Coal India Enters the IPO Market

Coal India’s subsidiary Bharat Coking Coal Limited (BCCL), along with four other small and medium enterprises (SMEs), is set to enter the market this week through initial public offerings (IPOs).

The BCCL public issue will open from the 9th to the 13th of this month. Key details such as the price band, lot size, and issue structure are scheduled to be announced on Monday. Among the SME segment, Gabion Technologies will be the first to launch its IPO, which will be open from January 6 to 8. The company plans to raise ₹29.16 crore by offering 3.6 million shares at a price band of ₹76 to ₹81 per share.

Subsequently, the IPOs of Victory Electric Vehicles International and Yazur Fibres will be open from January 7 to 9. Victory Electric Vehicles International aims to raise ₹34.56 crore by issuing 8.43 million shares at a fixed price of ₹41 per share. Yazur Fibres plans to mobilize ₹120.4 crore through the sale of 6.92 million shares within a price band of ₹168 to ₹174. Additionally, Defrail Technologies, a manufacturer of rubber components, will launch its IPO from January 9 to 13, offering 1.86 million shares. The price band for this issue is yet to be announced.