BCCL IPO Allotment Status Out Amid Listing Delay: GMP Signals 58% Gain – Check Now!

Bharat Coking Coal Limited (BCCL), India's largest coking coal producer, has finalized its highly anticipated IPO allotment after a staggering subscription of over 143 times, but the listing has been postponed due to Maharashtra local elections.

The Rs 1,071 crore IPO, a fresh issue of 46.57 crore shares at Rs 21-23 per share, opened on January 9, 2026, and closed on January 13, drawing bids worth around Rs 1.17 lakh crore. It saw massive demand across categories: Qualified Institutional Buyers subscribed 310.81 times, Non-Institutional Investors 258.16 times, and Retail Individual Investors 49.33 times, with overall subscription at 143.85-146.87 times.[1][3]

Allotment was completed on January 14, 2026. Investors can check status on Kfin Technologies website by selecting 'Bharat Coking Coal IPO', entering Application Number, Demat Account, or PAN, choosing ASBA/Non-ASBA, and submitting after captcha.[1]

Originally set for January 16 on BSE and NSE, listing is now postponed to January 19 due to trading holiday on January 15 for Maharashtra municipal polls. Shares will be credited and refunds initiated before the new listing date.[2][1][3]

Grey Market Premium (GMP) stands at Rs 13.4 as of January 14 morning, implying a listing price of Rs 36.4 – a potential 58% gain over the Rs 23 upper band. GMP reflects strong sentiment but is unofficial and volatile.[1][2][5]

BCCL, a Coal India subsidiary, holds 7.91 billion tonnes of reserves (over 20% of India's coking coal), vital for steel production. Production rose to 40.50 million tonnes in FY25 from 30.51 million in FY22, though H1 FY26 dipped to 15.75 million tonnes. Contingent liabilities stood at Rs 3,598.59 crore as of September 2025.[2][4]

With allotment out and GMP firm, eyes are on January 19 debut amid market conditions. Minimum lot: 600 shares (Rs 13,800).[3]