Bharat Coking Coal IPO: Shares May Debut Over 60% Premium, GMP Suggests Strong Listing

• Bharat Coking Coal shares are projected to list at over a 60% premium to their IPO price, based on Grey Market Premium (GMP) indications.
• The stock is expected to debut on January 19, with GMP suggesting gains of approximately 62% over the issue price of ₹23.
• Experts like Prashanth Tapse anticipate a listing in the ₹32-₹35 range (39%-52% premium), advising profit booking for 50% holdings for allotted investors.
• The IPO was highly successful, subscribed 146.8 times overall, becoming the second most subscribed PSU issue on record.
• Institutional investors subscribed 310.8 times, non-institutional investors 258 times, and retail investors 49.2 times.

Why It Matters: Bharat Coking Coal IPO shows strong listing potential with over 60% premium indicated by GMP.