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Explore how Bharat Coking Coal Ltd’s IPO performed during its subscription period, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI. The IPO offers investors an opportunity to be part of India’s key coal mining sector, with detailed insights on how to participate and track its performance.
The Bharat Coking Coal Ltd. (BCCL) IPO opened on January 9, 2026, marking the company’s entry into the public markets. As one of the prominent players in India’s coal mining sector, Bharat Coking Coal Ltd. aims to leverage its expertise and established operations to raise funds through this offering. The company has received early applications from investors, including those participating in the resource sector in India.
The issue is valued at ₹1071.11 crore, and it is an Offer for Sale (OFS) issue, offering equity shares in the price range of ₹21 to ₹23 per share.
On the first day of bidding, the BCCL IPO received moderate investor interest, with significant participation from retail investors. The offering also saw cautious bidding from Non-Institutional Investors (NIIs), while Qualified Institutional Buyers (QIBs) remained passive.
The total subscription on Day 1 was 5.70×, indicating steady early-stage interest.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.24× |
Retail Individual Investors (RII) |
6.99× |
Non-Institutional Investors (NII) |
10.72× |
Others |
7.08× |
Total |
5.70× |
The response from retail investors has been positive, but the overall participation remains modest. The upcoming days will be important for the IPO’s performance, especially as institutional participation increases.
On the second day of bidding, the Bharat Coking Coal Ltd. IPO witnessed a sharp surge in investor demand, with the issue being subscribed 28.22× overall. The strong momentum was driven primarily by non-institutional and retail investors, while institutional participation remained comparatively limited.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.62× |
Retail Individual Investors (RII) |
23.85× |
Non-Institutional Investors (NII) |
78.29× |
Others |
37.37× |
Total |
28.22× |
The overwhelming response from non-institutional investors highlights aggressive high-value bidding, while retail participation remained exceptionally strong. Institutional interest is expected to improve in the remaining days of the issue.
On the third day of bidding, the Bharat Coking Coal Ltd. IPO saw a significant uptick in subscription. The IPO was subscribed 110.32× overall. Qualified Institutional Buyers (QIBs) continued to show steady participation, while Retail Individual Investors (RII) and Non-Institutional Investors (NII) demonstrated strong interest.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
171.07× |
Retail Individual Investors (RII) |
45.47× |
Non-Institutional Investors (NII) |
244.53× |
Others |
81.71× |
Total |
110.32× |
The subscription status highlights robust participation from both retail and non-institutional investors, with the non-institutional category particularly showing a dominant response.
The price band for the Bharat Coking Coal Ltd. IPO is set between ₹21 and ₹23 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 1 lot (600 shares) and in multiples of 600 shares thereafter. At the upper price limit, one lot amounts to an investment of ₹13,800, which makes it accessible to both retail and non-institutional investors.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
600 |
₹13,800 |
S-HNI (Min) |
2 |
1,200 |
₹27,600 |
B-HNI (Min) |
10 |
6,000 |
₹1,38,000 |
This pricing structure allows retail investors and small to medium-sized investors to participate in the coal sector.
For detailed insights about the company, issue particulars, and the latest updates, visit the Bharat Coking Coal IPO on Bajaj Markets.
The timeline for the BCCL IPO highlights important dates from the opening of the issue to the listing of shares:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
January 9, 2026 |
Issue opens for subscription |
IPO Close Date |
January 13, 2026 |
Final day to submit bids |
Basis of Allotment |
January 14, 2026 |
Finalisation of share allotment |
Refunds Initiation |
January 15, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
January 15, 2026 |
Shares credited to successful applicants |
Listing Date |
January 16, 2026 |
Shares to debut on NSE/BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the BCCL IPO using two main methods: through the ASBA (Application Supported by Blocked Amount) facility via banks or using UPI on broker platforms.
ASBA is a secure and convenient way for investors to apply for the BCCL IPO, with the application amount blocked in the investor’s account until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select Bharat Coking Coal Ltd. IPO from the list of available IPOs.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The application amount will remain blocked until allotment.
Once shares are allotted, the amount will be debited, and shares will be credited to your Demat account.
You can also apply for Bharat Coking Coal Ltd. IPO using UPI through your stockbroker’s or financial marketplace’s platform.
Log in to your trading account or Demat account on the broker's platform.
Navigate to the IPO section and select Bharat Coking Coal Ltd. IPO.
Enter the application details, including the number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
The funds will be debited only if shares are allotted.
Once allotted, the shares will be credited to your Demat account.
You can also check other Upcoming Ipo’s here: Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on 19 Dec
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