Bharat Coking Coal makes blockbuster debut at 96% premium above IPO cost – Firstpost

Bharat Coking Coal made an excellent debut on the stock exchanges on Monday, listing at a premium of over 95 per cent after its initial public offering was subscribed a staggering 147 times during the January 9-13 bidding window.

The stock debuted at Rs 45 per share (around $0.49) on the National Stock Exchange, marking a premium of 95.65 per cent over the upper end of the IPO rate band of Rs 23 (around $0.25). On the BSE, shares listed slightly higher at Rs 45.21 apiece (around $0.50), translating into a 96.57 per cent premium. Post listing, the company commanded a trade capitalisation of Rs 21,054.30 crore (around $2.32 billion).

STORY CONTINUES BELOW THIS AD

Bharat Coking Coal (BCCL) IPO got fully subscribed within minutes of opening on Friday. Ahead of the public issue, the company had raised over Rs 273 crore (around $30 million) from anchor investors.

More from Business India’s Budget 2026 likely to prioritise debt consolidation while sustaining Infra push India’s largest drugmaker Sun Pharma weighs $10 billion Organon acquisition to deepen US presence, reports

Experts urged caution

Prashanth Tapse, research analyst at Mehta Equities, told Moneycontrol “Investors may consider booking profits on part of their holdings while retaining the rest for the long term.” He also cautioned non-allotted investors against chasing the stock on listing day due to possible volatility.

BCCL’s listing is part of the government’s broader divestment drive in the coal sector, aimed at unlocking value in Coal India’s subsidiaries and improving transparency through market-led discipline.

Incorporated in 1972, Bharat Coking Coal was set up to mine and supply coking coal, with operations concentrated in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal.

The listing comes against the backdrop of a blockbuster year for India’s primary markets. In 2025, companies raised a record nearly Rs 1.76 lakh crore (around $19.35 billion) through IPOs, supported by strong domestic liquidity, resilient investor appetite and a favourable macroeconomic backdrop.

Quick Reads

View All

India’s largest drugmaker Sun Pharma weighs $10 billion Organon acquisition to deepen US presence, reports

Gold, silver hit record highs as Trump’s Greenland tariff threat rattles global markets

TagsStock marketHomeBusinessBharat Coking Coal makes blockbuster debut at 96% premium above IPO priceEnd of Article