Today is the final day for investors to apply for the mainboard IPO of Bharat Coking Coal.
The issue has created strong excitement in the market due to positive signals from the grey market. Subscription numbers have also increased sharply, showing high investor interest.
The IPO has been subscribed 39.48 times so far, with retail investors showing the highest participation. The issue opened on January 9 and will be listed on both the BSE and NSE.
Price Band and Investment Details
The total size of the Bharat Coking Coal IPO is ₹1,071.11 crore. The price band for the IPO has been fixed at ₹21 to ₹23 per share.
Each lot consists of 600 shares, which means retail investors need to make a minimum investment of ₹13,800. The company has also offered a discount of ₹1 per share for its employees, making it more attractive for them.
Subscription Status So Far
Bharat Coking Coal’s IPO has received an overall subscription of 39.48 times.
Retail investors subscribed 29.66 times, showing strong interest.
The Qualified Institutional Buyers (QIB) category was subscribed 1.49 times.
The Non-Institutional Investors (NII) segment saw very high demand and was subscribed 119.60 times.
Grey Market Performance
The company’s shares are performing well in the grey market. According to Investors Gain, the shares are trading at a premium of ₹10.60.
This suggests a possible listing gain of around 46.09 percent, indicating strong expectations from investors.