Bharat Coking Coal IPO GMP Hints At Listing With Over 58% Gains - Check Details

The initial public offering (IPO) of Bharat Coking Coal is scheduled to open for subscription on January 9. The coking coal producer’s public issue is garnering significant investor interest in the grey market ahead of the opening of the issue.

Notably, Bharat Coking Coal IPO is the first major mainboard issue of 2026. Ahead of the opening of the subscription window. Here’s a look at some key details related to the public sector company’s IPO:

Bharat Coking Coal IPO GMP

Bharat Coking Coal IPO grey market premium (GMP) held steady ahead of the opening of the subscription window. The grey market premium of Bharat Coking Coal’s shares ranged between Rs 13 and Rs 13.5 per share as per several websites which monitor the demand for shares of unlisted companies. Bharat Coking Coal shares are expected to list with gains of 58.7 per cent at Rs 36.5 per share.

Bharat Coking Coal IPO Issue Size

Bharat Coking Coal Ltd seeks to raise Rs 1,071.11 crore from its public issue. The coking coal company’s public offer consists only of an offer-for-sale of 465.7 million shares.

Bharat Coking Coal IPO Price Band

Bharat Coking Coal IPO price band was set at Rs 21 to Rs 23 per share. The minimum lot size for retail individual investors was fixed at 600 shares, which aggregates to an investment of Rs 13,800. On the other hand small non-institutional investors (sNIIs) and big NIIs can invest in the public issue by bidding for a minimum of 9000 shares and 43,800 shares respectively. The minimum investment amounts for sNIIs and bNIIs are Rs 2,07,000 and Rs 10,07,400 respectively.

Bharat Coking Coal IPO: Subscription Dates and Listing Date

Bharat Coking Coal IPO subscription window is scheduled to close on January 13. The share allotment status of Bharat Coking Coal IPO will be announced on January 14. Subsequently Bharat Coking Coal will issue refunds for unsuccessful applicants on January 15. Bharat Coking Coal shares are scheduled to list on the bourses on January 16.

Bharat Coking Coal: Financials

Bharat Coking Coal posted a total income of Rs 6,311.51 crore in the September quarter of FY26. In the quarter under review the coal producer’s net profit and net worth stood at Rs 123.88 crore and Rs 5,830.89 crore respectively.

In FY25 the company’s total income narrowed by nearly 2 per cent to Rs 14,401.63 crore compared to Rs 14,401.63 in FY24. The profit-after-tax of the public sector undertaking dipped by over 20 per cent to Rs 1240.19 crore in the quarter under review compared to Rs 1564.46 in the preceding fiscal.

Bharat Coking Coal IPO: Registrar

IDBI Capital Markets Services is the book running lead manager for Bharat Coking Coal IPO. The registrar for the public issue is Kfin Technologies.

Bharat Coking Coal: Promoters

The holding of the promoters of Bharat Coking Coal will reduce to 90 per cent post the issue from 100 per cent prior to the issue. Notably, the promoters of the public sector company include
the Ministry of Coal and Coal India.

Bharat Coking Coal IPO: Objective

The public issue is an offer-for-sale, thus the proceeds of the public issue will go directly to the promoters participating in the public issue.

About Bharat Coking Coal

Bharat Coking Coal Limited (BCCL) is a Mini Ratna public sector company. The company is a subsidiary of Coal India. The company was established in 1972 and is India’s premier producer of coking coal making up nearly 60 per cent of India’s domestic production. The public sector company operates multiple open-cast and underground mines in Jharkhand and West Bengal.