Coal India IPO Price Band

Coal India IPO Price BandGovernment fixed Coal India initial public offering price band at Rs 225-245 level, The company is a largest coal producer in india, Sriprakash Jaiswal -Coal Minister said. “retail investors and employee will get 5percent discounted to the issue price, CIL ipo will be listed on Nov 4, 2010.

The firm will not get any proceeds through the offer and all proceeds will go to the selling shareholder (GoI), whoever stake will be 89.99percent post the ipo issue. The IPO is placed to available for subscription on Oct 18 as well as will shut on Oct 21, 2010.

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