8 months ago
Bharat Coking Coal's ₹1,071 Crore IPO Fully Subscribed
Bharat Coking Coal Ltd, a company that mines and supplies coking coal, recently launched its initial public offering (IPO) worth ₹1,071 crore.
The IPO was fully subscribed within minutes of opening and ended with 8.08 times subscription.
Non-institutional investors and retail investors showed strong interest, while qualified institutional buyers had a 30% subscription.
The company raised ₹273 crore from anchor investors.
The IPO will conclude on January 13, 2026, with a price band of ₹21 to ₹23 per share.
This IPO is part of the government's plan to make Coal India's subsidiaries more valuable and transparent.
The company was founded in 1972 and operates mines in Jharia and Raniganj.
Bharat Coking Coal Ltd's ₹1,071 crore IPO was fully subscribed within minutes and ended with 8.08 times subscription.
Non-institutional investors saw 16.39 times subscription, retail investors 9.26 times, and qualified institutional buyers 30%.
The IPO, the first mainboard issue of 2026, will conclude on January 13, 2026, with a price band of ₹21 to ₹23 per share.
The company raised ₹273 crore from anchor investors and is valued at over ₹10,700 crore at the higher end of the price band.
The IPO is part of the government's divestment push to unlock value in Coal India's subsidiaries and enhance transparency.
- Who
- Bharat Coking Coal Ltd (BCCL), a subsidiary of Coal India
- What
- Initial public offering (IPO) fully subscribed
- Where
- India, with mines in Jharia, Jharkhand and Raniganj, West Bengal
- When
- January 10, 2026, concluding on January 13, 2026
- Why
- To unlock value in Coal India's subsidiaries and enhance transparency
Key facts
- IPO Amount
- ₹1,071 crore
- Subscription Rate
- 8.08 times
- NII Subscription
- 16.39 times
- RII Subscription
- 9.26 times
- QIB Subscription
- 30%
- Anchor Investor Funds
- ₹273 crore
- IPO Closing Date
- January 13, 2026
- Price Band
- ₹21 to ₹23 per share
- Company Valuation
- Over ₹10,700 crore
- Equity Shares Offered
- 46.57 crore




