Bharat Coking Coal IPO Listing Date: The much-awaited initial public offering of Bharat Coking Coal Limited is set to make its stock market debut on January 19, 2026, with shares expected to list on both BSE and NSE. While the listing date remains tentative as of January 16, market participants are closely tracking the final confirmation after a blockbuster subscription response.
IPO Draws Massive Investor Interest
The ₹1,071 crore IPO, entirely structured as an offer for sale (OFS), closed on January 13, 2026, witnessing overwhelming demand across all investor categories. The issue was subscribed an eye-popping 143.85 times, underlining strong confidence in the coal major’s fundamentals and its strategic importance in India’s steel supply chain.
Institutional investors led the charge, with the Qualified Institutional Buyers (QIB) portion subscribed over 310 times, while Non-Institutional Investors (NII) bid 240 times their allocation. Retail participation was also robust at nearly 50 times, reflecting strong grassroots interest in the PSU listing. The employee quota saw steady participation as well.
Allotment and Refund Timeline
The basis of allotment was finalized on January 14, with shares credited to successful applicants’ demat accounts by January 15. Refunds for non-allottees were also initiated on the same day, ensuring a smooth post-issue process.
Ahead of the public issue, anchor investors infused confidence by committing ₹273 crore on January 8, picking up 11.87 crore shares at the upper end of the price band.
Pricing, Lot Size and Offer Structure
The IPO was priced in the range of ₹21 to ₹23 per share, with the final issue price fixed at ₹23. Investors were required to bid for a minimum lot of 600 shares, translating to an investment of ₹13,800. Eligible employees received a modest discount of ₹1 per share.
As a complete OFS, the IPO will not result in fresh capital inflow for the company. Instead, the proceeds will go to the selling shareholder, Coal India Limited, making this listing primarily aimed at unlocking value and enhancing market visibility.
Company Snapshot: Backbone of India’s Coking Coal Supply
Bharat Coking Coal Limited, a wholly owned subsidiary of Coal India, plays a critical role in India’s metallurgical coal ecosystem. The company operates 34 coal mines and accounts for nearly 58.5% of the country’s total coking coal output.
In FY25, BCCL produced 40.50 million tonnes of coal, reporting revenue of ₹14,402 crore and a profit after tax of ₹1,240 crore. Its strong operational scale and strategic relevance to steel manufacturers position it as a key PSU listing to watch in 2026.
What Investors Should Watch on Listing Day
Given the extraordinary subscription numbers, market participants will be keenly observing the listing price performance, grey market cues, and broader market sentiment on debut day. Any official confirmation on the final listing date from the exchanges could further set the tone.
References
- https://www.investorgain.com/ipo/bharat-coking-coal-ipo/1580
- https://www.moneycontrol.com/news/business/ipo/coal-india-subsidiary-bharat-coking-coal-to-launch-ipo-on-january-9-13755289.html
Yogesh Kolhe is a market and business news author with a focus on the automobile sector and gold and silver price movements, offering readers practical insights into industry and market trends.
