BCCL IPO Listing On Monday, January 19: Check What Latest GMP Suggest

BCCL IPO Sees Strong Demand from Investors

The Bharat Coking Coal (BCCL) IPO has generated significant investor interest, drawing attention from all market segments. The public issue attracted bids amounting to nearly Rs 1.17 lakh crore, highlighting the widespread confidence in the company.

• QIB Segment Leads Demand: The QIB (Qualified Institutional Buyers) segment led the demand, subscribed 310.81 times.
• NII Portion Sees High Bids: The NII (Non-Institutional Investors) portion saw bids 258.16 times.
• Retail Investors Show Enthusiasm: Retail investors were equally enthusiastic, with subscriptions closing at 49.33 times.
• Employee and Shareholder Categories Display Strong Interest: Employee and shareholder categories also displayed strong interest, registering 5.18 times and 87.29 times subscriptions, respectively.

Grey Market Premium Signals High Investor Appetite

Ahead of its official listing, the Bharat Coking Coal IPO is trading at a noticeable premium in the grey market. According to Investorgain, the IPO commands a GMP (Grey Market Premium) of Rs 13.2, signalling strong primary market demand.

The estimated listing price is projected at Rs 36.2, which is 57.39 per cent higher than the IPO’s upper price band of Rs 23. Grey market premiums often reflect investor sentiment and willingness to buy in the primary market.

IPO Details and Company Overview

The public issue, open from January 9 to January 13, comprised entirely an offer for sale of 46.57 crore shares by Coal India, the promoter. Retail investors could apply for lots of 600 shares, with a minimum investment of Rs 13,800 based on the upper price band.

BCCL is India’s largest coking coal producer, contributing around 58.5 per cent of domestic output in FY2025. Its operations span the Jharia coalfield in Jharkhand and Raniganj coalfield in West Bengal, producing multiple grades of coking coal along with non-coking and washed coal.

Incorporated in 1972, the Mini Ratna company is a wholly owned subsidiary of Coal India Limited, focusing on serving the steel and power industries.

About BCCL

BCCL is India’s largest coking coal producer, contributing around 58.5 per cent of domestic output in FY2025. Its operations span the Jharia coalfield in Jharkhand and Raniganj coalfield in West Bengal, producing multiple grades of coking coal along with non-coking and washed coal.

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