Coal India IPO (Coal India Limited IPO) Detail

Coal India Limited is an Minerals based company, located in Kolkata, Coal India Limited IPO size was 15199.44 Cr. and was issued at 245.00 per share. The share of Coal India Limited were listed at 342.35 per share and are currently trading at 392.70 per share.

Kolkata

Minerals

Type :

Sub Sector : Minerals

MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :

13300.24 Cr.

PAT :

12677.16 Cr.

Pricing Report

Issue Price :

245.00

Listing Price :

342.35

Current Market Price :

392.70

Issue Price vs CMP :

147.7 (60.29%)

listing Price vs CMP :

50.35 (14.71%)

Performance Report (CAGR* wise)

CAGR : 3.28

-ve 0 6 9 12+

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.

About Coal India

Company Information

Coal India Limited is the largest coal-producing company in the world, based on its raw coal production of 431.26 million tons in fiscal 2010 (Source: CRISIL Research). It is also the largest coal reserve holder in the world, as of April 1, 2010 (Source: CRISIL Research). India is the world's third-largest producer and consumer of coal (Source: CRISIL Coal Outlook), and the company accounted for approximately 81.9% of India's coal production in fiscal 2009 (Source: CRISIL Coal Outlook). In fiscal 2009, coal met 52.4% of India's total primary energy requirement, while oil and natural gas met 41.6% (Source: BP Statistics).

As of March 31, 2010, the company operated 471 mines across 21 major coalfields in eight states in India, including 163 open-cast mines, 273 underground mines, and 35 mixed mines. It produces both non-coking and coking coal for various applications. The company produced 379.46 million tons, 403.73 million tons, and 431.26 million tons of raw coal in fiscal 2008, 2009, and 2010, respectively. Non-coking coal represented the majority of its raw coal production, accounting for 93.1%, 93.4%, and 91.6% of total coal production in fiscal 2008, 2009, and 2010, respectively. Most of the company's coal production comes from open-cast mines, which contributed 88.5%, 89.1%, and 90.0% of total raw coal production in fiscal 2008, 2009, and 2010, respectively.

The company continues to expand its raw coal production capacities. As of March 31, 2010, 45 projects (comprising 22 capacity expansion projects for existing mines and 23 new mine projects) had received the relevant investment approvals from the Board and the board of directors of relevant subsidiary companies. These projects are in various stages of mine planning and development. Of these, 25 projects with an estimated capacity of 47.51 million tons per annum are at various stages of implementation and are expected to become operational by the end of fiscal 2012. Additionally, 20 longer gestation projects with an aggregate estimated capacity of 33.27 million tons per annum are expected to become operational during the 12th Five-Year Plan period (2013-2018)

Object of Issue

Offer for Sale

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Detailed Review

Coal India MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Nov, 2010

IPO Size :

15199.44 Cr.

IPO Subscription :

15.28 X

PE Multiple :

0.00

Merchant Banker :
Axis Capital Limited

IPO Registrar:
Link Intime India Private Limited

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FAQs

1. What is Coal India IPO?

Coal India operates in Minerals and Minerals. The Issue is listed on BSE,NSE in Nov, 2010. Coal India IPO size was 15199.44 Cr. with Issue price of 245.00 .

2. Who is the merchant banker of Coal India IPO?

Merchant Banker(s) of Coal India IPO: Axis Capital Limited , Bofa Securities India Limited , Citigroup Global Markets India Private Limited , Deutsche Equities India Private Limited

3. How many times Coal India IPO was subscribed?

Coal India IPO subscription was 15.28 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Coal India IPO?

Coal India IPO listed at a listing price of 342.35 against the offer price of 245.00.

5. What is the current market price of Coal India IPO?

The current market price of Coal India is 392.70.

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