Bharat Coking Coal IPO Day 2: NIIs, Retail Investors Drive Robust Demand

• Bharat Coking Coal IPO saw strong demand, primarily from non-institutional and retail investors.
• The overall issue was subscribed 29.39 times by the end of Day 2.
• Non-Institutional Investors (NIIs) segment led with 81.84 times subscription.
• Retail Individual Investors (RIIs) subscribed 24.52 times, and shareholder portion 38.85 times.
• Qualified Institutional Buyers (QIBs) category remained muted with 0.62 times subscription.

Why It Matters: Bharat Coking Coal IPO witnessed significant oversubscription driven by NIIs and retail investors.