Coal India share price: On June 1, the OFS would be open for non-retail investors only. These investors, while placing their bids, can flag their willingness to carry forward their unallotted bids to T+1 day for allocation to them in case the retail category stays unsubscribed. On June 2 (tomorrow), it would be open for both retail and non-retail investors.
Coal India's two-day OFS opened on Thursday as the government is likely to raise Rs 4,200 crore via the offer by selling 18.48 crore equity shares or a 3 per cent stake in the company.
The government had offered over 8.31 crore shares to institutional investors on Thursday under the offer-for-sale (OFS)- route, but received bids for 28.76 crore shares or 3.46 times.