Coal India Limited launches largest ever Indian IPO

Coal India Limited has planned to raise Rs 15,000 crore through Initial Public Offering (IPO) that opened on October 18, 2010. The company is offering to sell 63.16 crore shares at a price band of Rs 225-245 for each share. Disclosing this at a press conference in Patna on October 18, 2010, Chairman and Managing Director Northern Coalfields Limited VK Singh said the entire proceeds from the IPO would go to the infrastructure fund of the government.

Photo: Aftab Alam Siddiqui