Reflecting a strong investor participation, the initial public offering (IPO) of Bharat Coking Coal received a stunning 146.87 times the applications on the final day of bidding.
The public bidding of the IPO commenced on January 9 and the window period to submit the applications concluded on January 13.
As per the data available on the official website of the National Stock Exchange (NSE), BCCL received a total of 146.87 times applications, with Qualified Institutional Buyers subscribing to 310.81 times their subscription. Meanwhile, Non Institutional Investors subscribed 203.99 times and Retail Individual Investors subscribed 38.3 times.
The company's Rs 1,071-crore IPO is the first mainboard issue of 2026. The price range has been set at Rs 21-23. The minimum investment needed to apply for the BCCL IPO was Rs 12,600/ per lot with 600 shares.
As per the official schedule, the allotment of shares is expected to take place on January 14, with the listing of shares expected to take place on January 16.
Investors who have not been allotted the shares will receive their money as early as possible.
As per multiple media reports, the latest grey market premium (GMP) for Bharat Coking Coal Limited stands at Rs 10- 11 per share, suggesting a listing gain of around 46-48 per cent for the investors. However, GMP is an unofficial indicator and can change before listing.
About BCCL:
Bharat Coking Coal Limited (BCCL) is a wholly-owned subsidiary of Coal India Limited (CIL). The company was incorporated in 1972 to mine and supply coking coal concentrated in mines at Jharia, Jharkhand, and Raniganj, West Bengal, coalfields.
As per PTI, the listing of BCCL is part of the government's broader divestment push in the coal sector, aimed at unlocking value in Coal India's subsidiaries and enhancing transparency through market discipline.