The allotment for the Bharat Coking Coal (BCCL) IPO has been finalized, marking a significant step for investors who participated in the offering. The IPO, which saw an overwhelming response with a subscription of 146.87 times, closed on January 13, 2026. Investors can now check their allotment status through the official websites of BSE, NSE, and KFin Technologies, the registrar for the IPO.
The IPO price was set at ₹23 per share, with a minimum lot size of 600 shares, requiring a minimum investment of ₹13,800 for retail investors. The strong subscription numbers were driven by significant interest from qualified institutional buyers (QIB) who booked 310.81 times their quota, non-institutional investors (NII) with 258.16 times subscription, and retail investors with 49.33 times subscription. Employee and shareholder quotas also witnessed robust demand, subscribed 5.18 and 87.29 times respectively.
The grey market premium (GMP) for Bharat Coking Coal shares has seen a notable surge, indicating strong listing gains. The GMP is currently around ₹13.4, suggesting a potential listing price of ₹36.4 per share, a premium of over 58% to the IPO price. It's important to note that the grey market premium is not regulated by stock exchanges or SEBI, and investors should conduct their own research before making investment decisions.
Originally scheduled for January 16, the listing date has been revised to January 19, 2026, and the shares will be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The delay is reportedly due to municipal corporation elections in Maharashtra. The company will initiate refunds on January 15, and the shares will be credited to the demat accounts of successful allottees on the same day. However, refunds are likely to be initiated on January 16 due to a settlement holiday on January 15.
The ₹1,071 crore IPO is entirely an offer for sale by its promoter, Coal India, meaning the proceeds will go to the Maharatna PSU. BCCL, the largest coking coal producer in India, accounts for 58.5% of the country's domestic output in FY25. The company possesses substantial coking coal reserves, estimated at 7.91 billion tonnes, and operates 34 mines. The IPO is expected to help the company realize the benefits of listing.
