non-institutional investors while more than 20% benefits for selling investors and laborers.