New Delhi, Jan. 12 -- The first day of bidding for Bharat Coking Coal Limited's initial public offering saw a subscription rate of 8.09 times, fueled by robust interest from retail, non-institutional, and existing shareholder investor segments. Bharat Coking Coal IPO GMP today is Rs.10.6.

Bharat Coking Coal IPO subscription period for the issue began on Friday, January 9 and will end on Tuesday, January 13. Prior to the opening of the issue, the company secured Rs.273.1 crore from its anchor investors.

At the highest point of the price range, the issue is assessed at approximately 9 times the price-to-earnings ratio and nearly 2 times the price-to-book ratio, according to the offer documents. This offer for sale from Coal India is expec...