
Bharat Coking Coal's Initial Public Offering (IPO) opens on January 9 and closes on January 13, with a price band of Rs 21-23 per share. The company aims to raise Rs 1,071 crore through an Offer for Sale. Grey market premiums suggest potential listing gains, with shares trading around Rs 34.2. The IPO is managed by IDBI Capital Markets Services, with Kfin Technologies as registrar. Key risks include the poor quality of Indian coking coal and the accuracy of reserve estimates.
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