Bharat Coking Coal Ltd (BCCL), a wholly owned subsidiary of Maharatna-status Coal India Ltd and India’s largest producer of coking coal, is launching an initial public offering (IPO) to raise approximately ₹1,071.11 crore. The issue opens for subscription on January 9, 2026, and will close on January 13, 2026, with the price band fixed at ₹21 to ₹23 per share. The IPO is a book-built issue comprising entirely an offer for sale (OFS) of 46.57 crore equity shares aggregating up to ₹1,071.11 crore, with no fresh issue component. The shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), with a tentative listing date of January 16, 2026, subject to allotment and regulatory approvals.
Bharat Coking Coal IPO,IPO Day 2 Subscription Status
On Day 2, the Bharat Coking Coal IPO saw a phenomenal response, with overall subscription reaching 33.72 times. The QIB segment was subscribed 1.44 times, while Non-Institutional Investors (NII) showed exceptional interest at 96.41 times, led by sNII at 103.27 times and bNII at 92.98 times. The Retail Individual Investors (RII) category was subscribed 27.05 times. The Employee and Shareholder portions were subscribed 2.62 times and 44.07 times, respectively. In total, the issue received 48,57,418 applications with bids worth around ₹26,907.66 crore, reflecting very strong investor confidence.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 1.44 |
| Non-Institutional Investors (NII) | 96.41 |
| bNII (above ₹10 lakh) | 92.98 |
| sNII (less than ₹10 lakh) | 103.27 |
| Retail Individual Investors (RII) | 27.05 |
| Employees | 2.62 |
| Shareholders | 44.07 |
| Total Subscriptions | 33.72 |
Total Applications: 48,57,418
Total Bid Amount (₹ Crores): ₹26,907.66
Objective of the Bharat Coking CoalIPO
Since the Bharat Coking CoalIPO is a 100% Offer for Sale (OFS), the company will not receive any proceeds from the issue. The entire IPO proceeds will be received by the selling shareholders, and no funds will be utilized by Bharat Coking Coal for business expansion, capital expenditure, or other corporate purposes.
Bharat Coking Coal IPO GMP – Day 2 Update
The grey market premium (GMP) of the Bharat Coking CoalIPO stands at ₹10.85 as of January 12, 2025 (Day 2). Considering the upper end of the price band at ₹23 per share, the estimated listing price is around ₹33.85, reflecting a potential gain of approximately 47.17% per share in the grey market.
| Date | GMP | Est. Listing Price | Gain |
|---|---|---|---|
| 12-01-2025 (Day 2) | ₹10.85 | ₹33.85 | 47.17% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Bharat Coking CoalIPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | January 09, 2025 |
| IPO Closing Date | January 13, 2025 |
| Issue Price Band | ₹21 to ₹23 per share |
| Total Issue Size | 46,57,00,000 shares(agg. up to ₹1,071 Cr) |
| Listing Platform | BSE, NSE |
| Registrar | KFin Technologies Ltd. |
| Bharat Coking CoalIPO RHP | Bharat Coking Coal RHP |
Important Dates for Bharat Coking CoalIPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | January 14, 2025 |
| Refunds Initiation | January 15, 2025 |
| Credit of Shares to Demat | January 15, 2025 |
| Listing Date | January 16, 2025 |
Overview Of Bharat Coking Coal IPO
Bharat Coking Coal Limited (BCCL) is India’s largest coking coal producer, accounting for 58.50% of domestic coking coal production in FY25, as per CRISIL. Its primary product is coking coal, with estimated reserves of about 7,910 million tonnes as of April 1, 2024, making it one of the largest reserve holders in the country. BCCL produces multiple grades of coking coal, non-coking coal, and washed coal, mainly supplying the steel and power sectors. A wholly owned subsidiary of Coal India Limited, BCCL was incorporated in 1972 and received Mini Ratna status in 2014. Its operations are concentrated in the Jharia coalfield (Jharkhand) and Raniganj coalfield (West Bengal), spanning 288.31 sq. km. Coal production grew from 30.51 million tonnes in FY22 to 40.50 million tonnes in FY25, reflecting strong operational expansion driven by capacity addition, advanced mining practices, and efficient use of heavy earth-moving machinery.
Frequently Asked Questions (FAQs)
What is the opening and closing date of the Bharat Coking Coal IPO?
Bharat Coking Coal IPO is open on January 09, 2025 and will close on January 13, 2025.
What is the price band of the Bharat Coking Coal IPO?
Its price band is fixed from ₹21 to ₹23 per share.
What is the GMP (Grey Market Premium) of the Bharat Coking Coal IPO today?
The GMP on January 12, 2025 is ₹10.85, which leads to a possible listing price of ₹33.85
What is the total issue size of the Bharat Coking CoalIPO?
The total issue size of the Bharat Coking CoalIPO is ₹1017 crore, structured entirely as an Offer for Sale (OFS) by existing shareholders, with no fresh issue component.
What is the expected listing date of the Bharat Coking CoalIPO?
This IPO is expected to be listed on BSE and NSE on January 16, 2025.
