Bharat Coking Coal IPO Subscribed Nearly 147 Times; Amagi Media Labs IPO Opens with Modest Response

The initial public offering (IPO) of Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, closed with a subscription of approximately 147 times, receiving bids worth over Rs 1.17 lakh crore. The IPO, priced between Rs 21-23 per share, was entirely an offer for sale of 46.57 crore shares. Strong demand came from qualified institutional buyers, non-institutional investors, and retail investors. The allotment is expected on January 14, with listing on BSE and NSE scheduled for January 16. Meanwhile, Amagi Media Labs' IPO, valued at Rs 1,789 crore, opened to a subdued response with around 6% subscription on Day 1 and a grey market premium indicating modest listing gains. Amagi aims to raise funds for cloud infrastructure and growth, with listing expected on January 21.