As the IPO from the India's largest coal producing company, Coal India is expected to hit the markets sometime soon the sources are of a view that the company will price its IPO near the Rs. 225/250 mark.

It has been learned that the company will be filing the red herring prospectus for the IPO in this week and issue will open for public subscription of the 18th of October.

While the total company is valued at a whopping $1.8 trillion, the source also mentioned the fact that the company will import close to 2 million tonne coal for its Damodar Valley and import 4 million tonne coal for NTPC in the next
45 days. It is to be mentioned here that the company still now has no plans to hike its coal prices as of now.

For the record, the company will be issuing close to 63.16 crore equity shares via the IPO and government will constitute a 10% of post-IPO paid up equity share capital of the company. The company also said that the IPO will close on the 21st October.