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News India Live, Digital Desk: The earning season in the stock market is not over yet. If you too were looking for an opportunity where you can get huge profits by investing your money, then Bharat Coking Coal IPO has brought good news for you. The start of this IPO has been so explosive that even the market pundits are surprised.
More crowd than ‘Housefull’ on the first day itself
It is generally seen that investors remain a little sluggish on the first day and adopt a ‘watch and wait’ policy. But here the case is completely opposite. Investors pounced on this IPO on the very first day of bidding. According to the latest data, this issue closed on the very first day. 8 Times Has been subscribed. Yes, eight times more bids have come in on the very first day than the amount of goods (shares) the company had put up for sale. This is called bumper demand!
Why is there so much chaos? (The magic of GMP)
Now the question is why are people showing so much trust in this company? the answer is hidden Gray Market Premium (GMP) In. According to market sources, Bharat Coking Coal stock is setting the gray market on fire. Currently this share is close to its issue price up 45% Is trading.
If you understand in simple language, if you invest money today and you get shares, then you can get a direct profit of about 45% on the day of listing itself. That means on investing Rs 1 lakh, you get a profit of Rs 45 thousand on the first day. This is the magical number that has attracted everyone from retail investors to big institutions.
Company is strong, trust is government
The name of Bharat Coking Coal is enough. It is a strong company in the energy and coal sector and due to the ‘government’ stamp, investors also feel safe in it. The market is feeling that given the demand for coal and energy in the country, this company can prove to be a strong horse in the future.
What is the signal for investors?
If you are also thinking of investing money in it, then there is still a chance left, but considering the way the crowd is increasing, getting shares could be like winning a lottery. Those who have applied on the first day are now just praying for allotment.
Experts say that this IPO is moving towards a ‘blockbuster’ listing. So have you got your application ready? Stay connected with us for such exciting market news and updates!