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BCCL IPO Opens on January 9, 2026
The Bharat Coking Coal Limited (BCCL) IPO — the first mainboard public issue of 2026 — officially opened for bidding on January 9, 2026, and will close on January 13, 2026.
🧾 Price Band & Lot Details
- Price Band: ₹21 to ₹23 per share.
- Lot Size: 600 shares per lot.
- Minimum Retail Investment: ~₹13,800 at the upper price band.
- The IPO is structured as a 100% Offer For Sale (OFS) by Coal India, meaning no fresh funds go to BCCL — the entire issue is selling existing shares.
- Total Issue Size: ~₹1,071 crore, of up to 46.57 crore equity shares.
📅 Key Dates & Listing
- Subscription Open: Jan 9–13, 2026.
- Basis of Allotment: Around January 14, 2026.
- Refunds/ASBA Unblocking: From January 15.
- Tentative Listing Date: January 16–January 17 on BSE & NSE.
📊 Grey Market Premium (GMP) Signals Investor Interest
In the grey market — an unofficial trading indicator before official listing — BCCL IPO has shown strong premiums, suggesting a possible significant listing gain if trends hold:
- Reports indicate a GMP of around ₹11.5, implying a listing estimate of ~₹34.5 per share, which would be near a 50% premium over the ₹23 upper price band.
- Other tracker data show GMP trending high (30%-50%+ range), underscoring strong investor buzz ahead of listing.
Note: Grey Market Premium is an unofficial sentiment metric and isn’t guaranteed — it can change before actual listing. It’s useful as an early signal but not a binding price.
📌 Subscription Activity & Market Response
Early subscription figures suggest healthy investor demand, with the IPO reportedly subscribed multiple times within the first hours of opening, particularly among retail and non-institutional investors.
🤝 Anchor Investors
Ahead of the public issue, anchor investors — including LIC and Societe Generale — collectively took up a portion of the shares at ₹23 each, raising ₹273+ crore, signaling institutional interest ahead of the retail window.
Bottom Line: The BCCL IPO — priced at ₹21-23, backed by strong GMP indicators and early subscription enthusiasm — is drawing significant investor focus as a marquee PSU share sale to start 2026. Investors should still consider overall market sentiment, allotment probabilities, and IPO risk factors before applying.