Bharat Coking Coal IPO Soars 97% on Listing Day, Doubles Investor Wealth

• Bharat Coking Coal Ltd. shares listed on BSE at ₹45.21 (96.5% premium) and NSE at ₹45 (95.65% premium) on January 19.
• The IPO was subscribed 146.8 times overall, with institutional investors bidding 310.8 times and retail investors 49.2 times.
• Analysts advised allotted investors to book profits on 50% holdings and non-allotted investors to await post-listing consolidation.
• The IPO attracted bids worth ₹1.17 lakh crore, making it the third most bid for PSU IPO.
• Bharat Coking Coal is India's largest coking coal producer, operating in Jharia and Raniganj coalfields.

Why It Matters: Bharat Coking Coal's IPO saw a stellar debut, nearly doubling investor wealth due to strong demand.