Overview
- Day one bids totaled 8.09 times the offer, with retail at 9.26x, NIIs at 16.39x and QIBs at 0.30x, according to BSE data.
- The grey market premium hovered near Rs 10.6 on January 12, implying roughly 45–46% listing gains, though such indications are informal and can change.
- The Rs 1,071.11 crore offering comprises 46.57 crore shares in a Rs 21–23 price band, with applications in lots of 600 shares.
- The subscription window runs January 9–13, share allotment is expected on January 14 and a BSE/NSE listing is tentatively slated for January 16.
- Because the issue is an OFS, proceeds go to promoter Coal India, whose stake is set to drop to about 90%, and Rs 273.13 crore was raised from anchors before launch.