Bharat Coking Coal IPO Allotment Status Finalised; Shares to List Tomorrow on NSE and BSE, GMP Indicates ~58% Premium

Mumbai, January 15, 2026: The IPO allotment status of Bharat Coking Coal Limited has now been finalised, bringing closure to one of the most heavily subscribed public issues in recent times. Investors who applied for the issue have either received confirmation of share allotment through debit messages or refund-related notifications, as the post-allotment process moves toward completion.

With the allotment exercise completed, the equity shares of Bharat Coking Coal are scheduled to list tomorrow, January 16, 2026, on both NSE and BSE.

IPO Allotment Status Update​

Following the finalisation of the basis of allotment:

• Successful applicants have started seeing debits corresponding to the allotted share quantity
• Unsuccessful or partially allotted applicants have received refund-related messages, including UPI mandate revocation alerts
• Demat credit for allotted shares is expected to be completed ahead of listing

The IPO had closed with an overall subscription of around 143.85 times, driven by exceptionally strong participation across all investor categories.

Subscription Snapshot at Close​

• Qualified Institutional Buyers (QIBs): Subscribed over 300 times
• Non-Institutional Investors (NIIs): Subscribed over 250 times
• Retail Individual Investors (RIIs): Subscribed nearly 50 times
• Shareholder Reservation Portion: Subscribed over 85 times
• Employee Category: Subscribed over 5 times

The sharp final-day surge, particularly from institutional investors, pushed the issue into record oversubscription territory.

LIC Anchor Investment​

Ahead of the IPO opening, Life Insurance Corporation of India emerged as the single largest anchor investor. LIC invested ₹78.00 crore, acquiring 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, and accounted for 28.56 percent of the total anchor portion, providing strong institutional participation ahead of the public issue.

Grey Market Premium (GMP) Indicates Strong Listing Expectations​

In the unofficial grey market, the grey market premium (GMP) for the Bharat Coking Coal IPO has moved higher ahead of listing.

As of January 15, 2026 (morning), GMP was reported at around ₹13.3 per share, up from ₹13 on allotment day. At the upper IPO price of ₹23, this translates into an indicative premium of approximately 57–58 percent, implying an informal estimated listing price of around ₹36.3 per share.

Recent GMP Trend Highlights​

• Jan 15 (Pre-listing): GMP ₹13.3 | ~57.8% premium
• Jan 14 (Allotment Day): GMP ₹13 | ~56.5% premium
• Jan 13 (Issue Close): GMP ₹13 | ~56.5% premium
• Jan 12: GMP ₹10.6 | ~46.1% premium

The rise in GMP reflects continued informal demand tracking the IPO’s extraordinary subscription levels and the imminent listing.

Listing Scheduled for January 16​

With allotment completed and refunds underway, Bharat Coking Coal shares are set to debut tomorrow on NSE and BSE, marking the listing of a key Coal India subsidiary in the public markets.

Market participants will be closely watching the opening price and early trade as one of the most anticipated listings of the year comes to market.

About Bharat Coking Coal Limited​

Bharat Coking Coal Limited is a Government of India enterprise and a subsidiary of Coal India Limited. The company is engaged in the mining and supply of coking coal and non-coking coal, with operations concentrated in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal. It plays a strategic role in supplying raw material to India’s steel and core industrial sectors.

Note
The GMP prices shown above are only news related to the grey market. The publisher does not trade or deal in the grey market or sub-to-sub (sub2) rates, nor does it recommend trading in the grey market. Grey market prices are unofficial, unregulated, and subject to change.