BCCL
BCCL skyrockets, then crashes 7%! IPO dream turns into investor nightmare
Mumbai/IBNS: The euphoria surrounding Bharat Coking Coal’s (BCCL) market debut was short-lived as the shares plunged 7% on Monday, media reports said.
The stock had listed on both the NSE and BSE at nearly double its issue price.
On the NSE, shares opened at Rs 45 against the issue price of Rs 23, reflecting a 97 percent premium, while on the BSE, the stock debuted at Rs 45.21, marking a similar gain.
The listing had initially marked one of the strongest first-day performances for an IPO in recent Indian markets.
The public issue had attracted massive investor interest, being oversubscribed around 147 times, with over 90 lakh applications, among the largest responses seen in 2026.
Demand was strong across retail, non-institutional, and institutional investor categories.
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