
The basis of allotment for the ₹1,071.11 crore Bharat Coking Coal (BCCL) IPO will be announced today, 14 January 2026. The bidding window was open from January 9, 2026, to January 13, 2026, during which the IPO received a bumper subscription of 146.87 times
The Bharat Coking Coal (BCCL) IPO is a book-build issue of ₹1,071.11 crores and structured entirely as an Offer-for-Sale (OFS), with Coal India Limited offloading up to 46.57 crore equity shares. The price band is set between ₹21 and ₹23 per share.
The booking-running lead managers for the IPO are IDBI Capital Markets & Securities Limited and ICICI Securities Limited, while KFin Technologies Limited is the registrar for the issue.
As the issue is an offer for sale (OFS), the company will not receive any proceeds; they will be allocated directly to the selling shareholder, i.e., Coal India Limited.
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[13-January-2026 19:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
310.81 |
|
Non-Institutional Investors |
258.16 |
|
Retail Individual Investors (RIIs) |
49.33 |
|
Employees |
5.18 |
|
Shareholders |
87.29 |
|
Total |
146.87 |
According to media reports, the Grey Market Premium (GMP) of the Bharat Coking Coal (BCCL) IPO is reported at ₹13.4 over the IPO price.
Bharat Coking Coal (BCCL) is a leading producer of coking coal in India and the largest domestic supplier in fiscal year 2025, accounting for approximately 58.50% of India’s total coking coal production during the year. Their operations are primarily focused on the extraction and supply of coking coal.
BCCL is a wholly owned subsidiary of Coal India Limited (“CIL”) and was granted Mini Ratna status in 2014.
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