Issue Open | Oct 18, 2010 |
Issue Close | Oct 21, 2010 |
IPO Price | ₹245 |
Face Value | ₹10 |
IPO Size | ₹15,199.44 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 25 |
Coal India Limited Government of India Undertaking Our Company was originally incorporated as a private limited company with the name of
'Coal Mines Authority Limited', under the Companies Act, 1956, as amended ("Companies
Act") on June 14,1973. Subsequently, pursuant to a shareholder's resolution dated
October 15,1975 and approval of the Ministry of Law, Justice and Company Affairs (letter
number RD/T/5226) dated October 21,1975, the name of our Company was changed to 'Coal
India Limited' and we received a fresh certificate of incorporation consequent
upon change of name dated October 21,1975 from the Registrar of Companies, West Bengal
("RoC"). Thereafter, pursuant to a resolution passed by the shareholders dated
February 16, 2010 and approval of the Ministry of Coal (letter number 38038/1/96-CA-II
(Vol.II)) dated July 31,2009, our Company was converted into a public limited company with
effect from February 24,2010. For further details in relation to corporate history of our
Company and for details of changes in the registered office of our Company, please see the
section titled "History and Certain Corporate Matters" on pages 126 and 131
respectively of the Prospectus. PROMOTER OF THE COMPANY: THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF COAL, GOVERNMENT OF INDIA BASIS OF ALLOTMENT PUBLIC OFFER OF 631,636,440 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY
SHARES") OF COAL INDIA LIMITED ("COAL INDIA" OR "OUR
COMPANY") THROUGH AN OFFER FOR SALE BY THE PRESIDENT OF INDIA, ACTING THROUGH THE
MINISTRY OF COAL, GOVERNMENT OF INDIA (THE "SELLING SHAREHOLDER") FOR CASH AT A
PRICE OF RS. 245* PER EQUITY SHARE AGGREGATING UP TO RS. 151,994.40* MILLION (THE
"OFFER"). THE OFFER COMPRISES A NET OFFER TO PUBLIC OF 568,472,796 EQUITY SHARES
(THE "NET OFFER") AND A RESERVATION OF 63,163,644 EQUITY SHARES FOR SUBSCRIPTION
BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER SHALL
CONSTITUTE 10.00% OF THE POST OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY AND THE
NET OFFER SHALL CONSTITUTE 9.00% OF THE POST OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR
COMPANY. This Offer was being made through the Book Building Process wherein at least 50% of
the Net Offer shall be Allotted on a proportionate basis to Qualified Institutional Buyers
("QIBs" and such portion the "QIB Portion"). Such number of Equity
Shares representing 5% of the QIB Portion was available for allocation on a proportionate
basis to Mutual Funds only. The remainder of the QIB Portion was available for allocation
on a proportionate basis to QIBs, subject to valid Bids being received from them at or
above the Offer Price. Further, not less than 15% of the Net Offer was available for
allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of
the Net Offer shall be available for allocation on a proportionate basis to Retail
Individual Bidders, subject to valid Bids being received from them at or above the Offer
Price. Further, 63,163,644 Equity Shares was available for allocation on a proportionate
basis to the Eligible Employees, subject to valid Bids being received from them at or
above the Offer Price.
Final Demand
The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited ("BSE") on 29 October, 2010. A. Allocation to Eligible Employees (After Technical Rejections) Including ASBA
Applications B. Allocation to Retail Investors (After Technical Rejections) Including ASBA
Applications
C. Allocation to Non Institutional Investors (After Technical Rejections) Including
ASBA Applications
D. Allocation to QIBs Including ASBA Applications
The Committee of Directors for IPO of the company at Its Meeting held at Kolkata, India
on 30 October 2010 has approved the Basis of Allotment of equity shares to various
successful applicants and Allotted the Equity Shares to various successful applicants. INVESTORS PLEASE NOTE All future correspondence in this regard may kindly be addressed to the Registrars
to the Offer quoting full name of the First/ Sole applicant, Serial number of the
bid-cum-application form, number of shares bid for, name of the Member of the Syndicate
and Place where the bid was submitted and payment details at the address given below:
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF COAL INDIA LIMITED Coal India Limited is proposing to make, subject to market conditions and other considerations, a public offer of equity shares through an offer for sale by the President of India, acting through the Ministry of Coal, Government of India and has filed a Prospectus with the Securities & Exchange Board of India ("SEBI") and the Registrar of Companies, West Bengal. The Prospectus is available on the SEBI website at www.sebi.gov.in as well as on the websites of the book running lead managers at http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, www.db.com/lndia, www.dspml.com, www.enam.com, www.kmcc.co.in and www.morganstanley.com/indiaofferdocuments. |
The Coal India IPO basis of allotment (published above) tells you how shares are allocated to you in Coal India IPO and category wise demand of IPO share.
Visit the Coal India IPO allotment status page to check the number of shares allocated to your application.
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