January 12: Bharat Coking Coal (BCCL) IPO 33x; GMP Signals 43% Pop
The bharat coking coal ipo drew strong demand on January 12, with overall subscription at 33.6x by late trade. Non-institutional bidders led at 96x, while retail stood at 26.9x, showing broad interest. A grey market premium near 43% suggests a firm debut, though this is only an informal gauge. As this offer is an OFS by Coal India, allotment is due on January 14 and listing on January 15. We break down the BCCL IPO GMP, subscription status, and practical steps for listing day.
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