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.

Bharat Coking Coal Ltd IPO: The IPO of Coal India’s subsidiary company Bharat Coking Coal Ltd opened from today. It is getting tremendous response from investors on the very first day. The situation is that within the first hour of opening of IPO it was completely subscribed. Subscribed 1.55 times at 10.42 am.

Non-Institutional Investors (NII) and retail investors showed the most interest in IPO. The portion reserved for non-institutional investors was subscribed 2.57 times, while the portion for retail investors was subscribed 2.12 times. In contrast, qualified institutional buyers subscribed only 0.01 times and the portion reserved for employees was subscribed 0.17 times.

Important details related to IPO

The size of the IPO of Bharat Coking Coal Limited is Rs 1,071 crore. Investors will be able to bid for this till January 13, 2026. This issue will be completely an Offer for Sale (OFS), in which the promoters of Coal India will sell their share. Fresh issues will not be issued in IPO. That means the company will not get any money from this issue. The price band of IPO is Rs 21-23 per share. The company’s shares are going to be listed on the stock exchange on January 16, 2026.

Earning of Rs 273 crore from anchor investors

Many big investors participated in the anchor book. These include Life Insurance Corporation of India, Societe Generale, Copthall Mauritius Investment Limited, Citrine Fund, M7 Global Fund PCC-ASAS Global Opportunities Fund, Maybank Securities and Rajasthan Global Securities Private Limited. This clearly reflects the confidence of institutional investors in the issue. BCCL has raised Rs 273.13 crore from anchor investors. At a price of Rs 23 per share, the largest investor in the anchor book was Life Insurance Corporation of India (LIC), which bought 3.39 crore shares for about Rs 78 crore.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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BCCL IPO: Coal India’s subsidiary company Bharat Coking Coal Limited (BCCL) is going to debut in the share market. It is being seen as the listing of a high-profile public sector company in the IPO market of India in the new year 2026. According to media reports, the IPO is expected to be launched in the next two weeks. BCCL is a Maharatna company, hence its listing is considered very important for investors.

DRHP was submitted in May

In May this year, BCCL had submitted DRHP for the IPO with market regulator SEBI as well as BSE and NSE. Sources have informed PTI that to speed up the listing, the vacant posts of six independent directors on the board of BCCL have to be filled as soon as possible.

Sources also said that on behalf of the Coal Ministry, Cabinet Secretary TV Somanathan was told that at present there are six vacancies of independent directors on the board of BCCL, which need to be filled as soon as possible to complete the listing process.

IPO completely OFS

According to media reports, the IPO size of Bharat Coking Coal Limited is estimated to be around Rs 1,300 crore, which means that the valuation of the company before listing will be around Rs 13,000 crore.

This issue is expected to be a complete offer-for-sale (OFS), in which Coal India is looking to sell about 10 percent of its stake in BCCL. This means that approximately 46.57 crore equity shares will be sold. Since new shares are not being issued, the entire money received from the IPO will go to Coal India. The purpose of selling stake is to increase its participation in the market, which will also increase its value.

Waiting for these details to arrive

Important details of the IPO like price band, lot size and final issue structure have not been disclosed yet. ICICI Securities and IDBI Capital Markets & Securities have been appointed as book-running lead managers, while KFin Technologies will act as the registrar. SEBI had approved the draft red herring prospectus of BCCL in September, paving the way for the listing.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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