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The Times of India reports that Coal India’s IPO, the most significant in size in Indian Corporate History, was subscribed 1.57 times, receiving 991,179,700 bids against 631,636,440 shares. The story is quoted as saying: The mega public float, experts believe, is expected to attract foreign investors and lead to a surge in dollar inflows, pushing […]
The Times of India reports that Coal India’s IPO, the most significant in size in Indian Corporate History, was subscribed 1.57 times, receiving 991,179,700 bids against 631,636,440 shares.
The story is quoted as saying:
The mega public float, experts believe, is expected to attract foreign investors and lead to a surge in dollar inflows, pushing the Indian rupee further up. It could cause a liquidity crunch for a short while and lead to correction in the secondary market.
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