New Delhi: The first big IPO of 2026, Bharat Coking Coal Limited, opened for public subscription on January 9, 2025, Friday. As the public issue opened,
it got fully subscribed in just half an hour. Non-institutional investors i.e. NII were seen heavily applying for the PSU IPO. Due to strong parentage, limited coking coal reserve and positive signs of grey market, retail and big investors are showing special interest in this IPO.
Bharat Coking Coal IPO
This Bharat Coking Coal IPO is worth around Rs 1,071 crore, which will close on 13 January. This entire issue is of Offer for Sale. The face value of the stock is Rs 10, while the price band has been fixed from Rs 21 to 23 per share. Retail investors can apply for a minimum of one lot, which includes 600 shares. In this way, retail investors will have to invest at least Rs 13,800. Possible listing of the company’s shares can be done on the BSE and NSE on January 16, 2026.
BCCL IPO Subscription status
Shareholder quota: 1.17 times
Employee quota: 0.09 times
Retail Investor (RII): 1.37 times
Non-Institutional Investor (NII): 1.88 times
Qualified Institutional Buyers (QIBs): 0.01 times
BCCL IPO GMP jumps
According to Investorgain, the latest grey market premium of the Bharat Coking Coal IPO is said to be around Rs 10.05. If one considers the upper price band of Rs 23, then the estimated listing price of the stock could be around Rs 33.50. Accordingly, investors can get a potential profit of about 45.65 percent on the listing. Few days ago, the GMP was indication 40 percent listing profits.
Bharat Coking Coal allotment and listing dates
| Description | Information |
| IPO opening date | 9 to 13 January 2026 |
| Listing Date | 01/16/26 |
| face value | ₹10 per share |
| Price Band | ₹21 to ₹23 per share |
| Lot Size | 600 shares |
| Sale Type | offer for sale |
| Issue Type ( | Book Building IPO |
| Listing Platform | BSE, NSE |
BCCL IPO Review
If you are planning to bid for BCCL IPO, you need to know what brokerage firm SBI Securities is suggesting. The brokerage has backed the Bharat Coking Coal Limited IPO as the PSU commands a strong position in India’s total domestic coking coal production and its fundamentals.
About Bharat Coking Coal
Bharat Coking Coal Limited is a wholly-owned subsidiary of Coal India Limited. The company is mainly in the business of mining and production of coking coal. Apart from this, it also produces non-coking coal and washed coal. As of 31st March 2025, the company has a total of 32 mines, which include 25 opencast mines and 3 underground mines. Coking coal is the main product of the company, which is mostly supplied to the steel and power sector. As of 1 April 2024, the company had an estimated stock of about 7,910 million tonnes of coking coal. In the financial year 2025, the company’s share in the country’s total domestic coking coal production was about 58.5 percent.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
