Bharat Coking Coal IPO Day 1: Subscribed 6x by mid-afternoon, strong retail and NII demand

• Bharat Coking Coal IPO subscribed 6.01 times by 2:18 pm on Day 1, driven by retail and non-institutional investors.
• Retail individual investors' (RII) portion subscribed 7.33 times; non-institutional investors' (NII) category saw 11.38 times subscription.
• Qualified institutional buyers' (QIB) segment picked up demand, subscribed 0.25 times by mid-afternoon.
• The Rs 1,071.11-crore public issue is an offer for sale by promoter Coal India, priced at Rs 21-23 per share.
• Company raised Rs 273.13 crore from anchor investors, including Life Insurance Corporation of India, ahead of the IPO.

Why It Matters: Bharat Coking Coal IPO saw robust demand on Day 1, significantly oversubscribed by retail and NIIs.