Bharat Coking Coal IPO GMP rises.
Business
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Moneycontrol13-01-2026, 17:22

Bharat Coking Coal IPO Subscribed 147x, GMP at 45%; Amagi IPO GMP at 4%

  • Bharat Coking Coal Ltd (BCCL) IPO was subscribed nearly 147 times on its final bidding day, reflecting strong investor demand.
  • BCCL's grey market premium (GMP) reached 43-45% over the issue price, indicating potential listing gains of about 44.78%.
  • The Rs 1,071-crore BCCL IPO, priced at Rs 21-23 per share, is the first mainboard IPO of 2026 and part of government divestment.
  • Amagi Media Labs IPO was subscribed 6% on its first day, with a grey market premium of around 5%.
  • Bengaluru-based Amagi Media Labs, a cloud SaaS firm, raised Rs 805 crore from anchor investors for its Rs 1,789-crore public issue.

Why It Matters: Bharat Coking Coal IPO saw massive oversubscription and high GMP, while Amagi IPO showed moderate initial interest.

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