10 Largest IPOs in India
Bangalore: An IPO (initial public offering) is a matter or an application by a company to the public in the form of usual stock or shares. They are frequently offered by new and medium sized firms looking for funds to grow. The Indian government has been playing hands-on role in the real estate market. Most IPOs are of the firms that practice fleet growth, and they are hence permitted to supplementary indistinctness related to their future performance. Listed below are some largest IPOs in India, take a look!
Coal India Limited
The world's largest coal miner company, Coal India Limited is an Indian state-controlled company headquartered in Kolkata, West Bengal. It was previously owned by the Union Government of India, under the administration of Ministry of Coal. It is basically involved in coal mining g and production industry. The company was ranked as India's most valuable company by market value. CIL made its first initial public offering (IPO) in 2010 and got subscribed 15.28 times, collecting a record over 2,40,000 crore- the highest IPO subscription till date. On its first day of listing on the Sensex, the stocks for the company closed at 40 percent higher than IPO price. The largest public offer from the company rose up to 15, 000 crore. The shares of Coal India Limited are trading at 327.00 at the stock market today.
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