• Source:JND

GMP: The grey market premium (GMP) of Bharat Coking Coal IPO has remained high as Coal India's arm firm's initial public offering is getting an overwhelming response from investors, getting over 1,100 times bid against the total offered shares.

BCCL IPO Subscription Status Day 2

The Rs 10,71 crore IPO of Bharat Coking Coal Limited (BCCL) has been subscribed 11.37 times till 10:09 AM, on the second day of bidding, i.e. January 12. The share sale was fully subscribed within the first hour of opening on January 9. The IPO, which is the first main board share sale of 2026, is expected to attract more investors before it closes on January 13.

Total Bid - 11.37 times

Shareholders' quota - 14.30 times

Employees category - 1.03 times

Retail Individual Investors - 11.60 times

Non Institutional Investors - 27.34 times '

Qualified Institutional Buyers - 0.32 times

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BCCL IPO GMP

BCCL's shares are trading at Rs 10.07 rupees or 46.52 per cent premium at Rs 33.7 per share as compared to the upper end of the price band (Rs 23).

If the GMP gains hold, then the investors may get a massive 46 per cent profit on the listing day itself. 

Anchor Investors

Earlier, on January 8, the Rs 10,71.11 crore IPO of BCCL got an overwhelming response from the anchor investors as well. The Bharat Coking Coal managed to raise Rs 273.13 crore by allotting 11.87 crore equity shares to as many as 15 anchor investors at the upper end of its price band (Rs 23 per share).

Life Insurance Corporation of India, Nippon Life India Mutual Fund, Bandhan Mutual Fund, UTI Mutual Fund, Citrine Fund and others were among the top bidders.

Bharat Coking Coal IPO Details

BCCL Issue Size: The company aims to raise Rs 1,071.11 crore through the IPO, which is entirely an offer for sale of 46.57 crore equity shares by Coal India.

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Bharat Coking Coal IPO Price Band- The price band for the IPO has been fixed at Rs 21-23 per share.

Listing Date: The company shares are scheduled to list on the stock exchanges on January 16.

 


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