Bharat Coking Coal IPO Opens to Strong Demand, Fully Subscribed on Day One
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Bharat Coking Coal IPO Opens to Strong Demand, Fully Subscribed on Day One

Bharat Coking Coal Limited's (BCCL) initial public offering (IPO) has opened, with the price band set at ₹21-₹23 per share, aiming to raise ₹1,071 crore through an offer for sale by parent company Coal India. The IPO saw strong demand on its first day, being fully subscribed and oversubscribed by over 8 times, with significant interest from non-institutional investors, retail investors, and Coal India shareholders utilizing a reserved quota. Analysts suggest the listing could unlock further value for Coal India, which has seen substantial growth.

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