Bharat Coking Coal IPO Subscription: Today is the last chance for investors to invest money in the mainboard IPO of Bharat Coking Coal. Due to the strong signals coming from the gray market, there is a lot of enthusiasm in the market regarding this issue. There is a strong increase in subscription figures also.

The IPO has received a total of 39.48 times subscription so far. In which participation of retail investors has been highest. The listing of this IPO, which opened on January 9, will be on both BSE and NSE platforms. Let us know, from price band to other information…

Price band and investment details

Talking about the size of the IPO, it is worth a total of Rs 1,071.11 crore. In the IPO of Bharat Coking Coal, the price of shares has been fixed at Rs 21 to 23 per share. One lot of 600 shares has been kept in this issue. That means retail investors will have to invest at least Rs 13,800. The company has also given a discount of Re 1 per share for its employees.

This much has been subscribed so far

Talking about the subscription figures, Bharat Coking Coal’s IPO has been subscribed a total of 39.48 times. Retail investors participated the most in this. Retail investors have subscribed the IPO 29.66 times. Whereas 1.49 times the number of applications were received in QIB category and 119.60 times in NII segment.

Performance of shares in gray market

Company shares are performing well in the gray market. According to the report of Investors Gain, the shares were trading at a premium of Rs 10.60. That means the shares are pointing towards a listing gain of 46.09 percent.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Bharat Coking Coal IPO: The first mainboard Initial Public Offering (IPO) is going to come for stock market investors in the new year. A subsidiary of a leading government company related to the coal sector is going to enter the market, for which a price band has been fixed.

The IPO of Coal India’s subsidiary Bharat Coking Coal worth about Rs 1,071 crore will open from January 9. This issue will be a complete offer for sale. That means no new shares will be issued in this. Let us know about this IPO….

The company decided the price band

Investors will be able to bid in the Rs 1,071 crore IPO of Bharat Coking Coal at a price band of Rs 21 to 23. 600 shares have been placed in one lot, while it has been decided to give a discount of Rs 2 per share to the employees.

The company has fixed January 9 as the date for the IPO. Investors will be able to place bets till January 13. Allotment of shares will take place on January 14. It is expected that the company shares will be listed on BSE and NSE on January 16.

How many shares will be issued

The company is going to issue a total of 46.57 crore shares with face value of Rs 10 in the market under IPO. However, no new shares will be issued in this. The entire issue has been placed under offer for sale. Under this IPO, promoter Coal India is planning to reduce its stake by about 10 percent.

Condition of company shares in gray market

Shares of Bharat Coking Coal are showing tremendous growth in the gray market. The shares are trading above the upper price band by Rs 16.25. Due to which enthusiasm can be seen among investors.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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