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Bharat Coking Coal IPO: Investors’ mood is bullish, GMP gave this indication
highlights
- The subscription window for the IPO of Bharat Coking Coal, a subsidiary of Coal India, is open till January 13.
- Bharat Coking Coal’s IPO was subscribed a total of 8.18 times on Friday, the first day.
- There has been a jump in the grey-market premium of Bharat Coking Coal IPO compared to the last two days.
The response from investors was good on the first day of subscription. There was a jump in grey-market premium (GMP) on Sunday as compared to Friday. Now it remains to be seen how much investors trust this IPO. Bharat Coking Coal’s IPO is a book build issue of Rs 1,071.11 crore, with an offer for sale of 46.57 crore shares.
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Bharat Coking Coal IPO was subscribed 8.18 times on the first day on Friday. It was subscribed 9.45 times in the retail category, 0.30 times in the QIB (except anchor) and 16.45 times in the NII category.
Bharat Coking Coal IPO GMP
The grey-market premium for Bharat Coking Coal’s IPO is at Rs 10.3-10.4, according to websites tracking grey-market premium, last updated at 7.57am on January 11. With a price band of Rs 23, the estimated listing of Bharat Coking Coal IPO could be Rs 33.4 (cap price + today’s GMP). The expected percentage profit or loss per share is expected to be 45.22 percent.
Bharat Coking Coal IPO Price Band And Lot Size
The price band of Bharat Coking Coal IPO has been fixed at Rs 21-23 per share. The lot size for one application is 600. A retail investor can make a minimum investment of Rs 13,800 for 600 shares. Whereas for sNII the lot size is 15 (9,000 shares), which is priced at Rs 2,07,000, and for bNII it is 73 lots (43,800 shares), which is priced at Rs 10,07,400.
Bharat Coking Coal IPO Subscription Date
The subscription window of Bharat Coking Coal IPO opened from Friday and will now close on January 13.
Bharat Coking Coal IPO Allotment Date
The allotment date of shares of Bharat Coking Coal IPO is 14 January. It is expected that allotment of shares may take place on this date.
Bharat Coking Coal IPO Listing Date
The listing of shares of Bharat Coking Coal IPO will be done on BSE, NSE, the probable date of which has been fixed as 16th January. Bharat Coking Coal can debut in the stock market on this date.
Bharat Coking Coal IPO Registrar
The book running lead manager of Bharat Coking Coal IPO is IDBI Capital Markets Services Limited and Kfin Technologies Limited is the registrar to the issue.
about the company
Bharat Coking Coal Limited (BCCL), formed in 1972, is engaged in the production of coking coal, non-coking coal and washed coal. This company is a fully subsidiary of Coal India Limited. As of September 30, 2025, the company has a recorded network of 34 operational mines, including four underground, 26 opencast and four mixed mines.
The company’s main product is coking coal, which is supplied to steel and power industries. In FY 2025, BCCL will cater to 58.50 per cent of the total domestic coking coal production in India.
(Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.)
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