Bharat Coking Coal IPO: GMP, Date, Review & Other Details
The BCCL IPO (Bharat Coking Coal IPO) is among the most debated public issues in early 2026. The investors are keenly observing this IPO due to its high presence in the sector, good GMP, and legacy supported by the government.
Somya
January 11, 2026
Updated 10:17 pm
This paper gives the explanation of Bharat Coking Coal IPO in simple and easy words including; GMP, dates, price band, lot size, listing details, and a balanced review.
What Is Bharat Coking Coal Limited (BCCL)?
Bharat coking coal Limited (BCCL) is a government enterprise and a subsidiary of coal India limited. It primarily specializes in the production of coking coal that is a necessary raw material in the steel manufacturing industry.
BCCL plays a key role in:
Distribution of coal in steel plants
Infrastructure and industrial development
Enhancing the ecosystem in India in terms of energy and steel
Bharat Coking Coal IPO Overview
Bharat Coking Coal IPO is a book-built issue of value ₹1,071.11 crore.
Key Highlights
Issue Size: ₹1,071.11 crore
Type: 100% Offer for Sale (OFS)
Total Shares Offered: 46.57 crore equity shares
Face Value: As per issue norms
As the IPO will be entirely offer-to-sale, the company will not get new funds. The proceeds will be obtained by the selling shareholder.
Bharat Coking Coal IPO Important Dates
The following are the important dates that the investors are to remember:
IPO Opens: January 9, 2026
IPO Closes: January 13, 2026
Allotment Date: January 14, 2026 (expected)
Refunds Initiation: January 15, 2026
Listing Date: January 16, 2026 (tentative)
Stock Exchange: BSE and NSE
The dates will be important in planning the applications and monitoring the allotment status.
BCCL IPO Price Band & Lot Size
Price Band
Lower Band: ₹21 per share
Upper Band: ₹23 per share
Lot Size Details
Lot Size: 600 shares
Minimum Investment (Retail)
1 lot (600 shares)
Amount: ₹13,800 (at upper price band)
NII Investment
sNII:
15 lots (9,000 shares)
Investment: ₹2,07,000
bNII:
73 lots (43,800 shares)
Investment: ₹10,07,400
This is a structure that renders the BCCL IPO available to both retail and high-net-worth investors.
Bharat Coking Coal IPO GMP (Grey Market Premium)
Bharat Coking Coal IPO GMP shows that it has a good market interest.
Last GMP: ₹9.25
Last Updated: January 9, 2026 at 08:53 AM
Upper Price Band: ₹23
Estimated Listing Price
₹23 + ₹9.25 = ₹32.25 per share
Expected Listing Gain
Approximate gain: 40.22% per share
Note: GMP is not official and may vary on a daily basis. Investment decisions should not solely be based on it.
BCCL IPO Review (Simple & Balanced)
Positive Factors
Good government-sponsored PSU
Supplier of steel industry
Attractive GMP trend
Reasonable price band
Long-term investors are likely to be high demand
Risk Factors
Entire issue is Offer for Sale
Reliance on the coal sector policies
Environmental and regulatory forces
Changes of prices of commodities
Overall IPO Review
The Bharat Coking Coal IPO appears appealing on a listing gain front and can be appealing to long-term PSU specific investors as long as they are aware of industry related risks.
Who Should Consider Applying for BCCL IPO?
Short term listing gains by retail investors
PSU stocks are interested in long-term investors
Investors of intermediate risk aversion
Individuals monitoring coal and steel industry
Always match IPO investment and personal financial goals.
Bharat Coking Coal IPO Listing Details
Exchanges: BSE & NSE
Tentative Listing Date: January 16, 2026
Good GMP implies good listing mood though the market will determine the performance.
Things to Remember Before Applying
IPO markets can shift very fast
GMP is not guaranteed profit
OFS implies that the company does not have new capital
Read the Red Herring Prospectus (RHP) carefully
Informed decision making is an important factor in IPO accomplishments.
Conclusion
The BCCL IPO has a combination of good PSU reputation, fair price, and a good grey market. It has an anticipated listing profit of more than 40% and this has won the attention of investors. It is risky, however, as all IPOs. Before applying, investors need to compare their objectives, their risk tolerance, and the market circumstances.
Q1. What is the issue size of Bharat Coking Coal IPO?
Ans. The IPO size is ₹1,071.11 crore, comprising a 100% of an Offer of Sale.
Q2. What is the GMP of the BCCL IPO today?
Ans. The reported GMP is ₹9.25 last reported on January 9, 2026.
Q3. What is the minimum investment required for retail investors?
Ans. In order to purchase 600 shares per lot, the minimum amount required by retail investors is ₹13,800.
Q4. When will Bharat Coking Coal IPO list on stock exchanges?
Ans. It is scheduled to be tentatively listed on BSE and NSE on January 16, 2026.
Q5. Is Bharat Coking Coal IPO good for long-term investment?
Ans. It can be appropriate to long-term investors who may be interested in the PSU and coal sector stock, however, the sector risks are to be taken into account.