BCCL IPO: Know GMP, subscription status on Day 1
The initial public offering (IPO) of coal production company Bharat Coking Coal Limited (BCCL) opened for subscription on Friday, January 9th. The IPO will close on Tuesday, January 13th. BCCL’s IPO received overwhelming support from investors on its first day. According to NSE data, the IPO was subscribed 8.08 times on its first day. It is believed that the subscription rate may increase significantly by Tuesday. This is the first IPO of 2026, and investors are investing heavily.
BCCL Sets a Price Band of ₹21-23
BCCL, a subsidiary of state-owned coal company Coal India, has set a price band of ₹21-23 for each share with a face value of ₹10 for its IPO. At this price range, investors will receive 600 shares per lot and will need to invest a minimum of ₹13,800. BCCL is raising a total of ₹1,071 crore through its IPO, through the issuance of 465.7 million shares. This IPO is entirely OFS-based and will not include any new shares. The company’s parent company, Coal India, will sell its stake through this IPO.
IPO to be listed on the stock exchanges on January 16
BCCL’s pre-IPO market cap is estimated at ₹10,711.10 crore. After the IPO closes on January 13, allotment of shares will take place on January 14, and shares will be credited to demat accounts on January 15. Finally, on Friday, January 16, the state-owned coal company will be listed on the country’s major exchanges, BSE and NSE. Due to the overwhelming support from investors, the grey market is also witnessing considerable activity regarding BCCL’s IPO. BCCL shares are trading with a GMP of Rs 10 (43.48%) on Saturday, January 10. However, there is still a lot of volatility ahead.
