Image Source : Wright Research
Bharat Coking Coal Limited (BCCL), a Coal India subsidiary, made a stellar debut on the NSE and BSE today, listing at ₹45 against its IPO price of ₹23. The stock surged nearly 96%, reflecting strong investor demand. The IPO was oversubscribed 143.85 times, signaling robust confidence in India’s leading coking coal producer.
Show more
Bharat Coking Coal Limited (BARC.NS) has set the tone for 2026’s IPO market with a dramatic debut. Opening at ₹45 per share on NSE, the stock registered a 95.65% premium over its issue price of ₹23. On BSE, it listed at ₹45.21, marking a 96.57% surge.
Key Highlights
-
IPO Details: Priced at ₹23 per share, the ₹1,071 crore IPO was fully an offer-for-sale by Coal India.
-
Subscription Frenzy: The IPO was subscribed 143.85 times overall, with retail investors bidding 49.37x and non-institutional investors 240.49x.
-
Market Position: BCCL contributes 58.5% of India’s domestic coking coal output, with reserves of 7.91 billion tonnes across 34 mines.
-
Investor Sentiment: Strong grey market premium (GMP) ahead of listing indicated bumper gains, now validated by the debut performance.
-
Significance: This marks the first mainboard IPO of 2026, setting a bullish precedent for upcoming listings.
BCCL’s debut underscores investor appetite for resource-driven companies amid India’s infrastructure and steel sector growth. Analysts expect sustained interest given its dominant market share and strategic importance in energy security.
Sources: Business Standard, Moneycontrol, India Today, News18
Stay Ahead – Explore Now!
RBI Snapshot Reveals Dual Liquidity Story: Comfort in Cash, Need for Borrowings
Advertisement
Advertisement