The initial public offering of Bharat Coking Coal Limited has so far received a good response from investors and has been subscribed 13.19 times, driven by strong demand from retail, non-institutional and existing shareholder investor categories. The issue received bids for 4,57,73,31,600 equity shares against the offer size of 34,69,46,500 shares, according to data available on the stock exchanges.
The retail investors' portion was subscribed 13.23 times, while the non-institutional investors' segment saw subscription of 32.08 times. The shareholder-reserved portion was booked 16.86 times and the employee portion 0.83 times. The qualified institutional buyers' category was subscribed 0.34 times.
Bharat Coking Coal IPO subscription dates
The Rs 1,071-crore initial public offering (IPO) opened for subscription on Friday, and it will conclude on January 13.
Bharat Coking Coal IPO price band
The price band for Bharat Coking Coal IPO has been fixed at Rs 21 to Rs 23 per share. At the higher end, the company is valued at over Rs 10,700 crore.
How does the company plan to use the proceeds?
Proceeds from the IPO amounting to Rs 1071 crore at the upper price band of Rs 23, will go to Coal India.
The IPO is entirely an offer for sale by Coal India, which currently holds a 100 per cent stake in Bharat Coking Coal.
Bharat Coking Coal IPO GMP Today
According to Investorgain, Bharat Coking Coal's unlisted shares are trading at a grey market premium (GMP) of Rs 10.6. Considering the upper price band of Rs 23, the company's shares are expected to list at around Rs 33.6, reflecting a grey market premium of 46.09 per cent.
The company was incorporated in 1972 to mine and supply coking coal concentrated in mines located at Jharia, Jharkhand and Raniganj, West Bengal coalfields. The company operates a network of 34 operational mines, including 4 underground mines, 26 opencast mines, and 4 mixed mines as of September 30, 2025.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
