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New Delhi: The first mainboard IPO of the new year Bharat Coking Coal Limited (BCCL) is going to enter the market on January 9, 2026. BBCL IPO’s grey market premium i.e. GMP is indicating a good listing. However, its GMP has declined compared to the previous estimate. Meanwhile, brokerage firm SBI Securities has initiated its coverage on the upcoming public offer.
The Bharat Coking Coal IPO is a book-built issue worth a total of Rs 1,071.11 crore. This is a complete offer for sale, which includes 46.57 crore shares. This IPO will open on 9 January 2026 and will close on 13 January 2026. The allotment of shares is expected to be finalized on 14 January 2026, while its listing on BSE and NSE is expected on 16 January 2026.
According to Investorgain, the latest grey market premium of Bharat Coking Coal IPO was recorded at Rs 11 as of January 7, 2026 at 11.33 am. The shares of the PSU could list at Rs 34 against its price band of Rs 23. That is, it shows a possible listing gain of about 47.83%. Although GMP has dropped compared to the previous one, its grey market premium was Rs 16.25 on 4th January, which has now fallen to 11 rupees.
Who is managing the IPO?
The book running lead manager of this issue is IDBI Capital Markets Services Ltd, while Kfin Technologies Ltd is playing the role of registrar.
Brokerage firm SBI Securities has recommended subscribing to the IPO of Bharat Coking Coal Limited. Considering the company's strong position in India's total domestic coking coal production and its fundamentals, experts have expressed confidence in this.
Bharat Coking Coal Limited was established in 1972. It produces coking coal, non-coking coal and washed coal. It is a wholly-owned subsidiary of Coal India Limited. As of 30th September 2025, the company had 34 operational mines, which include underground, opencast and mixed mines. It mainly supplies coking coal to the steel industry, as well as coal for power generation.
As of 1 April 2024, the company had an estimated reserve of about 7,910 million tonnes of coking coal. The company's share in India's total domestic coking coal production stood at 58.50% in FY25, indicating its strong market position.
(Disclaimer: Information related to GMP has been given in this news. News9 has nothing to do with determining GMP. TV9 also alerts investors not to decide on investments based solely on GMP. Before investing, make sure to check the company's fundamentals and consult an expert. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver and crypto assets.)
