Bharat Coking Coal (BCCL) IPO Enters Final Day; Subscription Soars Past Expectations
The ₹1,071.11 crore initial public offering (IPO) of Bharat Coking Coal Limited (BCCL) has entered its final day of bidding today, January 13, 2026. The issue has witnessed an overwhelming response from investors, with the IPO subscribed 33.60 times by the end of Day 2.
Bharat Coking Coal (BCCL) IPO: Key Issue Details
The BCCL IPO is a book-built issue worth ₹1,071.11 crore, structured entirely as an Offer for Sale (OFS) of up to 46.57 crore equity shares. As it is an OFS, the company will not receive any proceeds from the issue.
Price Band: ₹21 to ₹23 per share
Lot Size: 600 shares
Minimum Investment (Retail): ₹13,800 per lot
Lead Managers: IDBI Capital Markets & Securities Ltd, ICICI Securities Ltd
Registrar: KFin Technologies Ltd
Listing Date: January 15, 2026
Stock Exchanges: NSE and BSE
Bharat Coking Coal (BCCL) IPO Day 3 Subscription Status
(As of January 13, 2026, 7:00 PM)
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 310.81 |
| Non-Institutional Investors (NIIs) | 258.16 |
| Retail Individual Investors (RIIs) | 49.33 |
| Employees | 5.18 |
| Shareholders | 87.29 |
| Total | 146.87 |
Utilisation of IPO Proceeds
Since the IPO is entirely an Offer for Sale, all proceeds will go to the promoter selling shareholder, Coal India Limited. Bharat Coking Coal will not receive any funds from the issue.
Bharat Coking Coal (BCCL) IPO GMP Today
According to market sources, the Grey Market Premium (GMP) for the BCCL IPO is currently reported at ₹10.6 per share over the issue price, indicating positive investor sentiment ahead of listing.
Bharat Coking Coal (BCCL): Business Overview
Bharat Coking Coal Limited is India’s largest producer of coking coal, accounting for approximately 58.50% of the country’s total domestic coking coal production in FY25.
The company’s core operations revolve around coking coal mining, backed by strong geological reserves of around 7,910 million tonnes as of April 1, 2024. Its diversified product portfolio includes various grades of coking coal, non-coking coal, and washed coal, catering mainly to the steel and power sectors.
FAQs: Bharat Coking Coal (BCCL) IPO
1. What is the total size of the Bharat Coking Coal (BCCL) IPO?
The Bharat Coking Coal IPO is worth ₹1,071.11 crore.
2. When does the BCCL IPO close?
The IPO closes on January 13, 2026, which is the final day of bidding.
3. What is the price band for the BCCL IPO?
The price band has been fixed at ₹21 to ₹23 per equity share.
4. What is the lot size for retail investors in the BCCL IPO?
Retail investors can apply in lots of 600 shares, requiring a minimum investment of ₹13,800.
5. Is the BCCL IPO a fresh issue or an offer for sale (OFS)?
The IPO is entirely an Offer for Sale (OFS) of up to 46.57 crore equity shares.
6. Who is the promoter selling shareholder in the BCCL IPO?
The promoter selling shareholder is Coal India Limited.
7. Will Bharat Coking Coal receive funds from this IPO?
No, since it is a 100% OFS, BCCL will not receive any proceeds from the issue.
8. What is the listing date of the BCCL IPO?
The shares are scheduled to list on January 15, 2026.
9. On which stock exchanges will BCCL shares be listed?
The shares will be listed on both the NSE and BSE.
10. Who are the lead managers for the BCCL IPO?
The issue is being managed by IDBI Capital Markets & Securities Ltd and ICICI Securities Ltd.
11. Who is the registrar of the BCCL IPO?
KFin Technologies Limited is the registrar to the issue.
12. What is the subscription status of the BCCL IPO on Day 3?
As of 7:00 PM on January 13, 2026, the IPO was subscribed 146.87 times overall.
13. How many times was the IPO subscribed by QIBs?
The Qualified Institutional Buyers (QIBs) portion was subscribed 310.81 times.
14. What was the retail investor subscription level?
Retail Individual Investors (RIIs) subscribed the issue 49.33 times.
15. What is the subscription status for NIIs?
The Non-Institutional Investors (NIIs) category saw a subscription of 258.16 times.
16. What is the GMP of the BCCL IPO today?
The Grey Market Premium (GMP) is currently around ₹10.6 per share, as per market sources.
17. What does the GMP indicate for investors?
A positive GMP suggests strong investor interest and positive listing expectations, though it is not guaranteed.
18. What is Bharat Coking Coal Limited’s core business?
BCCL primarily focuses on coking coal mining and production, supplying to the steel and power sectors.
19. How significant is BCCL in India’s coking coal production?
BCCL contributed approximately 58.50% of India’s total domestic coking coal output in FY25.
20. What are the geological reserves of BCCL?
As of April 1, 2024, BCCL has estimated geological reserves of around 7,910 million tonnes.
