Bharat Coking Coal IPO GMP Live Updates: Bharat Coking Coal Limited (BCCL), a Coal India subsidiary, hit the primary market with a book-building initial public offering worth Rs 1,071.11 crore on Friday, January 9. The issue, which is entirely an offer for sale, will see 46.57 crore equity shares being offloaded, with no fresh capital being raised by the company.
The IPO closed its subscription on January 13, 2026. Shares are expected to be allotted on January 14, while the tentative listing on the BSE and NSE is scheduled for January 16, 2026.
Issue Structure, Price Band And Investment Details
The Bharat Coking Coal IPO has been priced in a band of Rs 21 to Rs 23 per share, with a face value of Rs 10 per share. The final issue price has been fixed at Rs 23. The minimum application size for retail investors is 600 shares, translating into an investment of Rs 13,800 at the upper price band.
For non-institutional investors, the minimum investment under the sNII category is 9,000 shares (15 lots), amounting to Rs 2.07 lakh, while bNII investors must apply for at least 43,800 shares (73 lots), requiring Rs 10.07 lakh. Employees are eligible for a reservation of 2.32 crore shares, offered at a Rs 1 discount to the issue price.
IPO Timeline And Lead Managers
The IPO follows a standard timeline, with refunds and share credit expected on January 15, 2026. The pre-IPO market capitalisation of Bharat Coking Coal stands at approximately Rs 10,711 crore. IDBI Capital Markets Services Ltd. is acting as the book-running lead manager, while Kfin Technologies Ltd. has been appointed as the registrar.
About Bharat Coking Coal Limited
Founded in 1972, Bharat Coking Coal Limited is a wholly owned subsidiary of Coal India and plays a critical role in India’s steel and power supply chain. The company operates 34 mines across underground, opencast and mixed categories. With estimated coking coal reserves of nearly 7,910 million tonnes, BCCL contributed 58.5 per cent of India’s domestic coking coal production in FY25, underlining its strategic importance to the sector.
