WARSAW, June 16 (Reuters) - Polish coal miner Bogdanka's initial public offering (IPO) has been heavily oversubscribed and individual investors will get only 11.8 percent of the shares they have applied for.
Also, financial and institutional investors have signed up for all available stock in the largest share issue on the Warsaw bourse so far this year, Bogdanka said on Tuesday.
Poland's most profitable coal miner aims to raise 528 million zlotys ($161 million) from the IPO. The issue price has previously been set at 48 zlotys, the top of an indicated 42-48 zloty range and valuing Bogdanka at 1.6 billion zlotys. (Reporting by Adrian Krajewski; Editing by Dan Lalor) ($1 = 3.278 zlotys)