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New Delhi: The (Initial Public Offer) IPO of Bharat Coking Coal, a subsidiary of Coal India, opened for public subscription on 9 January 2026. Coal India is selling its 10 percent stake through this IPO. This will give the company a direct cash benefit. After a long time, the IPO of a big subsidiary is coming.
Coal India owns 100 percent stake in BCCL. The company is selling 10 percent stake in the IPO. That means about 46.57 crore shares are being launched in the market. At the upper price band of Rs 23, the value of this stake is around Rs 1,071 crore. Out of this, Coal India will get a direct profit of more than Rs 600 million. This is believed to be about 2.3 times the return on investment.
According to a news report, BCCL chairman and managing director Manoj Kumar Agarwal stated that the company has launched the public offer with an aim to uncover the company's true value. He divulged that BCCL will not restrict itself to the coal sector, but will also enter new sectors such as rare earth metals and solar power.
The grey market premium of BCCL IPO remains strong. Shares are trading at a premium of about 46 percent from the issue price. The share price in the grey market is said to be around Rs 33.6. If the listing remains strong, then the value of the remaining 90 percent stake of Coal India will increase further. This will also increase the overall market value of the company.
Bharat Coking Coal IPO has received tremendous response from investors on the very first day. So far, this IPO has been subscribed 8.18 times in total. NII category has been subscribed 16.45 times. Retail investors also showed strong participation and their share was subscribed 9.45 times.
Including X anchor investors in the QIB category, the subscription was still weak and it reached only 0.30 times. The share of anchor investors had already been fully subscribed. The reserve share for employees was subscribed 0.85 times and the shareholders' quota was 10.95 times.
The BCCL opened on 9 January and will close on 13 January. The share allotment is likely to take place on January 14. The company's shares can be listed on the stock market on January 16. This IPO is a complete offer for sale. That means the company will not have new capital. But Coal India will get direct cash benefits.
Bharat Coking Coal is the country's largest coking coal production company. Its contribution to domestic production was around 58.5 per cent in FY25. The company works in Jharia and Raniganj coalfields. It has 34 mines and 5 washeries. It is an important company for the steel and power sector. Due to strong business, BCCL's IPO is getting tremendous response from investors.
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
