The Coal India initial public offer (IPO) has been opened for subscription today. However, the rate at which it is being evaluated, has kept the experts busy.

This is the largest ever IPO that could mope up more than 15,000 crore for the government. Earlier, Reliance Power was the biggest IPO, which raised more than Rs 11,000 crore to the company.

The initial price of Coal India IPO has been fixed at Rs 225-245 per share and more than 63 crore shares are on sale.

According to an expert, CIL IPO is 40% cheaper than peers on EV/EBITDA. She said only 18% of it is top quality coal.

However, some experts believe the IPO is well priced and looks like it is worth investing in. So, the issues on the quality of the company or the pricing or anything would be of short-lived.