Bharat Coking Coal IPO Closes Today: Subscribed 97x, Listing Gains Expected!

• Bharat Coking Coal Limited (BCCL) IPO, a subsidiary of Coal India, closes today, January 13.
• The IPO has been subscribed over 97 times overall, with NIIs leading at 240.07 times.
• Most brokerage houses, including Anand Rathi and Marwadi Shares, recommend 'Subscribe' for listing gains and long-term potential.
• Grey Market Premium (GMP) is ₹11, suggesting a potential listing price of ₹34, a 46-48% profit.
• This is an Offer For Sale (OFS), meaning proceeds go to Coal India, not BCCL.

Why It Matters: BCCL IPO closes today with massive oversubscription, indicating strong listing gains and long-term potential.