BCCL Shares Soar 96% on Market Debut, IPO Investors Double Money

• Bharat Coking Coal (BCCL) shares made a strong debut, listing at ₹45.21 on BSE and ₹45.00 on NSE.
• IPO investors received a significant 96% listing gain, nearly doubling their initial investment from the ₹23 per share IPO price.
• The ₹1,071 crore IPO, open from January 9 to 13, was heavily oversubscribed by 143.85 times, with strong interest from QIBs, NIIs, and retail investors.
• The IPO was an Offer for Sale (OFS) where promoter Coal India sold a 10% stake, with all proceeds going to Coal India.
• BCCL, a Coal India subsidiary established in 1972, produces coking and non-coking coal and operates 34 mines in Jharia, Jharkhand, and Raniganj, West Bengal.

Why It Matters: BCCL's strong market debut delivered a 96% return to IPO investors, highlighting robust investor confidence.