Bharat Coking Coal IPO: GMP Soars, 61% Gain Expected on Monday's Listing

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CNBC Awaaz•16-01-2026, 13:33
Bharat Coking Coal IPO: GMP Soars, 61% Gain Expected on Monday's Listing
- •Bharat Coking Coal Limited (BCCL) IPO's Grey Market Premium (GMP) reached ₹14.1 on Friday, indicating a potential 61% gain from the issue price.
- •Unlisted shares are trading at ₹37.1 in the grey market, signaling strong listing gains for investors.
- •The IPO was open from January 9 to 13, subscribed 143.85 times overall, with NIIs at 240.49x and QIBs at 310.81x.
- •BCCL is India's largest coking coal producer, operating 34 mines in Jharkhand and West Bengal.
- •In 2025, BCCL reported a revenue of ₹13,802 crore and a profit of ₹1,204 crore, attracting significant investor interest.
Why It Matters: BCCL IPO shows strong investor interest and high grey market premium, anticipating significant listing gains.
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