Bharat Coking Coal IPO Draws Massive Early Demand — Fully Subscribed in Just 30 Minutes on Day 1

The initial public offering (IPO) of Bharat Coking Coal Ltd (BCCL), sized at ₹1,071 crore, witnessed strong investor interest on its opening day, achieving full subscription within the first 30 minutes of bidding.

The swift subscription reflects robust demand across investor categories, placing the IPO firmly in focus on Day 1 itself. Market participants closely tracked the early trend, as such rapid subscription often indicates heightened interest in the offering.

Adding to the buzz, Bharat Coking Coal IPO GMP (Grey Market Premium) remained active, signaling strong informal market sentiment ahead of the listing. IPO watchers continued to monitor GMP movements throughout the day for cues on market expectations.

The fast-paced response highlights the current appetite for primary market issues, particularly from well-known public-sector and coal-linked entities. Subscription data for various categories is expected to evolve further as bidding progresses over the remaining days of the issue.

IPO snapshot:

• Issue size: ₹1,071 crore

• Subscription status: Fully subscribed within 30 minutes (Day 1)

• Strong investor participation observed early

Why it matters:
Early and complete subscription on Day 1 often puts an IPO in sharp focus for the remainder of the bidding period.

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