BCCL IPO Subscribed 55 Times by Noon, Grey Market Premium Soars 46%

• Bharat Coking Coal IPO subscribed 55.58 times by 12:10 PM on its last day, with strong investor interest.
• Retail category subscribed 37.40 times, QIB 3.54 times, and NII 178.87 times.
• The IPO is an 'Offer for Sale' (OFS) by the government, with a price band of ₹21 to ₹23 per share.
• BCCL is India's largest coking coal producer, holding 58.50% of domestic production and vast coal reserves.
• Grey Market Premium (GMP) is ₹10.7, indicating a potential listing gain of 46.52% at ₹33.7 per share.

Why It Matters: BCCL IPO sees massive oversubscription and strong grey market premium, signaling high investor confidence.