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Bharat Coking Coal IPO Day 2: Subscription Crosses Over 22 Times, GMP Jumps 44%; Should You Apply?

January 12, 2026

The initial public offering of Bharat Coking Coal continued to draw overwhelming demand on the second day of bidding, reinforcing strong market appetite for the Coal India subsidiary. By January 12, the Rs 1,071-crore public issue had already been subscribed to more than 22 times, signalling high investor confidence ahead of its closing. Data available showed bids for nearly 417.48 crore shares against an offer size of just 34.69 crore shares. This robust response places the IPO among the most keenly watched primary market offerings of the year so far. Strong Subscription Across Investor SegmentsThe Bharat Coking Coal IPO was subscribed 22.39 times overall by 12:59 pm on January 12, 2026, the second day of bidding.

Bharat Coking Coal IPO Day 2: Subscription Crosses Over 22 Times, GMP Jumps 44%; Should You Apply?

Credit: Timesnownews

Key Highlights

Retail investors subscribed to their portion 20.08 times, while the QIB (excluding anchor investors) segment saw 0.46 times subscription.
The Non-Institutional Investors (NII) category led the demand, with bids reaching 59.07 times the shares reserved for them. Grey Market Signals Strong Listing ProspectsInvestor optimism is also reflected in the grey market.
Ahead of listing, Bharat Coking Coal’s unlisted shares were trading at a grey market premium (GMP) of Rs 10.3, last updated Jan 12th 2026 11:54 am, according to the grey market tracking website, Investorgain.
With the price band of 23.00, Bharat Coking Coal IPO's estimated listing price is Rs 33.3 (cap price + today's GMP).
The expected percentage gain/loss per share is 44.78 per cent. Issue Details, Valuation And TimelineThe IPO is entirely an offer for sale of 46.57 crore equity shares by promoter Coal India, aimed at raising Rs 1,071.11 crore.

Sources

Bharat Coking Coal IPO Day 2: Subscription Crosses Over 22 Times, GMP Jumps 44%; Should You Apply?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Bharat Coking Coal IPO Day 2: Subscription Crosses Over 22 Times, GMP Jumps 44%; Should You Apply?

Key Highlights

Sources

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