BCCL IPO: The IPO of Bharat Coking Coal Limited, a subsidiary of Coal India, is expected to have a strong listing. According to several websites that track gray market activities, the IPO of Bharat Coking Coal Limited is expected to be listed at a premium of Rs 14.2. The IPO is expected to be listed at a price of Rs 37.2 with the upper price band of the IPO. That means investors will get 61.74 percent profit on every share.
When will the listing happen?
The listing of Bharat Coking Coal, a subsidiary of PSU Maharatna Coal India, was earlier to be held on January 16, the date of which was later changed to January 9, 2026. This delay occurred due to BMC election results.
This IPO of Rs 1,071.11 crore received tremendous response from investors. It was subscribed approximately 147 times. The IPO, which was open from January 9 to January 13, received bids for 50,95,55,58,000 shares as against 34,69,46,500 shares offered on its last day. The IPO got this amazing response despite the fact that it was completely an offer-for-sale (OFS). That means Bharat Coking Coal will not get any money from this issue. The entire amount raised will go to the promoter and selling shareholder, Coal India Limited.
Lots of bids received for IPO
Category-wise, the issue received maximum subscription from Qualified Institutional Buyers (QIBs), who subscribed the issue more than 300 times. Bids were made for 24,60,65,19,600 shares against the reserve of 7,91,69,000 shares for this segment. Retail investor’s share was subscribed 49.33 times. Strong demand was also seen in non-institutional investors and shareholder categories, which were subscribed 258.16 times and 87.29 times respectively.
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