Coal India IPO Basis of Allotment

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.
Registered and Corporate Office: Coal Bhawan, 10, Netaji Subhas Road, Kolkata 700 001, West Bengal; Telephone: + 91 33 2248 8099; Facsimile: +91 33 2243 5316 Compliance Officer: Dr. H. Sarkar; Telephone: + 91 33 2248 5123; Facsimile: +91 33 2231 5060; Email: complianceofficer@coalindia.in; Website: www.coalindia.in

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.
The Offer received 1,664,977 applications for 9,600,622,625 equity shares resulting in 15.1996 times subscription (Before technical rejections and cheque returns). Out of these there were 313,175 no. of applications for 6,840,061,150 no.of Equity Shares made under the ASBA process. The details of the applications received in the Offer from Qualified Institutional Buyers. Non-Institutional and Retail Investor and Eligible Employee categories are as under: (Before technical rejections and cheque returns).

Final Demand
A sample of the final demand at different bid prices is as under:

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
The Basis of Allotment to the Eligible Employees, who have bid at the Cut-Off price or at and above the Offer Price of Rs.245/- per Equity Share, was finalized in consultation with the BSE. The category was subscribed to the extent of 0.096203 times. Tne total number of shares allotted in this category is 6,076,550 Equity Shares to 24,687 applicants. Full and firm allotment was made to all valid applications received in this category.

B. Allocation to Retail Investors (After Technical Rejections) Including ASBA Applications
The Basis of Allotment to the Retail Investors, who have bid at cut-off or at and above the Offer Price of Rs.245/- per Equity Share, was finalized in consultation with the BSE. The category was subscribed 2.007793 times. The total number of shares allotted in this category is 218,945,962 Equity Shares including spillover from Eligible Employee Reservation Category to the extent of 19,980,483 Equity Shares to 1,517,069 applicants. The category-wise details of the Basis of Allotment are as under:

C. Allocation to Non Institutional Investors (After Technical Rejections) Including ASBA Applications
The Basis of Allotment to the Non Institutional Investors, who have bid at the Offer Price of Rs.245/- per Equity Share, was finalized in consultation with the BSE. The category was subscribed 22.670972 times. The total number of shares allotted in this category is 93,833,983 Equity Shares including spillover from Eligible Employee Category to the extent of 8,563,064 Equity Shares to 8,717 applicants. A sample of the category-wise details of the Basis of Allotment are as under:

D. Allocation to QIBs Including ASBA Applications
Allocation to QIBs has been done on a proportionate basis in consultation with the BSE. As per SEBI regulations Mutual Funds were initially allocated 5% of the quantum of shares available (15,638,997 Shares) including spillover from Eligible Employee Reservation Category to the extent of 1,427,177 Equity Shares and other QIBs were allocated the remaining available equity shares (297,140,948 Equity Shares) including spillover from the Eligible Employee Reservation Category to the extent of 27,116,370 Equity Shares.