Bharat Coking Coal's Rs 1,071 Crore IPO Oversubscribed On Day 1 - Latest GMP & Key Details

Bharat Coking Coal's, a Coal India unit, Rs 1,071.11 crore IPO, the first Indian mainboard public listing of 2026, was oversubscribed nearly five times as of 1:20 pm on Friday, January 9. 

The firm's parent state-owned Coal India is offloading a 10% stake in the IPO.

India was the world's second-largest primary equity issuance market in 2025, with firms raising $21.8 billion through 367 deals in 2025, data compiled by LSEG showed.

The company set a price band of Rs 21 to Rs 23 per share and is seeking a valuation of up to $1.19 billion at the upper end of the range. 

Bharat Coking Coal IPO Latest GMP 

As of 1:53 pm on Friday, January 9, the Bharat Coking Coal IPO GMP stood at Rs 9.4, indicating a percentage gain/loss per share is 40.87%.

Bharat Coking Coal IPO Opening & Closing Date

The bidding open on January 9, 2026 and closes on January 13, 2026 with the basis of allotment expected to be finalised on or around January 14, 2026.

Bharat Coking Coal IPO: Day 1 Subscription Status 

As last seen on Friday, January 9, 2025, the Bharat Coking Coal IPO was over booked by 6.03 times. 

1. Qualified Institutional Buyers (QIBs) portion was over subscribed 0.25 times. 
2. Non-Institutional Investors (NIIs) portion got booked 11.40 times. 
3. Small NII (SNII- Bid below ₹10L) was subscribed 13.60 times. 
4. Big NII (BNII- Bid above ₹10L) was received strong investor focus, getting 10.30 times subscribed. 
5. Retail Individual Investor was over subscribed 7.35 times. 
6. Employees quota was subscribed 0.67 times. 
7. Shareholders and Other quota received 7.74 times subscription. 

About Bharat Coking Coal Ltd

Bharat Coking Coal Limited (BCCL), a wholly owned subsidiary of Coal India Limited, is mainly involved in mining and producing coking coal, along with non-coking coal and washed coal.

Coking coal is the company’s principal output and is mainly supplied to the steel and power sectors. As of April 1, 2024, BCCL’s estimated coking coal reserves stood at about 7,910 million tonnes. In 2025, the company contributed nearly 58.50% of India’s total domestic coking coal production.