Mumbai, January 18, 2026: The equity shares of Bharat Coking Coal Limited are scheduled to list tomorrow, January 19, 2026, on the NSE and BSE, following the completion of the allotment and refund process. The listing comes after an exceptionally strong subscription response, with the IPO closing at about 143.85x overall subscription.
Investor attention on the eve of listing is focused on the grey market premium (GMP), which has moderated from the mid-week peak but remains elevated ahead of the debut.
Subscription and Allotment Recap
The IPO, offered at a price band of ₹21 to ₹23 per share, drew heavy participation across all categories, led by qualified institutional buyers and non-institutional investors, with robust retail and shareholder demand as well. Allotment was finalised earlier this week, refunds were initiated, and shares have been credited to demat accounts in line with the post-issue schedule.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, accounting for 28.56 percent of the total anchor portion, providing early institutional participation ahead of the public issue.
Grey Market Premium (GMP) Update Ahead of Listing
In the unofficial grey market, the GMP for the Bharat Coking Coal IPO stood at around ₹12.4 per share on January 18, unchanged from the previous update. Against the IPO price of ₹23, this indicates an informal premium of roughly 53 to 54 percent, implying an estimated grey market price of about ₹35.4 per share.Recent GMP Trend Highlights
- Jan 18 (Pre-listing): GMP ₹12.4 | ~53.9% premium
- Jan 17: GMP ₹12.4 | ~53.9% premium
- Jan 16: GMP ₹13.2 | ~57.4% premium
- Jan 15: GMP ₹14.0 | ~60.9% premium
- Jan 14 (Allotment): GMP ₹13.0 | ~56.5% premium
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.
Listing on January 19
With allotment completed and demat credits in place, Bharat Coking Coal shares are set to debut tomorrow on both the NSE and BSE. Market participants will be closely watching the opening price and early trade on listing day, given the scale of oversubscription and the elevated GMP readings going into the debut.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 primarily 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 through a mix of opencast and underground mining operations.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.