Bharat Coking Coal IPO Subscription Day 1: Check Subscription Status

Here, the Bharat Coking Coal IPO launched on 9th January 2026. Bidding for the issue will close today, 16th January 2026. The primary aim of the Bharat Coking Coal IPO is to raise ₹1,071.11 crores from the market. Also, the Bharat Coking Coal IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Bharat Coking Coal IPO subscription and details. 

Bharat Coking Coal IPO Details 

The price band for Riddhi Display Equipment’s IPO has been set at ₹21 to ₹23 per share, and a total of 46,57,00,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors. 

Bharat Coking Coal IPO Subscription Status

As of now, the Bharat Coking Coal IPO has been subscribed to 8.12 times. Of these, 9.34 times are subscribed by retail investors, 16.41 times by non-institutional investors, and 0.30 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Bharat Coking Coal’s IPO listing on 16th January 2026. Bharat Coking Coal also has a positive outlook behind the offer for sale of 46.57 crore shares, which will raise around Rs 1,071.11 crores.

Bharat Coking Coal IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Bharat Coking Coal IPO GMP for 9th January 2026. 

The grey market premium for this IPO has surged to 42.83% or Rs 9.85 per share. It indicates that the estimated listing price per share is Rs 32.85. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs. 

About Bharat Coking Coal Ltd.

Bharat Coking Coal Limited was established in 1972. Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal. The company is a wholly-owned subsidiary of Coal India Limited. As of September 30, 2025, the company operates a network of 34 operational mines, including four underground, 26 opencast, and four mixed mines. The company’s primary product is coking coal, catering to the steel and power industries. As of April 1, 2024, BCCL has an estimated coking coal reserve of approximately 7,910 million tonnes. In Fiscal 2025, BCCL accounted for 58.50% of the total domestic coking coal production in India. The company operates across Jharia, Jharkhand, and Raniganj, West Bengal, covering a total leasehold area of 288.31 square kilometres. The company’s operations include opencast and underground mining projects, coal washeries, monetisation of idle washeries through the Washery Developer and Operator (WDO) model, reopening of discontinued underground mines through the Mine Developer and Operator (MDO) model, and monetisation of solar power projects through self-consumption and grid injection. The company’s coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal.

Bharat Coking Coal Limited Financials

The company’s financial analysis is essential before applying for the Bharat Coking Coal IPO. Look at the table to learn about Bharat Coking Coal Limited’s financials. 

Explanation

Bharat Coking Coal Limited’s revenue decreased by 1.71% from ₹14,652.53 crores in March 2024 to ₹14,401.63 crores in March 2025. Moreover, the company’s PAT decreased by 20.72% from ₹1,564.46 crores in March 2024 to ₹1,240.19 crores in March 2025.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Bharat Coking Coal IPO.

Bharat Coking Coal IPO Listing Expectations

Bharat Coking Coal IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 44.57% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 33.25.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation. 

Bharat Coking Coal IPO Dates

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.

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