BCCL IPO 2026: Everything You Need to Know About the ₹1,071 Crore Public Issue

09, January 2026. By -Kaushik

The first major mainboard IPO of 2026 is here, and it’s a big one. Bharat Coking Coal Limited (BCCL), a key subsidiary of the state-run giant Coal India, has officially hit the primary market. For investors and bloggers, this is a significant event as it sets the tone for the 2026 IPO season.

Bharat Coking Coal Limited (BCCL), a Mini Ratna PSU, is the leading producer of coking coal in India.

IPO Details

Price Band and Investment Size
​BCCL has priced the issue attractively to encourage retail participation:
​Price Band: ₹21 to ₹23 per equity share.
​Lot Size: 600 shares per lot.
​Minimum Investment (Retail): ₹13,800 for one lot.
​Reservation Policy: 35% of the net offer is reserved for retail investors, 15% for Non-Institutional Investors (NIIs), and 50% for Qualified Institutional Buyers (QIBs). There is also a dedicated quota for existing Coal India shareholders (as of Jan 1, 2026).

Financial Highlights & Grey Market Premium (GMP)
​Subscription Status: On Day 1 (Jan 9), the IPO was fully booked within 30 minutes. By the end of the day, it was subscribed over 8 times, with the NII segment leading at a massive 16.4x.
​Grey Market Premium (GMP): As of today, the BCCL IPO GMP is hovering around ₹10 – ₹12, indicating a potential listing gain of 45% to 50% over the upper price band.
​The Issue Structure: This is a 100% Offer for Sale (OFS) of 46.57 crore shares. This means the company will not receive any fresh capital; the proceeds will go directly to Coal India Limited.

Disclaimer :

This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred.