BCCL: Bharat Coking Coal IPO: Day 2 Update
The IPO of Bharat Coking Coal is really interesting for the investors! After a fantastic first day when the bids came in heavily and the issue was oversubscribed 8.09 times in just a few minutes, now the action is still on January 12. The IPO, which opened on January 10 and will close on January 13, has already secured ₹273.1 crore from the anchor investors before it even opened to the public.
With a share price range of ₹21–23, this offer is exclusively an Offer for Sale (OFS) by Coal India, meaning the company will not earn a single rupee. For the traders, it is all about when to place their bid, the early bidders are clearly profiting from the hype!
BCCL IPO Subscription Snapshot And Other Key Details
| Segment | Subscription Details |
|---|---|
| Qualified Institutional Buyers (QIB) | 30% subscribed |
| Non-Institutional Investors (NII) | 16.39 times subscribed |
| Retail Investors | 9.26 times subscribed |
| Employee Portion | 83% subscribed |
| Shareholder Segment | 10.86 times subscribed |
| Overall IPO Subscription | 8.09 times |
| IPO Price Band | ₹21–23 per share |
| IPO Type | Offer for Sale (OFS) by Coal India |
| Anchor Investment | ₹273.1 crore raised |
| IPO Dates | Opened: Jan 10, Closes: Jan 13 |
BCCL IPO Sparks Excitement: Grey Market Premium Signals 46% Listing Gains
The BCCL maiden public offering is creating a lot of excitement and is the talk of the town even before it gets listed! An impressive grey market premium (GMP) of ₹10.6 is the main attraction, and investors are setting their sights on a possible listing price of ₹33.6 per share, an enormous 46% above the highest allowed price of ₹23. The buzz created from the beginning is attracting both attention and money. January 16 is the date of the debut on BSE and NSE for BCCL shares, and now everyone is waiting for it. For traders, it is an exhilarating competition between hype and strategy, will you be an early bird or a patient watcher? No matter what, the coal miner is pulling the market spotlight toward it!
(With Inputs)
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