The government's Offer for Sale (OFS) for Coal India Limited received a robust response from investors, achieving an oversubscription of 8.14 times on its first day. The Department of Investment and Public Asset Management (DIPAM) Secretary announced this success on social media, indicating that allocations will be made on a price priority basis. The government will exercise its full green shoe option, increasing the total offer size to 123,254,566 equity shares, which represents 2% of Coal India's total paid-up equity. Initially, the offer aimed to sell 61,627,283 shares. Retail investors will have access to 12,325,458 shares, or 10% of the total offer, while eligible employees can bid for up to 25,000 shares. The base cut-off price for the OFS is set at ₹450.10, with a green shoe cut-off price of ₹447.05 to accommodate excess demand. Coal India's shares closed at ₹463.05 on the National Stock Exchange, reflecting strong market interest.