Coal India - IPO Status

A few months ago, Brazillian company Petrobas raised US$ 70 Billion in an IPO and the stock got listed in Sau Paulo and not in New York or London as it used to be.

Now Coal India which wanted to raise some $ 3 billion has got subscription of $ 54 Billion which is truly phenomenal. With the pre-IPO expectation of three to four times oversubscription, markets were thrilled to see the tremendous response. Thanks to the 'Govt Campaign' and all the feel good factor in the IPO run up. For an issue of such big size (15000 crores), to get over susbcribed by 20 times (3,00,000 Crores) is indeed a great achievement.