BCCL IPO Oversubscribed Over 8 Times on First Day, Investors Show Strong Enthusiasm

The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, received an overwhelming response from investors on the very first day. The IPO was oversubscribed more than eight times, highlighting strong interest from both retail and non-institutional investors.

Record Demand on Day One

Mumbai: When BCCL’s IPO opened at 10 AM on Friday, all shares were fully subscribed within just half an hour. By the end of the first day at 5 PM, the IPO had received an 8.08 times subscription, reflecting extraordinary investor enthusiasm.

Retail and Big Investors Join the Race

BCCL had put 34.69 crore shares on sale. However, bids were placed for nearly 280 crore shares, indicating massive demand. Both retail investors (RIIs) and non-institutional investors (NIIs) actively participated, with NIIs showing particularly strong buying interest.

Grey Market Premium Signals Strong Listing

Investor excitement suggests a strong listing on the stock exchanges. In the grey market on Saturday morning, BCCL shares were trading at a 43.48% premium over the IPO price, signaling high expectations for listing-day gains.

Subscription Details

By the end of the first day:

• Retail investors: 13.85 crore shares allocated; subscribed 9.26 times
• Non-institutional investors: 5.93 crore shares allocated; subscribed 16.39 times
• Qualified institutional buyers (QIBs): 7.91 crore shares allocated; subscribed 30% (common in initial bidding, as institutional investors typically bid toward the end of the IPO)

IPO Timeline and Pricing

The BCCL IPO will remain open until January 13, 2026. The total IPO size is approximately ₹1,071 crore and is entirely an Offer for Sale (OFS) by Coal India, meaning the company is selling a portion of its existing shares. The price band is set between ₹21 and ₹23 per share, with a face value of ₹10. Investors can apply for a minimum of 600 shares. The shares will be listed on both the NSE and BSE.