Coal India IPO Price Band fixed at Rs. 225 – 245, Opened on Oct 18

Coal India Limited (CIL) is a Schedule 'A' 'Navratna' Public Sector Undertaking under Ministry of Coal, Government of India, with Headquarters in Kolkata, West Bengal.

The Coal India IPO price band has finally been fixed at Rs. 225 – 245, and there is going to be a customary 5% discount to retail investors.

Coal India IPO, the IPO of the world's largest coal miner, will open for subscription from Monday, October 18, 2010. The Book Running Lead mangers to the issue are Citigroup Global Markets India Pvt. Ltd., Deutsche Equities (India) Pvt. Ltd., DSP Merrill Lynch Ltd., ENAM Securities Pvt. Ltd., Kotak Mahindra Capital Company Ltd. and Morgan Stanley India Company Pvt. Ltd.

Credit Rating Agency CRISIL has assigned an IPO Grade 5/5 to the proposed IPO of Coal India Ltd. (CIL) The grade indicates that the fundamentals of the IPO are strong relative to the other listed equity securities in India

The government expects to raise over Rs 15,000 crore through the IPO, which will be the largest ever amount raised by an Indian company via an offering. Jaiswal said, "We would not rope in anchor investors in the IPO."