Overview
- Exchange data show overall subscription of about 146–147 times, including 310.81x for QIBs, 258x for NIIs and roughly 49x for retail investors.
- Shares are slated to list on BSE and NSE on Jan. 16, with credits to demat accounts and refunds expected before the debut.
- The latest grey-market premium is reported near Rs 13.4 per share, implying an indicative listing price around Rs 36.4, though GMP is unofficial and can change.
- The price band was Rs 21–23 with a lot size of 600 shares, and the issue followed an anchor allocation of about Rs 273.13 crore.
- BCCL, a wholly owned Coal India subsidiary with 34 mines across Jharia and Raniganj, drew broadly positive brokerage views that cited valuation support and sector positioning.