Overview
- Shares listed at Rs 45 on NSE and BSE, roughly 96–97% above the Rs 23 issue price.
- Profit-taking pulled the stock about 11% below the listing level to Rs 40.17 intraday, with closing near Rs 40.6 for a day-one gain of around 76–77%.
- The IPO drew exceptional interest at roughly 146–147 times overall subscription, with heavy QIB, NII and retail participation.
- The Rs 1,071 crore issue was a 46.57 crore-share offer-for-sale by Coal India, which retains about 90% ownership post-listing.
- Coal India signaled accelerated subsidiary listings, with CMPDI’s draft filed with SEBI and in-principle approvals for MCL and SECL.