Coal India, the India’s biggest coal producing company’s IPO or initial public offer has now opened today for subscription. The company plans to increase over Rs. 15,000 crores with this IPO that is in fact the biggest amount in the history of India. Earlier, Reliance Power served to be the largest IPO that raised over Rs. 11,000 crore.
In other words, this IPO is the largest that could brood over 15,000 crore for Indian government. As per the specialists, Coal India IPO is about 40 percent cheaper as compared to others. The experts reported just 18 percent of it is high quality coal.
The booking lead managers of this IPO include Deutsche Equities Private Limited, ENAM Securities Private Limited, Morgan Stanley India Company Private Limited, Kotak Mahindra Capital Company Limited, DSP Merrill Lynch Limited and Citigroup Global Markets India Private Limited.