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.