Coal India IPO listed at price of Rs. 287.75 on BSE today awarded a high premium to its retail investors with a return of more than 17 percent on debut. The share touched price of Rs. 342 in early hours of trade giving return of around Rs. 100 on every share which was issued to retail investors at Rs.199 (5% discount).
Coal India is India’s largest coal company with majority stake owned by Government of India. .
Coal India has raised around Rs.15,000 crores from the market with its IPO. Coal India market cap went up to Rs. 2.13 lac crore with the premium listing of its share on BSE. It crossed Rs. 3.10 crore trading volume in the starting hours of trading.