Bharat Coking Coal IPO: State-owned firm raises ₹273.13 crore from anchor investors ahead of public issue — Details

Bharat Coking Coal IPO: State-owned coking coal miner Bharat Coking Coal Ltd (BCCL) completed its anchor book round on Thursday, 8 January 2026. The Coal India subsidiary raised 273.13 crore from the marquee investors ahead of its initial public offering (IPO), according to an exchange filing.

Bharat Coking Coal allocated a total of 11,87,53,500 or over 11.87 crore equity shares with a face value of ₹10 apiece, at an allocation price of ₹23 per share, the BSE filing data showed.

The state-owned company's filing also showed that Bharat Coking Coal Ltd allocated a total of 7,17,39,600 or 7.17 crore shares out of the anchor book round to three domestic mutual funds through 8 schemes.

Life Insurance Corporation of India (LIC), Bandhan Mutual Fund, Nippon India Mutual Fund, and Societe Generale were among other investment giants that invested in the IPO round.

LIC at 28.56%, Bandhan Mutual Fund at 27.46%, Nippon India Small Cap Fund at 14.92%, and Nippon India Power & Infra Fund at 12.54 were the top allocations for Bharat Coking Coal's public issue.

Bharat Coking Coal IPO latest GMP

As of Thursday, 8 Janaury 2026, the grey market premium (GMP) of the Bharat Coking Coal IPO stands at ₹11 per share. With the upper price band of the public issue at ₹23, the company shares are expected to be listed at ₹34 per share, marking a premium of 48%, according to IPO India data.

The grey market premium (GMP) is an investor's willingness to invest in a primary issue.

Bharat Coking Coal IPO details

Bharat Coking Coal Ltd is offering a book-built public issue comprising an entire offer-for-sale (OFS) component of 46.57 crore equity shares, as the firm aims to raise ₹1,071.11 crore from the Indian stock market.

The public issue is set to open for public bidding on Friday, 9 January 2026, and is scheduled to close on Tuesday, 13 January 2026. The company fixed the price band of the public issue in the range of ₹21-23 per share, with a lot size of 600 shares per lot.

IDBI Capital Markets Services and ICICI Securities were the book-running lead managers of the public issue, while KFin Technologies is the registrar to the offer.

Mint reported earlier that the shares of the company are expected to be allotted to the investors on 14 January 2026, while the shares are estimated to be listed on 16 January 2026.

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Disclaimer: This story is for educational purposes only. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.