Overview
- The book-built issue opens January 9 and closes January 13 at Rs 21–23 per share, with a lot size of 600 shares and a minimum retail outlay of Rs 13,800.
- The sale comprises existing shares offloaded by promoter Coal India, so Bharat Coking Coal will not receive fresh capital; the upper band implies a pre-IPO valuation near Rs 10,711 crore.
- Unofficial grey-market quotes were about Rs 13.5 on January 6 after an earlier Rs 16.25 peak, indicating an estimated listing range around Rs 36–39 if those signals persist.
- The anchor book opens January 8, the share allotment is slated for January 14, and trading is expected to begin on the BSE and NSE on January 16.
- Incorporated in 1972, the company runs 34 mines across Jharkhand and West Bengal and produced about 58.5% of India’s domestic coking coal in FY25; IDBI Capital is the lead manager and KFin is the registrar.