Bharat Coking Coal IPO Opens: Strong Investor Interest and Premium Buzz

Bharat Coking Coal IPO: Key Details

Bharat Coking Coal Limited (BCCL), a Mini Ratna PSU under Coal India, has opened its Initial Public Offering (IPO) on January 9, 2026. This marks the first major IPO of the year, drawing strong attention from retail and institutional investors.

Key Highlights:

• Issue Size: ₹1,071.11 crore via Offer for Sale (OFS) of 465.7 million shares.
• Price Band: ₹21–₹23 per share; lot size fixed at 600 shares (minimum investment ~₹13,800).
• Anchor Investment: ₹273.13 crore raised from 15 investors including LIC, Nippon Life India, Bandhan MF, Societe Generale, and UTI MF.
• Grey Market Premium (GMP): Trading between ₹9.25–₹16.25 per share, indicating up to 40% listing premium expectations.
• Subscription Window: January 9–13, 2026.
• Valuation: At upper band, BCCL is valued at 8.64x FY25 earnings, considered fairly priced by analysts.
• Strategic Context: Supports government’s divestment agenda and tests investor appetite for PSU stocks.

BCCL’s strong parentage under Coal India, affordable pricing, and robust anchor participation make this IPO a notable opportunity, though investors should weigh risks tied to coal sector volatility.

Sources: Business Standard, Goodreturns, CNBC-TV18, Moneycontrol, India Today