Overview
- By 12:37 pm on Jan. 13, overall bids reached 60.72 times, including 192.91x in the NII bucket, 38.93x from retail, and 11.05x from QIBs.
- The issue is an offer-for-sale of 46.57 crore shares by Coal India in a Rs 21–23 band with a lot size of 600, and BCCL will not receive the proceeds.
- Share allotment is expected on Jan. 14, with listing slated for Jan. 16 on the BSE and NSE.
- Grey market indications around Rs 10.6–11 imply an estimated listing near Rs 33–34 per share, though GMP is unofficial and can change.
- Anchor investors committed about Rs 273.13 crore, and brokerages largely advise subscribing for listing gains while noting operational and commodity-price risks.