Coal India subsidiary Bharat Coking Coal Limited’s initial public offering is expected to list at a premium, based on grey market activity tracked by several websites. The IPO is expected to list at a premium of Rs 14.2 per share.
Bharat Coking Coal Limited, a subsidiary of PSU Maharatna Coal India Limited, is scheduled to list on January 19, 2026. The listing was earlier scheduled for January 16 but was deferred due to the BMC election results. Based on grey market premium and IPO subscription data, the estimated listing gain is 61.74% per share.
The upper price band for the BCCL IPO was Rs 37.2 per share. Grey market tracking websites indicate an expected listing premium of Rs 14.2, implying a potential gain of 61.74% on the listing day. The IPO is entirely an offer-for-sale, which means Bharat Coking Coal Limited will not receive any proceeds from the issue. The funds raised through the IPO will go to the promoter and shareholder, Coal India Limited.
The IPO, sized at Rs 1,071.11 crore, received subscriptions of around 147 times. During the offer period from January 9 to January 13, bids were received for about 50,95,55,58,000 shares against an offer size of 34,69,46,500 shares.
In the qualified institutional buyers segment, bids were received for 24,60,65,19,600 shares against a reserved quota of 7,91,69,000 shares, translating into subscription of over 300 times. The retail investor category was subscribed 49.33 times. The non-institutional investors and shareholder categories were subscribed 258.16 times and 87.29 times, respectively.
The IPO is scheduled to list on the NSE and BSE on January 19, 2026.
