Bharat Coking Coal IPO listing Monday: Grey market signals 50%+ pop after blockbuster demand
Shares of Bharat Coking Coal Ltd, a Coal India arm, are set to start trading Monday following an IPO that saw one of the highest subscription levels for a government-backed issue in recent memory. Grey market premiums point to a potential 54% gain over the offer price. This listing kicks off the mainboard calendar for 2026 and provides an early read on demand for government-backed deals, especially since investors are still quick to avoid anything priced too steeply.