Today is the final chance for investors to apply for Bharat Coking Coal’s mainboard IPO.
The issue has created strong excitement in the market due to positive signals from the grey market. Along with this, subscription numbers have increased sharply, showing strong investor interest.
The IPO has been subscribed a total of 39.48 times so far, with retail investors showing the highest participation. The issue opened on January 9 and will be listed on both the BSE and NSE.
IPO Size, Price Band, and Investment Details
The total size of the Bharat Coking Coal IPO is ₹1,071.11 crore. The price band has been fixed at ₹21 to ₹23 per share. Each lot consists of 600 shares, which means retail investors must invest a minimum of ₹13,800.
The company has also announced a benefit for its employees by offering a discount of ₹1 per share.
IPO Subscription Status So Far
The IPO has seen very strong demand across categories. Overall, the issue has been subscribed 39.48 times.
Retail investors subscribed 29.66 times, making them the biggest contributors.
The QIB (Qualified Institutional Buyers) category was subscribed 1.49 times.
The NII (Non-Institutional Investors) segment showed extremely high interest with a subscription of 119.60 times.
Grey Market Premium and Listing Expectations
Bharat Coking Coal shares are performing well in the grey market. According to Investors Gain, the shares are trading at a premium of ₹10.60.
This suggests a possible listing gain of 46.09 percent, indicating strong expectations from the market.
