Subscription Status of Bharat Coking Coal Limited IPO

Mumbai, January 13, 2026: The initial public offering of Bharat Coking Coal Limited closed for subscription today with an exceptionally strong response across investor categories. As of 5:03 PM IST, the IPO was subscribed 146.80 times, with bids received for 50,931.48 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.

The sharp jump on the final day was driven primarily by the Qualified Institutional Buyer (QIB) segment, which was subscribed 310.81 times, reflecting heavy institutional participation toward the close. The Non Institutional Investor (NII) category followed closely, subscribing 258.02 times, while the Retail Individual Investor (RII) portion was subscribed 49.25 times. The Shareholder reservation portion stood at 87.20 times, and the Employee category at 5.17 times.

Ahead of the IPO opening, Life Insurance Corporation of India emerged as the single largest anchor investor, investing ₹78.00 crore through the allotment of 3,39,13,200 equity shares at ₹23 per share, accounting for 28.56 percent of the total anchor portion.

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.5 per share at the close of bidding on January 13. At the upper IPO price of ₹23, this implies an indicative premium of about 46 percent, translating to an informal price of roughly ₹33.5 per share.

Note: Grey market premium (GMP) figures are shared for informational purposes only and reflect informal, off-market activity. The publisher does not participate in or recommend grey market or sub-to-sub (sub2) trading. GMP is unofficial and unregulated.

Bidding on the final day (Day 3) of the initial public offering of Bharat Coking Coal Limited continued to build momentum in early trade. As of 10:06 AM IST, the IPO was subscribed 36.17 times, with bids received for 1,254.98 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.

The issue had closed Day 2 (January 12) at 33.67 times subscription, and demand strengthened further as bidding resumed on the final day.

LIVE Subscription Status (as of 10:06 AM IST)​

• Non Institutional Investors (NII): Subscribed 105.16 times
  • Above ₹10 lakh: 101.91 times
  • ₹2 lakh to ₹10 lakh: 111.67 times
• Retail Individual Investors (RII): Subscribed 28.48 times
• Shareholder Reservation Portion: Subscribed 46.83 times
• Employee Reserved Category: Subscribed 2.75 times
• Qualified Institutional Buyers (QIBs): Subscribed 1.45 times

Overall bids stood at 1,254.98 crore shares, significantly exceeding the shares on offer across all categories.

Price Band-wise Demand (BSE–NSE)​

Demand remained evenly distributed across the price band, with a higher concentration at the cut-off price.

• ₹21: 1,255.19 crore shares
• ₹22: 1,253.91 crore shares
• ₹23: 1,253.14 crore shares
• Cut-off bids: 496.30 crore shares

LIVE GMP Update​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.6 per share as of Tuesday morning, January 13. At the upper IPO price of ₹23, this translates into an informal premium indication of approximately 46 percent, implying an estimated grey market price of about ₹33.6 per share.

Day-wise GMP data shows stability at current levels through the final day of bidding, even as subscription levels continue to rise.

Note: Grey market premium (GMP) figures are shared for informational purposes only and reflect informal, off-market activity. The publisher does not participate in, facilitate, or recommend grey market or sub-to-sub (sub2) trading. GMP is unofficial, unregulated, and subject to change.

The initial public offering of Bharat Coking Coal Limited closed the second day of bidding on a sharply stronger note, with overall subscription rising to 33.67 times by 5:00 PM IST, according to cumulative data from BSE and NSE. The issue received bids for 1,168.00 crore equity shares against the issue size of 34.69 crore shares.


With no bidding activity over the weekend, Day 2 saw accelerated participation across all investor categories, including a notable pick-up in institutional demand.

LIVE Subscription Status at Day 2 Close (5:00 PM IST)​

The subscription build-up on Monday was led by non-institutional and retail investors.

• Non Institutional Investors (NII): Subscribed 96.36 times
  
  • Bids above ₹10 lakh: 92.98 times
  • Bids between ₹2 lakh and ₹10 lakh: 103.13 times
• Retail Individual Investors (RII): Subscribed 26.94 times
• Shareholder Reservation Portion: Subscribed 44.03 times
• Employee Reserved Category: Subscribed 2.62 times
• Qualified Institutional Buyers (QIBs): Subscribed 1.44 times

In absolute terms, bids were received for more than 11.68 billion shares, significantly exceeding the shares on offer.

Bidding momentum continued to surge on Day 2 of the initial public offering of Bharat Coking Coal Limited, with subscription levels climbing sharply across investor categories. As of 3:12 PM IST, the IPO was subscribed 29.07 times, with bids received for 1,008.54 crore equity shares against the issue size of 34.69 crore shares, according to cumulative data from BSE and NSE.

The IPO had closed Day 1 (Friday, January 9) at 8.09 times subscription, and demand has accelerated significantly since markets reopened on Monday.

LIVE Subscription Status (as of 3:12 PM IST)​

• Non Institutional Investors (NII): Subscribed 81.21 times
  
  • Above ₹10 lakh: 77.26 times
  • ₹2 lakh to ₹10 lakh: 89.09 times
• Retail Individual Investors (RII): Subscribed 24.36 times
• Shareholder Reservation Portion: Subscribed 38.42 times
• Employee Reserved Category: Subscribed 2.13 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.62 times

Overall bids stood at 1,008.54 crore shares, far exceeding the total shares on offer.

Price Band-wise Demand (BSE–NSE)​

Demand remained evenly distributed across the price band, with volumes concentrated near the upper end.

• ₹21: 1,011.71 crore shares
• ₹22: 1,010.59 crore shares
• ₹23: 1,009.91 crore shares
• Cut-off bids: 423.61 crore shares

LIVE GMP Update​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.85 per share as of early afternoon on January 12, indicating an upward move from earlier levels. At the upper IPO price of ₹23, this translates into an unofficial premium indication of approximately 47 percent over the issue price.

The day-wise GMP trend shows a gradual recovery after moderating earlier in the week, even as subscription levels on Day 2 continued to rise sharply.

Note: Grey market premium (GMP) figures are informational indicators based on informal, off-market activity. The publisher does not participate in or recommend grey market or sub-to-sub (sub2) trading. GMP is unofficial, unregulated, and subject to rapid change.

Bidding momentum intensified sharply on Day 2 of the initial public offering of Bharat Coking Coal Limited as investor participation surged across categories. As of 2:12 PM IST, the IPO was subscribed 26.03 times, with bids received for 903.22 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.

The IPO had closed Day 1 (Friday, January 9) at an overall subscription of 8.09 times. With no bidding activity over the weekend due to market holidays, demand accelerated significantly as markets reopened on Monday.

LIVE Subscription Status (as of 2:12 PM IST)​

Demand continued to be led by non institutional and retail investors, with steady improvement in institutional participation through the afternoon.

• Non Institutional Investors (NII): Subscribed 71.27 times
  • Above ₹10 lakh: 67.78 times
  • ₹2 lakh to ₹10 lakh: 78.25 times
• Retail Individual Investors (RII): Subscribed 22.39 times
• Shareholder Reservation Portion: Subscribed 34.47 times
• Employee Reserved Category: Subscribed 1.96 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.59 times

Overall bids stood at 903.22 crore shares, substantially exceeding the total shares on offer.

Price Band-wise Demand (BSE–NSE)​

Bids remained evenly distributed across the price band, with volumes concentrated near the upper end.

• ₹21: 903.97 crore shares
• ₹22: 902.93 crore shares
• ₹23: 902.30 crore shares
• Cut-off bids: 387.48 crore shares

LIVE GMP Update​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹11 per share as of early afternoon on January 12, marking an uptick from earlier levels. At the upper IPO price of ₹23, this implies an unofficial premium indication of approximately 48 percent over the issue price.

Recent GMP data shows a gradual recovery from moderation seen earlier in the session, even as subscription levels on Day 2 moved sharply higher.

Note: Grey market premium (GMP) figures are informational indicators based on informal, off-market activity. The publisher does not participate in or recommend grey market or sub-to-sub (sub2) trading. GMP is unofficial, unregulated, and subject to rapid change.

Bidding on Day 2 of the initial public offering of Bharat Coking Coal Limited continued to intensify through the afternoon session. As of 12:45 PM IST, the IPO was subscribed 21.14 times, with bids received for 733.44 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.

The IPO had closed Day 1 (Friday, January 9) at 8.09 times subscription. With no bidding activity over the weekend due to market holidays, demand accelerated sharply as markets reopened on Monday.

LIVE Subscription Status (as of 12:45 PM IST)​

• Non Institutional Investors (NII): Subscribed 54.83 times
  
  • Above ₹10 lakh: 52.08 times
  • ₹2 lakh to ₹10 lakh: 60.32 times
• Retail Individual Investors (RII): Subscribed 19.35 times
• Shareholder Reservation Portion: Subscribed 28.42 times
• Employee Reserved Category: Subscribed 1.72 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.45 times

Overall bids stood at 733.44 crore shares, significantly exceeding the shares on offer.

Price Band-wise Demand (BSE–NSE)​

Demand remained broad-based across the price band, with volumes concentrated near the upper end.

• ₹21: 732.88 crore shares
• ₹22: 731.90 crore shares
• ₹23: 731.31 crore shares
• Cut-off bids: 331.34 crore shares

LIVE GMP Trend​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.3 per share as of 12:45 PM on January 12, marginally lower compared with the previous session. Based on the upper IPO price of ₹23, the current GMP implies an unofficial premium indication of approximately 45 percent over the issue price.

Recent GMP movement shows moderation from higher levels seen earlier in the week, even as subscription momentum on Day 2 remains strong.

Note: Grey market premium (GMP) figures are informational indicators based on informal, off-market activity. The publisher does not participate in or recommend grey market or sub-to-sub (sub2) trading. GMP is unofficial, unregulated, and subject to rapid change.

Bidding on Day 2 of the initial public offering of Bharat Coking Coal Limited accelerated sharply through the late morning session. As of 11:48 AM IST, the IPO was subscribed 17.87 times, with bids received for 620.07 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.

The IPO had closed Day 1 (Friday, January 9) at 8.09 times subscription. With no bidding over the weekend due to market holidays, demand intensified as markets reopened on Monday.

LIVE Subscription Status (as of 11:48 AM IST)​

• Non Institutional Investors (NII): Subscribed 44.56 times
  • Above ₹10 lakh: 42.13 times
  • ₹2 lakh to ₹10 lakh: 49.40 times
• Retail Individual Investors (RII): Subscribed 17.25 times
• Shareholder Reservation Portion: Subscribed 23.55 times
• Employee Reserved Category: Subscribed 1.56 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.40 times

Overall bids stood at 620.07 crore shares, significantly exceeding the shares on offer.

Price Band-wise Demand (BSE–NSE)​

Demand remained broad-based across the price band, with volumes concentrated near the upper end.

• ₹21: 620.82 crore shares
• ₹22: 619.91 crore shares
• ₹23: 619.35 crore shares
• Cut-off bids: 288.98 crore shares

LIVE GMP Update​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.6 per share as of late morning on January 12. At the upper IPO price of ₹23, this translates into an unofficial premium indication of approximately 46 percent over the issue price.

Note: Grey market premium (GMP) figures are informational indicators based on informal, off-market activity. The publisher does not participate in or recommend grey market or sub-to-sub (sub2) trading. GMP is unofficial, unregulated, and subject to rapid change.

Bidding momentum strengthened sharply on Day 2 of the initial public offering of Bharat Coking Coal Limited as markets reopened after the weekend break. As of 10:51 AM IST, the IPO was subscribed 14.34 times, with bids received for 497.42 crore equity shares against the issue size of 34.69 crore shares, according to cumulative data from BSE and NSE.

The IPO had closed Day 1 (Friday, January 9) at an overall subscription of 8.09 times, with no bidding activity on Saturday and Sunday due to market holidays.

LIVE Subscription Status (as of 10:51 AM IST)​

Demand on Day 2 continued to be led by non institutional and retail investors, while institutional participation showed a gradual increase.

• Non Institutional Investors (NII): Subscribed 35.03 times
  • Above ₹10 lakh: 33.61 times
  • ₹2 lakh to ₹10 lakh: 37.86 times
• Retail Individual Investors (RII): Subscribed 14.23 times
• Shareholder Reservation Portion: Subscribed 18.59 times
• Employee Reserved Category: Subscribed 1.25 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.35 times

Overall, bids were received for 497.42 crore shares, significantly exceeding the total shares on offer.

Price Band-wise Demand (BSE–NSE)​

Bids were recorded across the price band, with volumes concentrated near the upper end.

• ₹21: 496.53 crore shares
• ₹22: 495.75 crore shares
• ₹23: 495.28 crore shares
• Cut-off bids: 234.80 crore shares

LIVE GMP Update​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.6 per share as of late morning on January 12. At the upper IPO price of ₹23, this translates into an unofficial premium indication of approximately 46 percent over the issue price.

Note: Grey market premium (GMP) figures are informational indicators based on informal, off market activity. The publisher does not participate in or recommend grey market or sub to sub (sub2) trading. GMP is unofficial, unregulated, and subject to rapid change.

Bidding on Day 2 of the initial public offering of Bharat Coking Coal Limited gathered further momentum after markets reopened post the weekend break. As of 10:09 AM IST, the IPO was subscribed 10.80 times, with bids received for 374.84 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.

The IPO had closed Day 1 (Friday, January 9) at an overall subscription of 8.09 times, and demand strengthened further as bidding resumed on Monday.

Day 2 Live Subscription Status (as of 10:09 AM IST)​

The sharp rise in subscription on Day 2 was led by non institutional investors and retail participation, while institutional bids also showed incremental improvement.

• Non Institutional Investors (NII): Subscribed 25.29 times
  
  • Above ₹10 lakh: 24.22 times
  • ₹2 lakh to ₹10 lakh: 27.43 times
• Retail Individual Investors (RII): Subscribed 11.26 times
• Shareholder Reservation Portion: Subscribed 13.71 times
• Employee Reserved Category: Subscribed 1.00 time
• Qualified Institutional Buyers (QIBs): Subscribed 0.32 times

Overall, bids were received for 374.84 crore shares against 34.69 crore shares on offer.

Price Band-wise Demand (BSE–NSE)​

Demand remained evenly spread across the price band, with higher traction seen near the upper end.

• ₹21: 374.36 crore shares
• ₹22: 373.71 crore shares
• ₹23: 373.33 crore shares
• Cut-off bids: 180.03 crore shares

LIVE GMP Update​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at around ₹10.6 per share as of Monday morning, January 12. Based on the upper IPO price of ₹23, this implies an informal grey market indication of approximately ₹33.6 per share.

GMP levels have remained largely stable over the past two sessions following the strong close on Day 1.

Bidding for Day 2 of the initial public offering of Bharat Coking Coal Limited resumes this morning after markets remained closed over the weekend. The IPO had closed Day 1 (Friday, January 9) with robust demand, ending the session at an overall subscription of 8.09 times.

Day 1 Subscription Recap​

At the end of Friday’s session, the IPO received bids for 280.61 crore equity shares against an issue size of 34.69 crore shares.

• Retail Individual Investors (RII): Subscribed 9.26 times
• Non Institutional Investors (NII): Subscribed 16.39 times
• Shareholder Reservation Portion: Subscribed 10.86 times
• Employee Reserved Category: Subscribed 0.83 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.30 times

Non institutional and retail investors drove demand on Day 1, while institutional participation remained relatively modest, a pattern commonly seen ahead of the final bidding day.

LIVE GMP Update Ahead of Day 2​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO was reported at ₹10.6 per share as of Monday morning, January 12, indicating no change compared with the previous update.

Recent GMP Trend​

• Jan 12: ₹10.6 (unchanged)
• Jan 11: ₹10.6 (up)
• Jan 10: ₹10.4 (up)
• Jan 9 (IPO opening day): ₹10.0

Based on the upper IPO price of ₹23, the current GMP indicates an unofficial implied price of around ₹33.6 per share, translating into a premium of roughly 46 percent over the issue price.

Note:
The grey market premium (GMP) figures mentioned above are informational indicators only based on informal market activity. The publisher does not participate in, facilitate, or engage in grey market or sub-to-sub (sub2) trading, and does not recommend any form of grey market transactions. Grey market prices are unofficial, unregulated, and may change without notice.

Mumbai, January 11, 2026: The initial public offering of Bharat Coking Coal Limited concluded its first day of bidding on Friday with strong demand across investor categories. With stock markets closed on Saturday and Sunday, no bidding activity took place over the weekend. Subscription for Day 2 of the IPO will resume when markets open on Monday, January 12, 2026.

At the close of bidding on Friday, January 9, the IPO was subscribed 8.09 times, with bids received for 280.61 crore equity shares against the issue size of 34.69 crore shares, based on cumulative exchange data.

Day 1 Subscription Snapshot​

• Retail Individual Investors (RII): Subscribed 9.26 times
• Non Institutional Investors (NII): Subscribed 16.39 times
• Shareholder Reservation Portion: Subscribed 10.86 times
• Employee Reserved Category: Subscribed 0.83 times
• Qualified Institutional Buyers (QIBs): Subscribed 0.30 times

Demand on Day 1 was led by non institutional and retail investors, while institutional participation remained relatively muted, which is typical ahead of the final day of bidding.

LIC Anchor Investment​

Ahead of the IPO opening, Life Insurance Corporation of India emerged as the single largest anchor investor, investing ₹78.00 crore through the allotment of 3,39,13,200 equity shares at ₹23 per share. The anchor allocation was finalised on January 8, a day before the issue opened, and accounts for 28.56 percent of the total anchor portion.

The initial public offering of Bharat Coking Coal Limited closed the first day of bidding with strong demand across investor categories. As of 5:00 PM IST, the IPO was subscribed 8.09 times, with bids received for 280.61 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.
The public issue opened earlier today and will remain open until January 13, 2026.

LIC Anchor Investment​

Life Insurance Corporation of India emerged as the single largest anchor investor in the issue, investing ₹78.00 crore through the allotment of 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share.
The anchor allocation was finalised on January 8, 2026, a day ahead of the IPO opening, and accounts for 28.56 percent of the total anchor portion.

Subscription Status at Close of Day 1 (5:00 PM IST)​

Demand on Day 1 was led by non institutional and retail investors, with participation also seen from eligible shareholders and institutions.

• Retail Individual Investors (RII): Subscribed 9.26 times, bids for 128.35 crore shares against 13.85 crore reserved.
• Non Institutional Investors (NII): Subscribed 16.39 times, bids for 97.34 crore shares against 5.94 crorereserved.
  • Above ₹10 lakh: 15.21 times
  • ₹2 lakh to ₹10 lakh: 18.77 times
• Shareholder Reservation Portion: Subscribed 10.86 times, bids for 50.59 crore shares.
• Employee Reserved Category: Subscribed 0.83 times, bids for 1.92 crore shares.
• Qualified Institutional Buyers (QIBs): Subscribed 0.30 times, bids for 2.41 crore shares.

Category-wise Subscription Snapshot​

Price Band-wise Demand (BSE–NSE)​

Bids were distributed across the price band, with volumes concentrated near the upper end.

• ₹21: 280.87 crore shares
• ₹22: 280.34 crore shares
• ₹23: 280.04 crore shares
• Cut-off bids: 148.85 crore shares

Mumbai, January 9, 2026: The initial public offering of Bharat Coking Coal Limited saw a sharp acceleration in demand through the afternoon session on the opening day. As of 2:19 PM IST, the IPO was subscribed 6.01 times, with bids received for 208.58 crore equity shares against the total issue size of 34.69 crore shares, based on cumulative data from BSE and NSE.
The public issue opened for subscription earlier today and will remain open until January 13, 2026.

LIC Anchor Investment​

Life Insurance Corporation of India has emerged as the single largest anchor investor in the issue, investing ₹78.00 crore through the allotment of 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share.
The anchor allocation was finalised on January 8, 2026, a day ahead of the IPO opening. LIC’s investment accounts for 28.56 percent of the total anchor portion of the issue.

Live Subscription Status (as of 2:19 PM IST)​

Demand continued to build across investor categories, with strong participation from retail and non institutional investors and a gradual pick-up in institutional bidding.
The Retail Individual Investor (RII) portion was subscribed 7.33 times, with bids for 101.50 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) category recorded the strongest demand, subscribing 11.38 times overall. Within this segment, bids above ₹10 lakh were subscribed 10.28 times, while applications in the ₹2 lakh to ₹10 lakh range were subscribed 13.58 times.
The Shareholder reservation portion was subscribed 7.73 times, while the Employee reserved category stood at 0.67 times.
The Qualified Institutional Buyer (QIB) segment was subscribed 0.25 times, reflecting early institutional participation on Day 1.

Category-wise Subscription Snapshot​

Price Band-wise Demand (BSE–NSE)​

Bids were seen evenly across the price band, with volumes clustering near the upper end.

Mumbai, January 9, 2026: The initial public offering of Bharat Coking Coal Limited continued to see steady build-up in demand on the first day of bidding. As of 12:22 PM IST, the IPO was subscribed 3.72 times, with bids received for 129.11 crore equity shares against the total issue size of 34.69 crore shares, based on cumulative data from the stock exchanges.
The public issue opened for subscription earlier today and will remain open until January 13, 2026.

LIC Anchor Investment​

Life Insurance Corporation of India has emerged as the single largest anchor investor in the IPO, investing ₹78.00 crore through the allotment of 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share.
The anchor allocation was finalised on January 8, 2026, a day ahead of the IPO opening. LIC’s investment represents 28.56 percent of the total anchor portion of the issue.

Subscription Status as of 12:22 PM IST​

Demand on Day 1 remained broad-based, led by strong participation from retail investors and non institutional bidders, while institutional participation remained limited in the early part of the session.
The Retail Individual Investor (RII) portion was subscribed 4.99 times, with bids for 69.14 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) segment recorded the highest traction, subscribing 6.06 times overall. Within this category, applications above ₹10 lakh were subscribed 5.06 times, while bids in the ₹2 lakh to ₹10 lakh range stood at 8.04 times.
The Shareholder reservation portion was subscribed 4.88 times, while the Employee reserved category stood at 0.48 times.
The Qualified Institutional Buyer (QIB) segment was subscribed 0.03 times, reflecting limited participation during the early hours of bidding.

Category-wise Subscription Snapshot​

Price Band-wise Demand at BSE and NSE​

Bids were reported across the price band, with volumes remaining evenly spread.

Mumbai, January 9, 2026: The initial public offering of Bharat Coking Coal Limited continued to see rising demand through the first half of the opening day. As of 12:01 PM IST, the IPO was subscribed 3.35 times, with bids received for 116.14 crore equity shares against the issue size of 34.69 crore shares, based on cumulative data from the exchanges.
The public issue opened for subscription earlier today and will remain open until January 13, 2026.

LIC Anchor Investment​

Life Insurance Corporation of India is the single largest anchor investor in the issue, having invested ₹78.00 crore through the allotment of 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share.
The anchor allocation was finalised on January 8, 2026, a day ahead of the IPO opening, and LIC’s allocation accounts for 28.56 percent of the total anchor portion.

Subscription Status as of 12:01 PM IST​

Demand on Day 1 remained broad-based, led by retail investors and non institutional bidders, while institutional participation was limited during the early hours.
The Retail Individual Investor (RII) category was subscribed 4.53 times, with bids for 62.73 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) segment recorded the highest traction, subscribing 5.37 times overall. Within this category, applications above ₹10 lakh were subscribed 4.43 times, while bids in the ₹2 lakh to ₹10 lakh range stood at 7.25 times.
The Shareholder reservation portion was subscribed 4.38 times, while the Employee reserved category stood at 0.43 times.
The Qualified Institutional Buyer (QIB) portion was subscribed 0.02 times, reflecting limited participation in early trade.

Category-wise Subscription Snapshot​

Price Band-wise Demand at BSE and NSE​

Demand was visible across the price band, with bids clustering near the upper end.

Mumbai, January 9, 2026: The initial public offering of Bharat Coking Coal Limited witnessed strong traction within hours of opening on Friday. As of 11:51 AM IST, the IPO was subscribed 3.18 times, with bids received for 110.48 crore equity shares against the total issue size of 34.69 crore shares, according to cumulative exchange data.
The public issue opened for subscription earlier today and will remain open until January 13, 2026.

LIC Anchor Investment​

Life Insurance Corporation of India has emerged as the single largest anchor investor in the IPO, investing ₹78.00 crore through the allotment of 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share.
The anchor allocation was finalised on January 8, 2026, a day ahead of the IPO opening. LIC’s allocation accounts for 28.56 percent of the total anchor portion of the issue.

Subscription Status as of 11:51 AM IST​

Early demand was led by retail and non institutional investors, while institutional participation remained limited during the initial hours of bidding.
The Retail Individual Investor (RII) portion was subscribed 4.32 times, with bids for 59.82 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) category saw the highest traction, subscribing 5.09 times overall. Within this segment, applications above ₹10 lakh were subscribed 4.20 times, while bids in the ₹2 lakh to ₹10 lakh range stood at 6.89 times.
The Shareholder reservation portion was subscribed 4.15 times, while the Employee reserved category stood at 0.41 times.
The Qualified Institutional Buyer (QIB) portion was subscribed 0.02 times, which is typical during the early part of Day 1.

Category-wise Subscription Snapshot​

Price Band-wise Demand at BSE and NSE​

Bids were reported across the price band, with volumes remaining broadly evenly distributed.

With anchor backing from Life Insurance Corporation of India, the initial public offering of Bharat Coking Coal Limited continued to see sharp traction on the opening day. As of 11:36 AM IST, the IPO was subscribed 2.90 times, with bids received for 100.48 crore equity shares against the total issue size of 34.69 crore shares, according to cumulative exchange data.
The public issue opened for subscription earlier today and remains open until January 13, 2026.

LIC Anchor Investment​

Ahead of the IPO opening, LIC emerged as the single largest anchor investor, investing ₹78 crore in the issue. The insurer was allotted 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share as part of the anchor book finalised on January 8, 2026. LIC’s allocation represents 28.56 percent of the total anchor portion.

Subscription Status (as of 11:36 AM IST)​

Demand on Day 1 continued to be driven by strong participation from retail and non institutional investors, while institutional bidding remained limited in early hours.
The Retail Individual Investor (RII) category was subscribed 3.96 times, with bids for 54.90 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) segment recorded the highest demand, subscribing 4.59 times overall. Within this category, bids in the ₹2 lakh to ₹10 lakh segment were subscribed 6.25 times, while applications above ₹10 lakh stood at 3.76 times.
The Shareholder reservation portion was subscribed 3.73 times, while the Employee reserved category stood at 0.37 times.
The Qualified Institutional Buyer (QIB) segment was subscribed 0.02 times, reflecting limited participation during the early part of the session.

Category-wise Subscription Snapshot​

Price Band-wise Demand at BSE and NSE​

Bids were seen evenly across the price band, with volumes clustering near the upper end.

Backed by anchor participation from Life Insurance Corporation of India, the initial public offering of Bharat Coking Coal Limited saw strong demand within hours of opening on Friday. As of 11:18 AM IST, the IPO was subscribed 2.50 times, with bids received for 86.86 crore equity shares against the total issue size of 34.69 crore shares, based on cumulative data from the stock exchanges.
The public issue opened for subscription earlier today and will remain open until January 13, 2026.

LIC Anchor Investment​

Ahead of the IPO opening, LIC invested ₹78 crore in Bharat Coking Coal as part of the anchor allocation finalised on January 8, 2026. The insurer was allotted 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share, making it the largest anchor investor in the issue.
LIC’s allocation accounts for 28.56 percent of the total anchor portion.

Subscription Status in Early Trade​

Demand on Day 1 was led by retail and non institutional investors, while institutional bidding remained limited in the early hours.
The Retail Individual Investor (RII) category was subscribed 3.46 times, with bids for 48.00 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) segment recorded the strongest demand, subscribing 3.90 times overall. Within this, bids in the ₹2 lakh to ₹10 lakh category were subscribed 5.41 times, while applications above ₹10 lakh stood at 3.14 times.
The Shareholder reservation portion was subscribed 3.19 times, while the Employee reserved category stood at 0.33 times.
The Qualified Institutional Buyer (QIB) portion was subscribed 0.01 times in early trade, which is typical during the initial hours of bidding.

Category-wise Subscription Snapshot (as of 11:18 AM IST)​

Mumbai, January 9, 2026: The initial public offering of Bharat Coking Coal Limited was fully subscribed within hours of opening on Friday, with the issue subscribed 1.62 times as of 10:45 AM IST. The IPO received bids for 56.06 crore equity shares against the total issue size of 34.69 crore shares, based on cumulative data available at that time.
The issue opened for subscription earlier today and will remain open until January 13, 2026.

Category-wise Subscription Status (as of 10:45 AM IST)​

The Retail Individual Investor (RII) portion was subscribed 2.20 times, with bids for 30.42 crore shares against an allocation of 13.85 crore shares.
The Non Institutional Investor (NII) category was subscribed 2.68 times, supported by bids across both sub-segments. Applications above ₹10 lakh were subscribed 2.23 times, while bids in the ₹2 lakh to ₹10 lakh range stood at 3.59 times.
The Shareholder reservation portion saw bids for 9.22 crore shares against an allocation of 4.65 crore shares, translating into a subscription of 1.98 times.
The Employee reserved portion was subscribed 0.18 times, while the Qualified Institutional Buyer (QIB) segment stood at 0.01 times, reflecting limited participation in the early hours of bidding.

Overall Subscription Snapshot​

Price-wise Demand at BSE and NSE​

Bids were reported across the price band, with demand concentrated near the upper end.

LIC Anchor Investment​

Ahead of the IPO opening, Life Insurance Corporation of India invested ₹78 crore in the issue as part of the anchor allocation. LIC was allotted 3,39,13,200 equity shares at ₹23 per share, making it the largest anchor investor in the IPO.
The anchor allocation was completed on January 8, 2026, a day prior to the opening of the public issue.

Mumbai, January 9, 2026: Life Insurance Corporation of India has emerged as the single largest anchor investor in the Bharat Coking Coal Limited IPO, picking up 3,39,13,200 equity shares at the upper end of the price band of ₹23 per share, translating into an investment of ₹78.00 crore.

The allocation forms part of the anchor book finalised on January 8, a day ahead of the IPO opening. LIC’s investment accounts for 28.56 percent of the total anchor portion, underlining strong institutional confidence in the Government of India owned coal producer.

Bharat Coking Coal’s public issue opens for subscription today, January 9, and will close on January 13, with shares scheduled to list on January 16, 2026.