The Company and the selling shareholders have also granted its underwriters an over-allotment option for up to 900,000 ordinary shares.
Up to 330,000 shares could come from an over-allotment option.
The company will use the proceeds from the IPO to fund a thermal-coal project in Central Queensland, the term sheet said, adding that if an over-allotment option of 15% of the deal size is exercised, the proceeds would partially fund an iron-ore project in Western Australia.
Strong retail demand offset weaker-than-expected demand from institutional investors, allowing Enel to consider selling extra shares through its over-allotment option.
There is an over-allotment option to increase the size of the Hong Kong portion by up to 15% to as many as 412.2 million H-shares.
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