Bharat Coking Coal Share Price Live: Analysts see strong premium on listing
Market experts expect Bharat Coking Coal’s IPO to list at a healthy premium to its issue price. Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd, said the stock is likely to debut in the range of Rs 32 to Rs 35 per share, indicating a premium of about 39 to 52 per cent over the issue price.
He noted that the IPO saw exceptionally strong demand across qualified institutional buyers (QIBs), non-institutional investors (NIIs) and retail categories, highlighting solid investor confidence. According to him, interest in the issue was largely driven by its scarcity value, as the IPO offered a rare chance to gain exposure to India’s largest and most integrated player in the coking coal value chain, which is a key input for the domestic steel industry.