Key Highlights
- The Bharat Coking Coal IPO consists solely of an offer for sale by Coal India, which possesses full ownership of Bharat Coking Coal.
- The funds raised from the BCCL IPO, totaling ₹1,071 crore at the maximum price of ₹23, will be directed to Coal India.
- Bharat Coking Coal IPO price band has been set between ₹21 and ₹23 per share, and the lot size for the BCCL IPO is 600 equity shares, with additional purchases in increments of 600 equity shares thereafter.
- Bharat Coking Coal IPO allotment will be determined on Wednesday, January 14, and the company will start processing refunds on Thursday, January 15.
- Simultaneously, the shares will be deposited into the demat accounts of successful applicants on the same day as the refunds.
