Bharat Coking Coal IPO Day 1: ₹1,071 crore issue subscribed 7x in 20 minutes!

• Bharat Coking Coal Ltd.'s ₹1,071 crore IPO was fully subscribed within 30 minutes on Day 1, January 9.
• The overall issue received bids for 233.3 crore shares against 34.69 crore on offer, achieving 6.73x subscription.
• Retail and Non-Institutional Investors (NIIs) led the subscription, with their portions fully subscribed.
• Anchor investors, including LIC and Societe Generale, contributed ₹273.1 crore before the IPO opened.
• The IPO is a complete Offer For Sale (OFS), with proceeds going to parent company Coal India Ltd.

Why It Matters: Bharat Coking Coal IPO saw massive demand on Day 1, oversubscribed 7x, driven by retail and NIIs.