Bharat Coking Coal IPO Fully Subscribed in 25 Mins on Day 1; Retail, NIIs Lead Demand

• Bharat Coking Coal's IPO was fully subscribed within 25 minutes of opening on Day 1, driven by strong demand from retail and non-institutional investors.
• Overall subscription reached 1.3 times by 10:33 am, with NIIs booked 2.25 times and retail investors 1.76 times.
• The Rs 1,071.11-crore IPO is an Offer for Sale by promoter Coal India, priced at Rs 21-23 per share.
• Ahead of the public issue, Rs 273.13 crore was raised from 15 anchor investors, including LIC, Nippon Life India Mutual Fund, and Bandhan Mutual Fund.
• The IPO opened on January 9, closes January 13, and is expected to list on BSE and NSE on January 16.

Why It Matters: Bharat Coking Coal IPO saw rapid subscription on Day 1, fueled by retail and NII demand.