BCCL IPO GMP today
The GMP of BCCL IPO jumped to +16.5 on Monday, January 5. This means that the shares of BCCL IPO are trading at a premium of ₹16.5 in the grey market, as per Investorgain.
BCCL IPO details
BCCL IPO, a subsidiary of Maharatna PSU Coal India, has set a price band of ₹21–23 per share for its upcoming issue.
The BCCL IPO is an entirely offer for sale comprising 46.57 crore shares by the promoter and selling shareholder, Coal India, implying that the entire proceeds from the issue will accrue to the company.
Under the issue structure, up to 50% of the offer is reserved for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors. The IPO also includes separate quotas for employees and shareholders.
IDBI Capital Markets & Securities Limited and ICICI Securities Limited are acting as the book-running lead managers for the issue. BCCL’s shares are proposed to be listed on both the BSE and NSE.
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