Bharat Coking Coal IPO: Subscribed 3x in 2 Hours, GMP Soars 47%

• Bharat Coking Coal Limited (BCCL) IPO, the first mainboard IPO of the year, opened for subscription on January 9.
• The issue was fully subscribed 3.32 times within two hours, driven by strong investor confidence in the Coal India subsidiary.
• Retail quota subscribed 4.50 times, NII category 5.32 times, and institutional investors 0.02 times.
• BCCL shares are trading at a 47% premium in the grey market, indicating potential 50% listing gains.
• Price band is ₹21-₹23 per share; allocation expected January 14, 2026, listing on BSE/NSE January 15, 2026.

Why It Matters: BCCL IPO sees massive investor interest and strong grey market premium, signaling potential high listing gains.