Bharat Coking Coal IPO subscribed 6.51 times so far on Day 1: Check price band, lot size and key dates

Bharat Coking Coal IPO: The initial share sale of Bharat Coking Coal Ltd (BCCL), a wholly owned unit of Coal India Ltd and the country's largest coking coal producer, was subscribed 6.51 times so far on Friday, January 9, the first day of bidding. The issue will end on Tuesday, January 13. The price band has been fixed at ₹21 to ₹23 per share.

It got bids for 2,25,92,41,800 shares as against 34,69,46,500 shares on offer, according to the consolidated data on the NSE until 3:01 pm. The part kept aside for non-institutional investors was subscribed 12.40 times, while retail investors' category was booked 7.89 times. Qualified institutional buyers quota was booked 25%.

The initial public offering is only an offer for sale (OFS) of 46.57 crore shares valued at ₹1,071.11 crore. There is no fresh issue component.

Under the OFS, promoter Coal India is offloading its stake. Since there is no fresh issuance of shares, the company will not get any proceeds from the issue.

A lot consists of 600 shares and in multiples thereafter. The company has set aside 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs).

Before the IPO, the company collected ₹273.1 crore from anchor investors, including Life Insurance Corporation of India, Copthall Mauritius Investment Ltd, Citrine Fund, Societe Generale, M7 Global Fund PCC-ASAS Global Opportunities Fund, Rajasthan Global Securities, Maybank Securities, UTI Dividend Yield Fund, Bandhan Small Cap Fund and A/C Nippon India Small Cap Fund.

Bharat Coking Coal Ltd (BCCL), incorporated in 1972, is involved in the production of coking coal, non-coking coal, and washed coal. As of September 2025, it operates a network of 34 operational mines, including 26 opencast, four underground and four mixed mines.

ICICI Securities and IDBI Capital Markets & Securities are issue's book-running lead managers, while KFin Technologies is the registrar.

Bharat Coking Coal IPO GMP

According to media reports and investorgain.com, unlisted shares of Bharat Coking Coal are trading at ₹32.25, reflecting a grey market premium of 40.22%, or ₹9.25, over the upper price band of ₹23.