Bharat Coking Coal IPO Fully Subscribed in 25 Minutes; Retail Investors Rush, GMP Hints 40% Profit

• Bharat Coking Coal's Rs 1,071.11 crore IPO was fully subscribed within 25 minutes on its opening day, January 9, 2026.
• The IPO saw strong participation, with retail investors subscribing 4.58 times and non-institutional investors 5.46 times by 12:45 PM.
• The price band for the Offer For Sale (OFS) is Rs 21 to Rs 23 per share, with promoter Coal India selling 46.57 crore equity shares.
• Anchor investors, including LIC, Nippon Life India Mutual Fund, and Bandhan Mutual Fund, invested Rs 273.13 crore a day prior.
• Market experts view the IPO as a strategic move by Coal India to unlock subsidiary value, potentially generating over one lakh crore rupees by FY2030.

Why It Matters: Bharat Coking Coal's IPO saw overwhelming demand, fully subscribing in 25 minutes, with GMP indicating a 40% profit.