Bharat Coking Coal IPO Day 3: Bids Soar to ₹27,000 Crore, 46% Listing Gain Expected!

• Bharat Coking Coal IPO received bids worth nearly ₹27,000 crore by Day 3, with strong subscription across categories.
• The IPO was subscribed 33.60 times by the end of Day 2, with non-institutional investors leading at over 96.17 times.
• Shares are estimated to list around ₹33.6, implying a potential listing gain of about 46.09% per share based on a GMP of ₹10.6.
• The IPO, closing today, January 13, has a price band of ₹21-₹23 per share, making it accessible for retail investors.
• Bharat Coking Coal, India's largest coking coal producer, plans to increase production to 56 million tonnes by 2030.

Why It Matters: Bharat Coking Coal IPO sees massive demand, indicating strong investor confidence and significant listing gains.