Bharat Coking Coal is entering the public markets through Mainboard IPO with an issue size of ₹1,071.11 crore. The offer is entirely an offer for sale by existing shareholders. The shares are proposed to be listed on NSE & BSE.
The IPO subscription window opens on January 9, 2026 and will remain open until January 13, 2026. The company plans to list its shares on January 19, 2026. Since this is a Mainboard IPO, participation is expected from a wide range of investors.
Bharat Coking Coal Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Bharat Coking Coal that investors generally review before applying.
IPO Details at a Glance
| Company Name | Bharat Coking Coal |
|---|---|
| IPO Segment | Mainboard |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Price | ₹23 Per Share |
| Lot Size | 600 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & BSE |
| Pre-Issue Shareholding | 465,700,000 shares |
| Post-Issue Shareholding | 465,700,000 shares |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 197,922,500 | 42.50% |
| — Anchor Investor | 118,753,500 | 25.50% |
| — QIB (Ex Anchor) | 79,169,000 | 17.00% |
| NII (HNI) | 59,376,750 | 12.75% |
| — bNII > ₹10L | 39,584,500 | 8.50% |
| — sNII < ₹10L | 19,792,250 | 4.25% |
| Retail | 138,545,750 | 29.75% |
| Employee Reservation | 23,285,000 | 5.00% |
| Shareholder | 46,570,000 | 10.00% |
| Total Shares Offered | 465,700,000 | 100.00% |
Bharat Coking Coal IPO Important Dates
The following table highlights the key dates for the Bharat Coking Coal IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 09 Jan 2026 |
|---|---|
| IPO Closing Date | 13 Jan 2026 |
| Allotment Finalization | 14 Jan 2026 |
| Initiation of Refunds | 15 Jan 2026 |
| Credit of Shares | 15 Jan 2026 |
| IPO Listing Date | 19 Jan 2026 |
Bharat Coking Coal IPO Size & Structure
| Total IPO Size | ₹1,071.11 Crore |
|---|---|
| Offer For Sale | ₹1,071.11 Crore |
Bharat Coking Coal IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Bharat Coking Coal IPO, which is a fixed price IPO priced at ₹23 per share.
Investors can apply for the IPO with a minimum of 600 shares. Applications must be made in multiples of 600 shares.
- Retail investors can apply from 1 lot to 14 lots.
- Small HNI (SHNI) investors must apply for at least 15 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 73 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹23 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹23 | ₹13,800 |
| Retail (Max) | 14 | 8,400 | ₹23 | ₹193,200 |
| S-HNI (Min) | 15 | 9,000 | ₹23 | ₹207,000 |
| S-HNI (Max) | 72 | 43,200 | ₹23 | ₹993,600 |
| B-HNI | 73 | 43,800 | ₹23 | ₹1,007,400 |
Bharat Coking Coal IPO GMP (Grey Market Premium)
The latest Bharat Coking Coal IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Bharat Coking Coal IPO GMP is ₹18 (76.09%), compared to the IPO issue price of ₹23. Based on the current GMP, the expected listing price is around ₹41. The Lowest GMP was ₹0 on 02 Jan 2026, while the highest GMP reached ₹18 on 19 Jan 2026.
Bharat Coking Coal IPO was listed on the stock exchange on 19 Jan 2026. The IPO was subscribed 144.91 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹17.5 (76.09%).Listing Details:
- Issue Price: ₹23 per share.
- Listing Price: ₹45.21 (approx. 96.57% gain)
- Listing Date: 19 Jan 2026
Bharat Coking Coal IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 19 Jan 2026 | ₹23 | ▲ ₹18 | ▲ 76.09% | ₹41 | ₹10,500 |
| 17 Jan 2026 | ₹23 | ₹13 | 57.83% | ₹36 | ₹7,980 |
| 16 Jan 2026 | ₹23 | ▲ ₹13 | ▲ 57.83% | ₹36 | ₹7,980 |
| 13 Jan 2026 | ₹23 | ▼ ₹10 | ▼ 43.48% | ₹33 | ₹6,000 |
| 12 Jan 2026 | ₹23 | ▲ ₹11 | ▲ 46.52% | ₹34 | ₹6,420 |
| 10 Jan 2026 | ₹23 | ▼ ₹10 | ▼ 44.78% | ₹33 | ₹6,180 |
| 09 Jan 2026 | ₹23 | ₹11 | 47.83% | ₹34 | ₹6,600 |
| 08 Jan 2026 | ₹23 | ▼ ₹11 | ▼ 47.83% | ₹34 | ₹6,600 |
| 07 Jan 2026 | ₹23 | ▼ ₹12 | ▼ 50% | ₹35 | ₹6,900 |
| 06 Jan 2026 | ₹23 | ▼ ₹13 | ▼ 56.52% | ₹36 | ₹7,800 |
| 05 Jan 2026 | ₹23 | ▲ ₹16 | ▲ 69.57% | ₹39 | ₹9,600 |
| 03 Jan 2026 | ₹23 | ▲ ₹10 | ▲ 43.48% | ₹33 | ₹6,000 |
| 02 Jan 2026 | ₹23 | ₹0 | 0% | ₹23 | ₹0 |
| 01 Jan 2026 | ₹23 | ₹0 | 0% | ₹23 | ₹0 |
Bharat Coking Coal IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Bharat Coking Coal fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Bharat Coking Coal IPO.
Bharat Coking Coal IPO Subscription Status
Bharat Coking Coal IPO was subscribed 144.91 times overall on the final day of bidding (as of 13 Jan 2026).The subscription opened on 09 Jan 2026. The Retail portion was subscribed 47.58 times, while QIB and NII categories were subscribed 307.18 times and 256.88 times respectively. The Employee category was subscribed 5 times, reflecting broad investor interest across segments.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 09 Jan 2026 | 0.3x | 16.4x | 9.29x | 0.83x | 8.1x |
| 12 Jan 2026 | 1.44x | 96.41x | 26.98x | 2.62x | 33.7x |
| 13 Jan 2026 | 307.18x | 256.88x | 47.58x | 5x | 144.91x |
The Bharat Coking Coal IPO opened with strong demand on Day-1, supported by active participation from NII and Retail investors.
On Day-2, subscription levels for the Bharat Coking Coal IPO rose sharply due to heavy bidding from NII, followed by Retail investors.
By the end of the bidding period, the IPO was subscribed 144.91x overall, reflecting strong demand from key investor categories, led by QIB, followed by NII and Retail investors. Overall subscription for the Bharat Coking Coal IPO increased from 8.1x on Day-1 to 144.91x by the final day.
Bharat Coking Coal IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 310.81x |
| Non-Institutional Investors (NII) | 257.95x |
| Retail Investors | 49.06x |
| Employee | 5.16x |
| Total | 146.69x |
Bharat Coking Coal IPO Allotment Status
The Bharat Coking Coal IPO allotment status was released on 14 Jan 2026. Investors who applied for the IPO can now check their Bharat Coking Coal allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 14 Jan 2026
- 📈 Listing Date: 19 Jan 2026
How to Check Bharat Coking Coal IPO Allotment Status Online?
Investors can check the Bharat Coking Coal IPO allotment status online through KFin Technologies Limited, NSE and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
KFin Technologies
to know more about the IPO registrar.
Check on KFin Technologies Limited (IPO Registrar)
- Visit → KFin Technologies Limited
- Select Bharat Coking Coal
- Enter Application No / Demat Account / PAN details
- Click Submit to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Bharat Coking Coal IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Bharat Coking Coal IPO allotment status.
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Bharat Coking Coal IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Bharat Coking Coal IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Bharat Coking Coal IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Bharat Coking Coal IPO Listing Analysis
Below is a quick summary of the Bharat Coking Coal IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹23 | ₹45 | ▲ 96.57% |
| Listed (NSE) | ₹23 | ₹45 | ▲ 95.65% |
Bharat Coking Coal debuted at ₹45.21, listing at a premium of +₹22 (+96.57%). The stock closed at ₹40.66, gaining -10.06%. Investors earned a profit of +₹10,596 per lot.
📌 IPO Issue Price and Lot Size
The IPO of Bharat Coking Coal was offered in the price band of ₹23 to ₹23 per share.
- The final issue price was fixed at ₹23.
- One lot consisted of 600 shares.
- Minimum investment: ₹23 × 600 = ₹13,800
- Investment after Day-1: ₹40.66 × 600 = ₹24,396
- By the end of the listing session, investors made a profit of +₹10,596 per lot.
📌 IPO Subscription Analysis
Backed by robust demand of 144.91× and institutional subscription of 307.18×, the IPO witnessed a bumper listing. The stock debuted at 96.57% and closed at 76.78%, highlighting exceptional investor confidence.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0.3x | 16.4x | 9.29x | 8.1x |
| Day 2 | 1.44x | 96.41x | 26.98x | 33.7x |
| Day 3 | 307.18x | 256.88x | 47.58x | 144.91x |
📌 Final Assessment
Overall Outcome: Outstanding IPO
- Subscription Phase: High investor participation
- Listing Phase: Bumper listing performance
- Investor Experience: Strong short-term gains for investors
About Bharat Coking Coal Limited
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal.
IPO Financial Summary
- Total Assets changed by 17.35% in FY 2024-2025.
- Total Revenue changed by -1.71% in FY 2024-2025.
- Profit After Tax changed by -20.73% in FY 2024-2025.
- Reserves & Surplus changed by 171.65% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 18,711.13 | 17,283.48 | 14,727.73 | 13,312.86 |
| Total Revenue (₹ Cr) | 6,311.51 | 14,401.63 | 14,652.53 | 13,018.57 |
| Profit After Tax (₹ Cr) | 123.88 | 1,240.19 | 1,564.46 | 664.78 |
| Reserves & Surplus (₹ Cr) | 1,006.52 | 1,805.73 | 664.72 | -853.10 |
| Total Borrowings (₹ Cr) | 1,559.13 | 0.00 | 0.00 | 0.00 |
Bharat Coking Coal Peer Comparison
The following table helps investors compare Bharat Coking Coal IPO with its listed peers based on important financial and valuation parameters as of March 28, 2025.
| # | Company Name | EPS (₹) | P/E (x) | NAV (₹) | P/BV (x) | RoNW (%) |
|---|---|---|---|---|---|---|
| 1 | Bharat Coking Coal Limited | 2.66 | - | 14.07 | - | 20.83 |
| 2 | Alpha Metallurgical Resources Inc | 1.00 | 14.87 | 11.00 | 1.63 | 11.48 |
| 3 | Warrior Met Coal, Inc | 410.12 | 19.44 | 3.00 | 2.33 | 12.82 |
Bharat Coking Coal IPO Promoter Holding
| Promoter(s) | The President of India, acting through the Ministry of Coal, Government of India and Coal India Limited |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | 90% |
Bharat Coking Coal IPO FAQs
The Bharat Coking Coal IPO is a Mainboard Bookbuilding IPO with a total issue size of ₹1,071.11 crore. The issue consists of an offer for sale of ₹1,071.11 crore.
The IPO will open for subscription on Fri, 09 Jan 2026 and will close on Tue, 13 Jan 2026.
The shares are being offered at a fixed issue price of ₹23 per equity share.
Investors can apply for the IPO with a minimum lot size of 600 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹13,800.
The shares of Bharat Coking Coal are expected to be listed on NSE & BSE on Mon, 19 Jan 2026.
The Grey Market Premium (GMP) of Bharat Coking Coal IPO is ₹17.5.
The expected listing price of Bharat Coking Coal IPO is around ₹41 based on current GMP. This indicates a potential return of approximately 76.09% , with an estimated profit of ₹10,500 per lot, subject to market conditions.
The Bharat Coking Coal IPO was subscribed 146.69 times on the final day of subscription.
The retail portion is subscribed 47.58 times as of 13 Jan 2026.
The QIB portion is subscribed 307.18 times and the NII portion is subscribed 256.88 times .
The IPO registrar of Bharat Coking Coal is KFin Technologies Limited. KFin is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Wed, 14 Jan 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Wed, 14 Jan 2026 on the registrar or exchange website.
Shares are expected to be credited by Thu, 15 Jan 2026.
Refunds for unsuccessful applicants will be initiated on Thu, 15 Jan 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Bharat Coking Coal IPO is listed on NSE (BHARATCOAL) and BSE (544678).
The current share price of Bharat Coking Coal Limited is ₹34.28. The stock opened at ₹34.64, hit a high of ₹34.86 and a low of ₹34.05.
Bharat Coking Coal Limited share price has decreased by ₹0.36 (1.04%) compared to the previous close. The stock has declined 24.18% from its listing price of ₹45.21 on BSE and declined 23.82% from its listing price of ₹45.00 on NSE.
Disclaimer: The content published on this website is for informational and educational purposes only and must not be treated as financial, trading or investment advice. Share Market related articles, IPO details, GMP values, subscription data, listing estimates, allotment status and related information reflect market sentiment and public data and may be inaccurate or outdated. Nothing on this website constitutes an offer or recommendation to buy or sell any securities. We are not SEBI registered financial advisors. Investors must consult a qualified SEBI registered financial advisor before making any investment decisions. Any investment made based on the information provided here is entirely at the reader’s own risk. The author and the team at TheFinancialTalks.com shall not be responsible or liable for any financial loss. Investors must conduct thorough due diligence and seek professional financial advice before making any investment decisions.