Coal India IPO mops up 2,36,000 cr

Coal India IPO mops up 2,36,000 cr

The initial public offer of Coal India, the largest in Indian history, opened on Monday and by the time it closed on Thursday mobilised Rs 2.36 lakh crore, over 15 times the target of Rs 15,500 crore.

The success of Coal India also sets an impressive benchmark for PSU Navaratnas like SAIL, Hindustan Copper, Manganese Ore and Power Grid which are lined up to tap the capital markets in coming months.

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