Bharat Coking Coal IPO: From price band and lot size to timeline, 10 key points to know

Bharat Coking Coal IPO: The initial public offering of Bharat Coking Coal Ltd (BCCL), an arm of Coal India, is all set to hit the primary market on Friday, January 9. The issue, with a price band of ₹21 to ₹23 per share, will conclude on January 13.

As the IPO is just a few days away, here are key things you should know.

Bharat Coking Coal IPO: 10 key things to know

• Bharat Coking Coal IPO subscription period: The initial public offering will be live from January 9 to January 13.
• Anchor investor bidding date: The bidding for anchor investors will take place on Thursday, January 8.
• IPO offer structure: The ₹1,071.11 crore initial share sale is completely an offer for sale of 465,700,000 shares by promoter Coal India.
• Objectives: Since there is no fresh issuance of shares, the company will not get any proceeds from the issue. The funds will go to the promoter selling shareholder.
• Bharat Coking Coal IPO price band: The price band has been fixed at ₹21 to ₹23 per share.
• Reservation: The company has set aside 50% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 35% for retail institutional investors.
• Bharat Coking Coal IPO lot size: Retail investors can bid for a minimum of 600 shares and in multiples thereafter.
• Book-running lead manager and registrar: IDBI Capital Markets & Securities and ICICI Securities are the IPO's book-running lead managers. KFin Technologies serves as the registrar.
• Bharat Coking Coal IPO allotment date: The basis for the allotment is likely to be finalised on January 14.
• Listing date: The listing on the NSE and the BSE will take place on January 16.

Bharat Coking Coal IPO GMP

According to media reports and investorgain.com, Bharat Coking Coal's unlisted shares are trading at ₹36.5, reflecting a grey market premium of 58.70%, or ₹13.5, over the upper price band of ₹23.