Overview
- The offer comprises up to 46.57 crore shares; at the top end it totals about Rs 1,071 crore and implies a pre-IPO valuation near Rs 10,711 crore.
- Anchor bidding opens on January 8, public subscription runs January 9–13, allotment is expected January 14, refunds and demat credit on January 15, and a tentative listing on January 16 on BSE and NSE.
- Reservations include up to 2.33 crore shares for eligible employees with a Rs 1 discount and about 4.66 crore for Coal India shareholders; the net offer split is roughly 50% QIB, 15% NII, and 35% retail, with a lot size of 600 shares.
- Grey-market indications near Rs 16–16.5 per share point to potential listing gains, though these unofficial quotes are speculative and can change.
- Coal India has signalled it will use OFS proceeds to support capex plans, and BCCL remains India’s largest coking coal producer with operations across Jharkhand and West Bengal.