Summary of this article
Bharat Coking Coal IPO witnessed massive demand, being subscribed over 15 times by the second day of bidding.
The grey market premium suggests a strong debut at Rs 33.85, offering investors nearly 47 per cent gains.
The public issue closes on January 13, with shares expected to list on BSE and NSE on January 16.
BCCL IPO GMP: The public issue of Bharat Coking Coal (BCCL) continued to witness strong demand on the second day of subscription. The coking coal producer’s public issue has been booked 15 times in its two-day bidding window. The grey market premium for the company’s shares also hinted at a robust listing for the stock.
Bharat Coking Coal IPO GMP
Bharat Coking Coal shares are commanding a grey market premium ranging between Rs 10.5 and Rs 10.85 per share. Based on the trends in grey market premium, shares of Bharat Coking Coal are expected to make a strong debut at Rs 33.85 per share with gains of 47.17 per cent.
Bharat Coking Coal IPO Subscription Update
Bharat Coking Coal IPO has been booked 15.6 times across categories on the second day of subscription. Applicants have cumulatively bid for 5,413.5 million shares compared to the 346.9 million shares offered for subscription.
The coking coal producer’s public issue has been booked 15.39 times so far in the retail individual investor category. Retail investors have applied for 2,132.70 million shares compared to the 138.49 million shares reserved for the category.
Bharat Coking Coal IPO has been subscribed 38.25 times in the non-institutional investor (NII) category. NIIs have applied for more than 2271 million shares compared to the 59.30 million shares reserved for the category.
Qualified institutional buyers booked the issue 36 per cent, placing bids for 28.59 million shares against the 79.16 million shares reserved for them.
Bharat Coking Coal IPO has been booked 1.39 times in the employees category, as employees of the company bid for 32.44 million shares against the 23.28 million shares offered to them for bidding. Shareholders of Coal India booked their quota 20.37 times by applying for 948.7 million shares compared to the 46.5 million shares set aside for them.
Bharat Coking Coal IPO Issue Size and Price Band
The initial public offering of Bharat Coking Coal has a total offer size of Rs 1,071.11 crore. The company plans to raise this amount through an offer-for-sale of 465.7 million shares. The price band for Bharat Coking Coal IPO has been fixed at Rs 21 to Rs 23 per share.
Bharat Coking Coal IPO Anchor Investors
Bharat Coking Coal raised Rs 273.13 crore from 15 anchor investors. As a part of the anchor round, 118.7 million equity shares were allocated to anchor investors at Rs 23 per share. The anchor investors included Life Insurance Corporation of India (LIC), Nippon Life India and Bandhan Mutual Fund, along with Societe Generale, UTI Mutual Fund, Citrine Fund, Rajasthan Global Securities, M7 Global Fund, Copthall Mauritius Investment, and Maybank Securities.
Bharat Coking Coal IPO: Lot Size and Minimum Investment
Retail investors interested in applying for Bharat Coking Coal IPO can place bids for a minimum of 600 shares, which aggregates to an investment of Rs 13,800.
Bharat Coking Coal IPO Subscription Window, Listing Date, Allotment Date
Bharat Coking Coal IPO subscription window opened on January 9 and is scheduled to close tomorrow, January 13. The book-building issue’s share allotment status will be decided on January 14.
After the finalisation of the share allotment status of the public issue, refunds will be initiated for unsuccessful bidders on January 15. Successful bidders will receive shares of Bharat Coking Coal in their demat accounts on January 15 as well. Bharat Coking Coal’s shares will be listed on the NSE and BSE. The tentative listing date for Bharat Coking Coal shares is January 16.
Bharat Coking Coal: Key financials
In the period ended September 30, 2025, Bharat Coking Coal’s total income stood at Rs 6,311.51 crore, the company’s profit-after-tax stood at Rs 123.88 crore, and the company’s net-worth stood at Rs 5,830.89 crore.
The state-owned company’s total income fell by 1.71 per cent to Rs 14,401.63 crore in the fiscal year ended March 31, 2025, from Rs 14,652.53 crore in the preceding fiscal. In the same period, the profit-after-tax of the company stood at Rs 1240.19 crore, declining by 20 per cent from Rs 1564.46 crore in the preceding fiscal.
Bharat Coking Coal IPO Registrar
The registrar for the state-owned company’s public issue is Kfin Technologies, and the book-running lead manager is IDBI Capital Markets Services.
Bharat Coking Coal: Promoters
The promoters of Bharat Coking Coal include Coal India and the Ministry of Coal, Government of India. The promoters will divest 10 per cent of their stake via the offer-for-sale.
Bharat Coking Coal IPO: Objective
The promoters of the company will receive the proceeds of the public issue, and it will not go to the company.
About Bharat Coking Coal
Bharat Coking Coal is a subsidiary of Coal India. The state-owned company is primarily engaged in producing coking coal and other forms of coal, such as washed coal and non-coking coal. The company supplies its products to the steel and power industries.
