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BCCL IPO Day 2 Shows Massive Subscription, GMP Signals Strong Listing
BCCL IPO sees about 34x subscription by day two and GMP suggests a strong listing gain near 45–47%, boosting investor optimism before final bidding day.
Bharat Coking Coal Ltd’s IPO, priced at ₹21–₹23 per share, saw continued robust demand on its second day of bidding with overall subscription around 33.6–34 times its offer size, led largely by non-institutional and retail investors. The grey market premium for the issue stood near ₹10.6–₹11, indicating a potential listing price close to ₹33–₹34 per share, roughly a 45–47% gain over the issue price.