The strong investor response to the initial public offering of Bharat Coking Coal Ltd has boosted confidence within CIL and provided positive momentum as the company evaluates the listing of its other subsidiaries, Chairman-cum-Managing Director B Sairam said.
The IPO of Bharat Coking Coal Ltd (BCCL), an arm of Coal India Ltd (CIL), got fully subscribed within minutes of opening for bidding on January 9.
As directed by the government, we would step into the market and look forward to unlock the true potential of our companies. We will closely study and assess the market dynamics for listing the companies, Sairam said in an interview with PTI.
BCCL is slated to list on the bourses on Monday.
Referring to the BCCL IPO issue, Sairam said the “response has been encouraging and has reinforced confidence within the miner”.
With an overwhelming response, BCCL’s IPO resulted in full subscription within minutes of the opening. The strong investor interest continued unabated till the closur
