Bharat Coking Coal IPO Sees Strong GMP Surge Ahead of 2026 Launch, Premium Listing Expected

• Bharat Coking Coal Ltd. (BCCL), a Coal India subsidiary, is set to launch its first mainboard IPO in 2026, aiming to raise ₹1,071 crore by selling a 10% stake via OFS.
• The Grey Market Premium (GMP) for BCCL shares is currently around 50%, indicating significant investor enthusiasm and expectations of a strong premium listing.
• The IPO's price band is set at ₹21-₹23 per share, with retail investors required to apply for a minimum of 600 shares; reservations include 35% for retail and 10% for NIIs.
• The public offer will run for three days, from January 9 to January 13, with shares expected to list on January 16; a special quota is reserved for eligible Coal India shareholders.
• BCCL is India's largest coking coal producer, contributing 58.5% of domestic production, primarily operating in the Jharia coalfields of Jharkhand and Raniganj coalfields of West Bengal.

Why It Matters: Bharat Coking Coal's 2026 IPO shows strong GMP, indicating high demand and potential premium listing.