Coal India Ltd IPO oversubscribed by 8 times


The Initial Public Offer (IPO), of Coal India Ltd., with an offer to sell shares worth $3.5 billion got a tremendous response from the investing public. The issue closes on Wednesday for institutions while for retail investors, the issue closes for subscription on Thursday, 21 October 2010.

The Initial Public Offer (IPO), of Coal India Ltd., with an offer to sell shares worth $3.5 billion got a tremendous response from the investing public. The issue closes on Wednesday for institutions while for retail investors, the issue closes for subscription on Thursday, 21 October 2010.
Coal India Ltd is offering shares in the price range of Rs 225 to 245 On the third day of the issue the IPO has been oversubscribed to the extent of 8 times as per stock exchange data.


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