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The government has notified coking coal as a critical and strategic mineral, a step aimed at reducing India’s heavy dependence on imports and strengthening the domestic steel supply chain, according to an official statement.The move is expected to facilitate faster approvals, improve ease of doing business and accelerate exploration and mining activities, including the development…
Representative image (AI-generated) Shares of Bharat Coking Coal Limited (BCCL) made a strong debut on the stock exchanges on Monday, nearly doubling from their issue price after the company’s Rs 1,071 crore initial public offering drew overwhelming investor demand.The stock listed at Rs 45 on the NSE, a premium of 95.6% over the issue price…
MUMBAI: The Rs 1,071-crore initial public offering (IPO) for Bharat Coking Coal (BCCL) was subscribed 147 times at close on Tuesday with the total number of applications at over 90 lakh, a new record for any maiden offering in India. The total demand for the IPO was worth nearly Rs 1.2 lakh crore, data on…
Bharat Coking Coal (BCCL) IPO entered its third and final day on Tuesday, continuing to attract strong investor interest. The Rs 1,071-crore issue is currently commanding a grey market premium (GMP) of Rs 11, indicating nearly 46% gains over the upper price band of Rs 23 ahead of its listing.The GMP reflects strong positive sentiment…
The initial public offering of Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, was subscribed 33.6 times on the second day of bidding on Monday, reflecting strong demand from non-institutional and retail investors, exchange data showed.The Rs 1,071-crore issue received bids for 11,65,79,29,200 shares against 34,69,46,500 shares on offer, according to data available with…
KOLKATA: The IPO of Bharat Coking Coal was subscribed 8 times on the first day of bidding on Friday, driven by strong demand from retail, non-institutional and existing shareholder investor categories. The issue received bids for 2,80,61,36,400 equity shares against the offer size of 34,69,46,500 shares, according to available data. Source link
Bharat Coking Coal Ltd’s initial public offering (IPO) saw strong demand from investors from the moment bidding opened on Friday, with the issue getting fully subscribed within minutes. According to NSE data till 11:15 am, bids were received for 84,15,46,800 shares, far exceeding the 34,69,46,500 shares on offer, resulting in an overall subscription of 2.43…
Bharat Coking Coal Limited (BCCL), a wholly owned subsidiary of Coal India, is set to launch its initial public offering (IPO) on Friday. The issue is witnessing robust demand in the grey market, with shares trading at a premium of around Rs 11.5, indicating a possible listing price of Rs 34–35 per share against the…
