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Bharat Coking Coal Limited (BCCL) IPO: Price Band, GMP, Dates & Full Details
The Indian IPO market is witnessing strong momentum, and Bharat Coking Coal Limited (BCCL) IPO is one of the most talked-about upcoming public issues. Backed by Coal India Limited, this PSU IPO has attracted massive attention from retail and institutional investors due to its strategic importance and attractive valuation.
This article provides a complete, SEO-friendly and easy-to-understand overview of the BCCL IPO, including price band, GMP, issue structure, dates, and investor analysis.
🔍 About Bharat Coking Coal Limited (BCCL)
Bharat Coking Coal Limited is a Government of India enterprise and a wholly owned subsidiary of Coal India Limited. The company is primarily engaged in the mining and supply of coking coal, which is a crucial raw material used in steel manufacturing.
BCCL operates major coal mines in Jharkhand and West Bengal, including the famous Jharia coalfield, making it one of the most important companies in India’s industrial ecosystem.
📅 Bharat Coking Coal Limited (BCCL) IPO Important Dates (Expected)
| Event | Date |
|---|---|
| IPO Opening Date | January 2026 |
| IPO Closing Date | January 2026 |
| Anchor Investor Date | One day before IPO |
| Allotment Date | Within 5 days of closing |
| Listing Date | January 2026 |
| Stock Exchanges | BSE & NSE |
(Dates may change as per official announcements)
💰 Bharat Coking Coal Limited (BCCL) IPO Price Band & Lot Size
| Particular | Details |
|---|---|
| Price Band | ₹21 – ₹23 per share |
| Face Value | ₹10 per share |
| Lot Size | 600 shares |
| Minimum Investment | ₹13,800 (at upper band) |
This pricing has been kept attractive to encourage strong participation from retail investors.
📦 Issue Size & Structure
- Total Issue Size: Approx. ₹1,070 crore
- Issue Type: Offer for Sale (OFS)
- Fresh Issue: ❌ No
- Selling Shareholder: Coal India Limited
👉 Since this is an OFS, the funds raised will go to the Government/Coal India and not directly to BCCL.
📊 BCCL IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) indicates how much investors are willing to pay above the IPO price in the unofficial market.
- Current GMP: ₹12 – ₹15 per share
- Expected Listing Price: ₹35 – ₹38
- Estimated Listing Gain: 55% – 70%
⚠️ GMP is unofficial and can change daily. It should be used only as a sentiment indicator.
👥 Investor Reservation
| Category | Reservation |
|---|---|
| QIB | 50% |
| NII | 15% |
| Retail Investors | 35% |
| Employee Quota | Available |
| Shareholder Quota | Available |
Employees and Coal India shareholders may receive discount benefits.
📈 Why Investors Are Interested in BCCL IPO
✔ Strong backing from Coal India Limited
✔ Monopoly-like position in coking coal supply
✔ High demand from steel and infrastructure sectors
✔ Attractive IPO valuation
✔ Positive GMP trend
✔ PSU disinvestment opportunity
⚠️ Risks to Consider
- Dependence on coal sector policies
- Environmental regulations
- No fresh capital infusion (OFS issue)
- Commodity price fluctuations
Long-term investors should evaluate fundamentals beyond listing gains.
🧠 Expert View
Market experts believe that the BCCL IPO is suitable for:
- Short-term investors looking for listing gains
- PSU-focused investors
- Investors bullish on steel and infrastructure growth
📌 BCCL IPO Quick Summary
| Feature | Details |
|---|---|
| Company | Bharat Coking Coal Limited |
| Sector | Mining / Coal |
| IPO Type | Mainboard PSU IPO |
| Price Band | ₹21 – ₹23 |
| GMP | ₹12–15 |
| Listing | BSE & NSE |
| Promoter | Government of India |
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