Bharat Coking Coal IPO

Coal / Mining - Listed on 19 January 2026

+95.7% listing gain
Issue Price (Upper)
Rs 23
Listing Price
Rs 45
Closing Price (NSE)
Rs 40.58
Total Subscription
146.79x

Bharat Coking Coal IPO listing summary

Bharat Coking Coal (Coal / Mining) closed its IPO window in 2026 and listed on NSE and BSE on 19 January 2026 at an upper band issue price of Rs 23, opening at Rs 45 for a listing gain of +95.7% and closing day one at Rs 40.58 (+76.4% on closing basis). The IPO was subscribed 146.79x overall - QIB 310.81x, HNI/NII 258.02x, Retail 49.24x. The total issue size was Rs 1,071.11 Cr (Fresh Issue Rs 0 Cr, OFS Rs 1071.11 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About Bharat Coking Coal

Coal / Mining

Bharat. Coking. Coal operates in coal mining and supplies coking coal used by the steel industry. Production, mine development, quality and government-linked demand shape the company’s performance. That places. Bharat. Coking. Coal in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. The business therefore sits within the broader. Indian market for this segment, where execution and customer relationships matter alongside demand. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company’s business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About Bharat Coking Coal IPO

Issue structure, listing outcome and context

The ₹1,071.11 crore. IPO was an offer for sale priced at ₹23. Shares listed strongly at ₹45, although the stock later gave back part of its opening gain. It was an offer for sale of ₹1071.11 crore, meaning the disclosed proceeds went to selling shareholders rather than into company operations. The stock listed at ₹45, a reported opening gain of 95.65%. The offer structure is important here because it shows whether the company itself received new capital or whether existing shareholders were selling their holdings. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company’s subsequent disclosures.

Listing day performance

Listing Gain (Open)
+95.65%
Listing Gain (Close)
+76.43%
Day Change After Listing
-19.22%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB310.81x
HNI / NII258.02x
Retail49.24x
Overall146.79x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 18.09x
Day 233.67x
Day 3 (Final)146.79x

Bharat Coking Coal IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 14+60.87%
Day 2Rs 13+56.52%
Day 3Rs 13+56.52%
Day 4Rs 12+52.17%
Day 5Rs 14+60.87%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
52.2%-60.9%
IPOGyani AI Prediction
88.5%
Actual Listing Gain
+95.7%

Prediction Accuracy: 7.2 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 1,071.11 Cr
Fresh IssueRs 0 Cr
OFSRs 1,071.11 Cr
IPO PE43.40
Peer / Sector PE17.85
PE vs Sector Ratio2.43
Latest EBITDA (Cr)16.36
Debt / Equity200.00

Market context at listing

How the broader market moved around the Bharat Coking Coal IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.57%
Nifty 1W Return-0.38%
Nifty 1M Return-0.90%
Nifty during IPO window-1.13%

Bharat Coking Coal IPO - FAQs

What was the listing gain of Bharat Coking Coal IPO?

Bharat Coking Coal IPO listed at +95.7% versus the upper issue price of Rs 23 on 19 January 2026.

How many times was Bharat Coking Coal IPO subscribed?

Bharat Coking Coal IPO was subscribed 146.79x overall. QIB portion was subscribed 310.81x, HNI / NII 258.02x and Retail 49.24x.

What was the IPO GMP for Bharat Coking Coal?

IPO GMP started at Rs 14 on Day 1 and moved to Rs 14 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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