Coal India IPO Price Band fixed - Indian IPO Blog

Tuesday, October 12, 2010

Coal India IPO Price Band fixed

The Price Band for the much talked about Coal India IPO has been fixed at Rs.225/- to Rs.245/- per equity share. Coal India IPO, the IPO of the world's largest coal miner, will open for subscription from Monday, October 18, 2010. The Book Running Lead mangers to the issue are Citigroup Global Markets India Pvt. Ltd., Deutsche Equities (India) Pvt. Ltd., DSP Merrill Lynch Ltd., ENAM Securities Pvt. Ltd., Kotak Mahindra Capital Company Ltd. and Morgan Stanley India Company Pvt. Ltd.

Credit Rating Agency CRISIL has assigned an IPO Grade 5/5 to the proposed IPO of Coal India Ltd. (CIL) The grade indicates that the fundamentals of the IPO are strong relative to the other listed equity securities in India

Coal India Limited (CIL) is a Schedule 'A' 'Navratna' Public Sector Undertaking under Ministry of Coal, Government of India, with Headquarters in Kolkata, West Bengal. Stay tuned for more on Coal India Limited (CIL) IPO!

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