Overview
- Day-one bids surpassed the shares on offer within minutes, with overall subscription reported above 2x by late morning.
- The price band is Rs 21–23 per share for 46.57 crore shares, with the subscription window running January 9–13.
- The issue is an offer for sale by Coal India, which will receive about Rs 1,071 crore at the upper band with no fresh proceeds to BCCL.
- The anchor round raised Rs 273 crore, attracting LIC, UTI and Nippon India schemes, Bandhan Small Cap, Societe Generale, Copthall Mauritius, Citrine, M7/ASAS and Maybank.
- Grey market quotes around Rs 9–10 suggest roughly 40% listing upside, though these are unofficial, with allotment slated for January 14 and listing targeted for January 16 on BSE and NSE.