Shares of Bharat Coking Coal Limited (BCCL) made a stellar debut on the stock market on Monday, delivering nearly 100% gains to investors on the very first day.
Impressive Listing Performance
BCCL, a subsidiary of Coal India Limited headquartered in Dhanbad, Jharkhand, saw its shares list at ₹45 on the NSE, marking a 95.6% premium over the issue price of ₹23. On the BSE, the shares listed at ₹45.21, reflecting a 96.6% increase. This IPO, worth ₹1,071 crore, was offered entirely through Offer for Sale (OFS) by Coal India and received overwhelming support from investors.
Massive Oversubscription
The BCCL IPO was 147 times oversubscribed, indicating strong demand across all categories — institutional, non-institutional, and retail investors. Before listing, BCCL was valued at ₹10,711 crore, underscoring the market’s confidence in the company.
About the Company
Established in 1972, BCCL is India’s largest producer of coking coal, accounting for nearly 60% of the country’s domestic production. The company operates 34 coal mines across Jharkhand and West Bengal, including both underground and opencast operations. Its primary clients include steel and power companies, making it a critical player in India’s industrial supply chain.
The IPO’s spectacular listing highlights investor appetite for high-quality PSU stocks, setting a bullish tone for the sector.
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