8 months ago
Bharat Coking Coal IPO Subscribed 146.81 Times
Bharat Coking Coal Limited (BCCL) had a very successful IPO.
It was subscribed 146.81 times, meaning there were many more bids than shares available.
The IPO raised ₹1,071.11 crore, with shares priced between ₹21 and ₹23.
Investors, especially big ones like institutional buyers, showed a lot of interest.
The company, which mines coal in Jharkhand and West Bengal, is valued at over ₹10,700 crore.
The IPO is part of the government's plan to sell parts of Coal India and make the coal sector more transparent.
The shares are expected to list on January 16, 2026, and they are already trading at a high premium in the grey market, which suggests they might be worth more when they start trading publicly.
Bharat Coking Coal Limited's IPO was subscribed 146.81 times, with strong interest from institutional and non-institutional investors.
The IPO raised ₹1,071.11 crore with a price band of ₹21-23 per share, and the final issue price was fixed at ₹23.
The company is valued at approximately ₹10,711 crore, and the IPO is part of the government's divestment strategy.
The IPO saw a high grey market premium (GMP) of ₹13.4, indicating a positive outlook for the company's listing.
BCCL operates 34 mines and contributed 58.5% of India’s domestic coking coal production in FY25.
- Who
- Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India
- What
- Initial Public Offering (IPO)
- Where
- India, with mines in Jharia (Jharkhand) and Raniganj (West Bengal)
- When
- Opened on January 9, 2026, closed on January 13, 2026, listing on January 16, 2026
- Why
- To mobilize funds and part of the government's divestment push in the coal sector
Key facts
- Subscription Rate
- 146.81 times
- Shares Offered
- 46.57 crore
- Price Band
- ₹21-23 per share
- Minimum Investment (Retail)
- ₹13,800 (600 shares)
- Minimum Investment (NII)
- ₹2.07 lakh (9,000 shares)
- Employee Discount
- ₹1 discount per share
- Company Valuation
- ₹10,711 crore
- Grey Market Premium (GMP)
- ₹13.4 (58.26% premium)
- IPO Size
- ₹1,071.11 crore
- Listing Date
- January 16, 2026
Timeline
Meme stock frenzy spiked, retail investors FOMO-driven.
Then, IPO oversubscribed, demand soaring.
Minutes later, subscription rate skyrocketed, 8.08x.
Final tally: 146.80x, ₹1,071.11 crore raised.
Bharat Coking Coal valued at over ₹10,700 crore.
Quotes
Bharat Coking Coal Ltd (BCCL)
A subsidiary of Coal India focused on mining and supplying coking coal.
“The IPO will help achieve the benefits of listing.”
freepressjournal.in
Sources
Bharat Coking Coal IPO Subscribed 146.81 Times On Final Day, QIBs Take The Lead
Bharat Coking Coal IPO allotment LIVE: Check steps to track status — BCCL IPO GMP signals 58% listing gain
LIVE: Bharat Coking Coal IPO allotment today after bumper subscription – GMP signals listing surprise
Bharat Coking Coal IPO GMP Live Updates: GMP Signal Over 44% Jumps In Listing; Should You Apply?
Bharat Coking Coal IPO subscribed 146.87 times on final day, QIB demand surges
Bharat Coking Coal IPO allotment date likely today. GMP, steps to check share allotment status online
Bharat Coking Coal IPO: First mainboard offer of the year sees bumper 146.80x bids — Check BCCL IPO GMP, other details
Bharat Coking Coal IPO Subscribed 76.81 Times On Final Day, Non-Institutional Investors Take The Lead
Bharat Coking Coal IPO Allotment Today: Here's Step-By-Step Guide To Check Status Online
Bharat Coking Coal IPO Listing Delayed Due To BMC Elections, Massive Subscription Fuels Strong Listing Expectations
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