COALINDIA.NS Stock Today: January 04 — BCCL IPO opens Jan 9; GMP Rs 11-14
Bharat Coking Coal IPO is set to open on January 9 to 13, keeping Coal India in focus for Indian investors today. At the last close on January 2, COALINDIA.NS settled at Rs 427.90 after hitting a fresh 52-week high of Rs 429.50. Momentum is strong, but overbought signals are flashing. The offering includes 46.57 crore shares, with an indicated valuation near Rs 13,000 crore and a grey market premium around Rs 11-14. Anchor bids are slated for January 8. These IPO subscription dates, early demand, and Coal India’s Q3 results due January 27 could shape near term sentiment.
Coal India price action and technical setup
COALINDIA.NS printed a day high of Rs 429.50, a new 52-week high, versus a low of Rs 401.00. The last close was Rs 427.90, up 6.86% on heavy volume of 35,089,716 shares, far above the 5,706,608 average. RSI stands at 82.30 and MFI at 80.41, both overbought. MACD is positive (7.44 vs 4.47 signal) and ADX at 28.80 shows a strong trend.
Price is trading above the Bollinger upper band at Rs 415.26, with the middle band at Rs 391.25. The Keltner middle sits at Rs 394.88. ATR is 7.64, pointing to wider daily swings. CCI at 175.15 and Williams %R at -3.13 reinforce short-term overbought conditions. A pullback toward band midlines is possible if momentum cools.
Bharat Coking Coal IPO timeline and size
The Bharat Coking Coal IPO opens January 9 and closes January 13, with anchor bidding on January 8. The promoter will offer 46.57 crore shares, and reports point to an indicated valuation near Rs 13,000 crore. These IPO subscription dates and size details are cited in local coverage, including ABP Live.
The offer is a part of Coal India stake sale through its subsidiary and supports the company’s monetisation plan. Proceeds accrue to the promoter via offer for sale, so the Bharat Coking Coal IPO will not add fresh capital to BCCL. Still, listing could unlock value and improve transparency, influencing how investors value Coal India’s core and coking coal assets.
Grey market premium and pricing expectations
The latest BCCL IPO GMP is seen around Rs 11-14, according to regional reports such as Live Hindustan. The grey market is unofficial and thin, so spreads can change quickly. Final pricing details were not available in the cited reports; treat the Bharat Coking Coal IPO chatter as sentiment, not a guaranteed listing gain.
Coal India trades at a P/E of 8.45 with a dividend yield of 6.19% and EV/EBITDA near 5.55. Against that backdrop, the indicated Rs 13,000 crore valuation for BCCL will be watched for a discount to the parent and peers. The Bharat Coking Coal IPO pricing will likely reflect coking coal cyclicality and operational scale versus Coal India’s diversified base.
Catalysts ahead and how to position
Key dates: anchor book on January 8, Bharat Coking Coal IPO subscription on January 9-13, and Coal India Q3 results on January 27. Price closed well above the Bollinger upper band, so any cooling into results would not surprise. We also note a robust dividend track record, with Rs 26.50 per share in the trailing twelve months.
We prefer patience after sharp rallies. Avoid chasing strength when RSI and MFI are elevated. For those building positions, consider staggered entries and use the Bollinger middle band near Rs 391 as a reference. Track daily subscriptions for the Bharat Coking Coal IPO, watch the anchor list, and reassess Coal India after the Q3 print and management commentary.
Final Thoughts
Coal India stays in focus as the Bharat Coking Coal IPO nears. Momentum is hot after a fresh 52-week high, yet RSI, MFI, and CCI flag an overbought setup. The offer for sale of 46.57 crore shares, an indicated valuation near Rs 13,000 crore, and a BCCL IPO GMP around Rs 11-14 could guide sentiment into mid-January. A simple plan helps. First, watch the IPO subscription dates and track daily bids and anchor allocations. Second, avoid chasing new highs; if price cools toward the Bollinger middle band near Rs 391, consider staggered entries. Third, revisit the story after Q3 results on January 27, focusing on production, realizations, and dividend outlook. This approach keeps discipline while staying exposed to Coal India’s cash flows and potential value discovery from the listing. Investors should also note the company’s scale, with a market cap of Rs 2,637,031,451,123, a P/E of 8.45, and a 6.19% dividend yield, which offer valuation support if volatility rises.
FAQs
Anchor bidding is scheduled for January 8. The Bharat Coking Coal IPO subscription window runs from January 9 to January 13. The cited reports do not confirm the final price band or listing date. Track exchange notices and daily subscription data for updates through the week.
Recent reports indicate a BCCL IPO GMP around Rs 11-14. This grey market is unofficial, small, and volatile, so treat it as a rough sentiment gauge, not a forecast. Focus on price band, demand from anchors and institutions, and fundamentals before making any application decision.
The offering is part of a Coal India stake sale through its subsidiary, which can support monetisation and potential value discovery. Near term, sentiment will track anchor demand and subscription strength, while volatility is possible given overbought signals. Q3 results on January 27 remain a key catalyst to watch.
Yes, several indicators are stretched: RSI 82.30, MFI 80.41, and CCI 175.15. Price is above the Bollinger upper band (Rs 415.26), with the middle band near Rs 391.25. If momentum eases, a pullback toward the mid-band would be a normal mean reversion to monitor.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
