The initial public offer (IPO) of India's largest coal producing company Coal India (CIL) has been fully subscribed on the 2nd day itself on the back of good response from qualified institutional investors.
The issue has been subscribed 1.57 times, as per the NSE website.
It has received bids for 99.12 Cr equity shares as against the issue size of 63.16 Cr shares. The reserved portion of QIBs got subscribed three times.
Issue closes on 21-Oct for Non-QIBs.
Subscribe to this issue for good listing gains.
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