Image Source: The Economic Times
On January 9, 2026, Bharat Coking Coal Ltd’s ₹1,071 crore IPO was fully subscribed within hours of opening. The OFS issue, priced at ₹21–₹23 per share, saw strong retail and NII demand. GMP signals up to 40% listing gains. Subscription closes January 13.
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The much-anticipated Bharat Coking Coal Limited (BCCL) IPO was fully subscribed on Day 1, underscoring strong investor appetite for the Coal India subsidiary. The issue, valued at ₹1,071 crore, opened with a price band of ₹21–₹23 per share and saw bids pouring in across categories.
Key Highlights
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Rapid Subscription: The IPO was fully subscribed within the first hour of opening, reflecting robust demand from retail and non-institutional investors.
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Offer Details: The issue comprises 46.57 crore shares via an Offer for Sale (OFS) by parent company Coal India, meaning no fresh capital will be raised.
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Valuation: At the upper end of the price band, BCCL’s pre-IPO market capitalization is pegged at ₹10,711 crore.
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Grey Market Premium (GMP): Shares are trading at a premium of ₹9–₹11, indicating potential listing gains of nearly 40%.
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Timeline: The subscription window remains open until January 13, 2026, giving investors additional time to participate.
This strong debut highlights investor confidence in India’s energy sector and the continued appeal of PSU-linked offerings.
Sources: News18, Mint, Moneycontrol
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