Bharat Coking Coal IPO price band out, GMP points to 50% listing gains

Bharat Coking Coal Limited's IPO is a book-built issue worth Rs 1,071.11 crore. It consists entirely of an offer for sale of 46.57 crore shares, with no fresh issue component. The GMP suggests potential 50% gains on listing.

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, has launched its mainboard IPO, marking the first such offering in 2026. The issue is valued at Rs 1,071.11 crore and comprises an offer for sale of 46.57 crore shares, with no fresh issuance.

The price band has been announced, and the grey market premium (GMP) indicates potential listing gains of up to 50%. This IPO is drawing interest from investors, particularly in the coking coal sector.

BCCL plays a key role in coking coal production. The offering may also appeal to Coal India shareholders. Listing date and further details are expected soon.

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Realistic depiction of CMPDIL coal mine operations with executives announcing a ₹1,842 crore offer for sale, overlaid with stock growth charts and hints of green energy shifts.
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CMPDIL plans ₹1,842 crore offer for sale

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Central Mine Planning & Design Institute (CMPDIL), a Miniratna PSU, aims to raise ₹1,842 crore through an offer for sale. The firm has recorded strong financial growth, supported by consistent coal demand and growing exploration prospects. Risks arise from heavy reliance on government revenue and possible policy moves toward green energy.

Bharat Coking Coal Limited's IPO is set to open soon, with a price band of Rs 21 to Rs 23 per share. The lot size is 600 shares, requiring retail investors to invest at least Rs 13,800 for one lot. This marks the first mainboard IPO of 2026 for the Coal India subsidiary.

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The allotment status for the BCCL IPO is now available, allowing investors to check if they received shares in the first mainboard IPO of 2026, which experienced massive demand during the subscription period.

Shares of State Bank of India rose 3% following the filing of draft IPO papers by its subsidiary, SBI Funds Management, with Sebi. The IPO is structured as a pure offer for sale of 20.37 crore shares. Proceeds from the sale will benefit selling shareholders, including SBI and Amundi India Holding.

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Digital asset provider BitGo priced its US IPO above the expected range, raising $213 million at a $2.2 billion market cap. The company, which offers custody, lending, and infrastructure for institutional clients, saw shares open with a 25% gain before falling 19% below the offer price by week's end. This performance contrasts with a strong debut for equipment rental firm EquipmentShare.

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