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.