Dream market debut for Bharat Coking Coal: BCCL shares list with 96.5% gain
The shares of Coal India arm Bharat Coking Coal Ltd had a dream debut for on Monday. The BCCL shares made a remarkable stock market debut, listing with a premium of 96.5 per cent, against the issue price of Rs 23.
New Delhi: The shares of Bharat Coking Coal Limited (BCCL) stock made a dream debut on the stock market on Monday. On NSE, the BCCL shares made debut at Rs 45 rupees apiece, thus listing with a gain of 95.65 percent. The PSU company had set a price band of Rs 21 to 23 per share for its IPO.
Bharat Coking Coal IPO opened for subscription on January 9 and closed on Tuesday, January 13. According to BSE data, the total subscription rate was 143 times on the last day of IPO. The public offer received a massive subscription.
The minimum lot size in the BCCL IPO was 600 shares, and investors received a return of about Rs 13,200 rupees on each lot on the day of listing.
BCCL IPO Subscription details
Bharat Coking Coal IPO received an overwhelming response from investors. The public issue was subscribed a total of 143.85 times. Talking about category-wise subscriptions, the issue got 49.37 times the subscription in the category of retail investors. At the same time, qualified institutional buyers (excluding QIB — anchor investors) subscribed 310.81 times. Apart from this, the issue received 240.49 times the subscription in the Non-Institutional Investors (NII) category.
BCCL IPO GMP indicated strong listing
According to Investorgain, BCCL IPO GMP indicated that shares would list with Rs 13.1 premium. If based on the price band of Rs 23, the estimated listing of Bharat Coking Coal shares could have been 36.1 rupees. The potential listing gain per share was estimated to be around 56.96 percent.
About BCCL
Bharat Coking Coal Limited (BCCL) is a wholly-owned subsidiary of Coal India Limited. It is mainly active in the mining and production of coking coal, as well as non-coking coal and washed coal. As of 31st March 2025, the company has a total of 32 mines, which include 25 opencast mines and 3 underground mines.