Coal India IPO
Coal India IPO — date, price band, lot size & details 2010
Coal India listed on 4 Nov 2010 at ₹291, 18.8% above the ₹245 issue price.
Coal India is the largest coal producing company in the world, mining non coking and coking coal across eight Indian states. Its standalone profit after tax was Rs 3,779.92 crore in FY2010.
Stock price
Coal India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 18 Oct 2010
- Close 21 Oct 2010
- Allotment TBA
- Refund/credit TBA
- Listing 04 Nov 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 18 to 21 Oct, 2010 |
|---|---|
| Price Band | ₹225 – ₹245 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹15199.44 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 12.25 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,125 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 25 shares at the ₹245 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,125 |
| Retail (max) | 32 | 800 | ₹1,96,000 |
| S-HNI (min) | 33 | 825 | ₹2,02,125 |
| S-HNI (max) | 163 | 4,075 | ₹9,98,375 |
| B-HNI (min) | 164 | 4,100 | ₹10,04,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It produced 431.26 million tons of raw coal in fiscal 2010, the most of any company in the world.
- 02It operated 471 mines across 21 coalfields as of 31 March 2010.
- 03Standalone profit after tax rose from Rs 2,401.12 crore in FY2008 to Rs 3,779.92 crore in FY2010.
- 04Standalone net worth rose from Rs 12,310.61 crore in FY2008 to Rs 18,752.59 crore on 30 June 2010.
- 05It was also the largest coal reserve holder in the world, and borrowing was only Rs 1,464.30 crore in FY2010.
Risks · 5
- 01Coal prices and dispatch are shaped by government policy, and the government held 89.99% after the issue.
- 02The whole Rs 15,199.44 crore issue was an offer for sale, so none of it went to the company.
- 03Mining carries land acquisition, environmental and safety risks across its 471 mines.
- 04Many of its 273 underground mines are older and costlier to run than open cast mines.
- 05Its standalone figures mainly reflect income from subsidiaries; standalone total income was Rs 4,356.82 crore in FY2010.
Three years of numbers
All figures in ₹ crore, as reported in the Coal India offer document.
| Metric | 30 Jun 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 26,640.97 | 23,967.95 | 22,254.00 | 19,656.02 |
| Total Income | 3,325.06 | 4,356.82 | 4,130.27 | 2,980.99 |
| Profit After Tax | 3,169.30 | 3,779.92 | 3,290.18 | 2,401.12 |
| NET Worth | 18,752.59 | 15,583.30 | 14,115.77 | 12,310.61 |
| Reserves and Surplus | 12,436.23 | 9,266.93 | 7,799.40 | 5,994.25 |
| Total Borrowing | 1,519.27 | 1,464.30 | 1,786.63 | 1,510.83 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Coal India RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Coal India IPO will be updated shortly.
About the company
According to CRISIL Research quoted in its RHP, it is the largest coal producing company in the world, with raw coal production of 431.26 million tons in fiscal 2010, and the largest coal reserve holder in the world.
As of 31 March 2010 it operated 471 mines in 21 major coalfields across eight states, including 163 open cast, 273 underground and 35 mixed mines, and 17 coal beneficiation facilities with 39.40 million tons a year of feedstock capacity.
The IPO was Rs 15,199.44 crore and was entirely an offer for sale by the Government of India at Rs 245, the top of the Rs 225 to Rs 245 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Coal India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Bofa Securities India Limited
64 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Deutsche Equities India Pvt. Ltd
14 issues handledBest listing: Reliance Petroleum (+66.6%). Weakest: Adlabs Entertainment (-9.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Coal India?
The current Grey Market Premium is ₹0.
What is the Coal India IPO price band?
₹225 to ₹245, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 4 November 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
