Bharat Coking Coal (BCCL) IPO Day 1: Check Latest GMP, Subscription Status, Key Highlights, and More
The first mainboard IPO of 2026, Bharat Coking Coal (BCCL), is open for public subscription today, 9 January, 2026. The wholly owned subsidiary of Coal India Limited has raised ₹273.13 crore from anchor investors on January 8, 2026.
Bharat Coking Coal (BCCL) IPO: Issue Details
Issue Type: 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.
Lot Size: 600 shares
Price Band: ₹21-₹23 per share
Minimum Investment: ₹13,800 (for retail investors)
IPO Closing Date: January 24, 2026
Allotment Date: The basis of allotment will be finalised by January 14, 2026.
Listing Date: The tentative listing date on BSE and NSE is January 15, 2026.
Book Running Lead Manager: IDBI Capital Markets & Securities Limited and ICICI Securities Limited
Registrar: KFin Technologies Limited
Bharat Coking Coal (BCCL) IPO Day 1 Subscription Status
[9-January-2026 17:00:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.30 |
|
Non-Institutional Investors |
16.39 |
|
Retail Individual Investors (RIIs) |
9.26 |
|
Employees |
0.83 |
|
Shareholders |
10.86 |
|
Total |
8.08 |
Utilisation of IPO Proceeds
As the issue is an offer for sale (OFS), the company will not receive any proceeds; they will be allocated directly to the Promoter Selling Shareholder, Coal India Limited
Bharat Coking Coal (BCCL) IPO GMP
As per media reports, the Grey Market Premium (GMP) of Bharat Coking Coal (BCCL) is reported at ₹11 over the IPO price.
Bharat Coking Coal (BCCL) Business Overview
Bharat Coking Coal (BCCL) is India’s leading producer of coking coal that plays a critical role in supporting the country’s steel and power sectors. In fiscal 2025, BCCL accounted for approximately 58.5% of India’s total domestic coking coal production.
According to industry estimates, the company holds around 7,910 million tonnes of coking coal reserves as of April 1, 2024, making it one of the largest holders of such reserves in the country.
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