Coal India OFS: Maharatna PSU Stock In Green As OFS For Retail Investors Opens Today| All How To Subscribe?

Coal India OFS: Coal India shares surged during Friday's trading session as the Maharatna PSU's offer for sale for retail investors open today for subscription. Coal India OFS for retail investors came a day after it saw strong demand for its non-retail portion.

Coal India share price was trading 1.04% lower at Rs 470 per share on BSE with a market capitalisation of Rs 2,88,076.74 crore at 9:30 am on Friday. The stock had touched an intraday high of Rs 468.70 per share and an intraday low of Rs 457.20 per share during Friday's trading session so far.

Coal India OFS Opens For Retail Investors Today: Key Things To Know

Coal India OFS for retail investors opened on Friday. The company has fixed Rs 447.12 per share as the bidding price. Before the Coal India OFS for retail investors, the OFS opened for non-retail investors on May 27. On the first day of OFS issue, institutional investors had put in bids worth Rs 19,000 crore.

Coal India OFS Subscribed 8 Times By Non-Retail Investors

Coal India OFS was subscribed to nearly 8 times by the non-retail or institutional investors. Non-retail investors had subscribed to the OFS for more than 45.15 crore shares or over 8 times at an indicative price of Rs 436.69 per share. Considering the indicative price, bids of over 45.15 crore shares were equivalent to Rs 19,000 crore.

Nearly 10% or around 1.23 crore shares are reserved from Coal India's total OFS size. Additionally, around 25,000 shares have been reserved for eligible employees of Coal India under under the reservation category.

How To Subscribe to Coal India OFS?

Retail investors can apply for Coal India OFS subscription via any of the stock trading platforms. Open any platform, like Zerodha, Groww, Angel One, etc.

Look for the OFS category, and choose the Coal India OFS option.

Before applying for Coal India OFS, ensure that you have sufficient funds in your trading account.

One of the key requirements for OFS subscription is that the bid price should be above the applicable cut-off price. Bids below the cut-off level may get rejected.

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