BCCL IPO Fully Subscribed, Boosts Confidence as Coal India Considers More Listings

The initial public offering (IPO) of Bharat Coking Coal Ltd (BCCL), a subsidiary of Coal India Ltd (CIL), was fully subscribed within minutes on January 9, receiving over 146 times subscription. This strong investor response has boosted confidence within CIL, prompting evaluation of listings for other subsidiaries. BCCL is set to list on January 19, with grey market premiums indicating potential listing gains around 54%. CIL's chairman emphasized that market conditions and valuations will guide future listings as part of government-directed value unlocking efforts.