Coal India’s initial public offer (IPO) is likely to hit the market in August. Merchant bankers have estimated the entire valuation of the IPO at USD 30-50 billion.
Partha Bhattacharya, Chairman, Coal India says that it will be the largest government IPO till date.
Six investment banks have been short-listed for the IPO. The banks include Citibank, Morgan Stanley, Deutsche Bank, Kotak Mahindra, Enam Securities and DSP Merill Lynch.
Bhattacharya said that it may offer 5% discount to retail investors while 1% is reserved for its employees. “We will facilitate demat account for employees and may tie-up for loans for employees, he adds..
[Source : https://www.moneycontrol.com/news/ipo-upcoming-issues/coal�s-ipo-to-launchaugust_458039.html ]
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