Tag: BharatCokingCoal

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Bharat Coking Coal stock drops 7% after strong market debut

Shares of Bharat Coking Coal Ltd (BCCL) fell about 7% after a strong stock market debut, where the stock listed at a 97% premium over its IPO price.

The sharp fall came as investors booked profits following the big opening-day gains. The company’s IPO received strong demand, helping the stock open at high levels. Market experts say such a fall is common after a sharp listing rally.

They advise short-term investors to consider booking profits, while long-term investors may hold the stock based on the company’s business prospects and role in the coal sector.

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Bharat Coking Coal IPO subscribed 147 times on last day

The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL), a subsidiary of state-owned Coal India Limited, received an overwhelming response from investors, with the issue being subscribed 146.81 times on the final day of bidding on Tuesday.

According to stock exchange data, the IPO attracted bids for more than 5,095 crore shares, against 34.7 crore shares on offer. The strong demand came from all investor categories, led by institutional buyers.

The Qualified Institutional Buyers (QIBs) segment was subscribed over 300 times, reflecting strong interest from domestic and foreign institutions. The Non-Institutional Investors (NIIs) category also saw heavy participation, with subscriptions exceeding 250 times, while Retail Individual Investors (RIIs) subscribed the issue nearly 49 times. Employee and shareholder portions were also fully subscribed.

The IPO, priced in the range of Rs 21 to Rs 23 per share, was entirely an offer for sale (OFS) by Coal India. As a result, the company itself will not receive any fresh capital from the issue, and the proceeds will go to the parent company. At the upper end of the price band, the IPO values Bharat Coking Coal at over Rs 10,700 crore.

Ahead of the public issue, the company had raised around Rs 273 crore from anchor investors, signalling early confidence in the offering. Market participants said the anchor book and the company’s strong position in the coking coal segment helped boost investor sentiment.

Bharat Coking Coal is one of India’s key producers of coking coal, which is an essential raw material for the steel industry. The company’s mining operations are largely concentrated in Jharkhand and West Bengal, regions known for high-quality coking coal reserves.

Analysts attributed the exceptional subscription to multiple factors, including the company’s strategic importance, steady demand from the steel sector, reasonable valuation, and expectations of listing gains. Reports suggest the IPO received applications from over 90 lakh investors, making it one of the most subscribed public sector offerings in recent years.

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BCCL ₹1,071 cr IPO sees strong demand

Bharat Coking Coal Ltd (BCCL), a subsidiary of Coal India Ltd, launched its initial public offering (IPO) on January 9, 2026, priced at ₹21–23 per share. The IPO, entirely structured as an offer-for-sale (OFS), aims to raise approximately ₹1,071 crore from investors. It marks one of the first major public offers of 2026 and has attracted considerable attention from retail, institutional, and non-institutional investors.

The subscription process is open until January 13, with allotment expected on January 14. Shares are likely to debut on the BSE and NSE on January 16. Early indications suggest strong demand across all investor categories, reflecting confidence in BCCL’s market position and backing from its parent company, Coal India.

The grey market premium (GMP) for the BCCL IPO is signaling potential listing gains of 40–50%, a robust figure that has further piqued investor interest. Analysts note that BCCL, being a government-backed coal producer with a strong operational track record, presents a relatively low-risk investment option with good growth prospects.

BCCL operates in the coking coal segment, supplying a critical raw material for steel production. The company’s parentage under Coal India Ltd provides additional credibility, attracting both retail and institutional investors looking for stable government-linked opportunities. Market experts believe that the strong grey market activity combined with oversubscription trends indicates a healthy appetite for government-linked IPOs in the current market scenario.

The public offer is also expected to enhance BCCL’s visibility among investors and strengthen its financial profile. Analysts recommend subscribing to the IPO, citing both its strategic importance in India’s coal sector and the potential upside at listing.

 The BCCL IPO is being seen not just as a financial opportunity but also as a barometer of investor sentiment toward government-backed enterprises in the early part of 2026.

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Bharat Coking Coal IPO price set at ₹21–₹23

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, has fixed the price band for its initial public offering (IPO) at ₹21 to ₹23 per share. The company plans to raise about ₹1,071 crore through this issue, which will be entirely an offer-for-sale (OFS). This means Coal India will sell part of its stake, while BCCL itself will not receive any fresh funds from the IPO.

The IPO will open for public subscription on January 9 and close on January 13. Anchor investors will be able to bid a day earlier, on January 8. Shares are expected to be listed on the BSE and NSE on January 16, subject to final approvals.

The issue consists of up to 46.57 crore equity shares with a face value of ₹10 each. Retail investors can apply for a minimum of one lot of 600 shares. At the lower end of the price band, the minimum investment works out to about ₹12,600, while at the upper end it is around ₹13,800. Eligible employees will get a discount of ₹1 per share.

As per market rules, up to 50% of the issue is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors such as high-net-worth individuals. Separate reservations have also been made for eligible employees and existing Coal India shareholders.

Market interest in the IPO appears strong. In the grey market, BCCL shares are reportedly trading at a premium of around ₹16 per share, suggesting expectations of a healthy listing gain. However, investors are advised to note that grey market premiums are unofficial and can change quickly.

Bharat Coking Coal is one of India’s key producers of coking coal, which is mainly used in steel making. The company operates largely in Jharkhand and West Bengal, including the Jharia coalfields. Its listing is part of the government’s broader plan to unlock value from public sector subsidiaries and improve transparency through market participation.

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