Bharat Coking Coal Share Price: BCCL IPO lists at nearly 97% premium – Book profit or hold? Anil Singhvi explains

Bharat Coking Coal made a spectacular stock market debut on its listing day, with shares opening at Rs 45.21 on the stock exchange. This represents a gain of 96.57 per cent over the issue price of Rs 23 per share, making it one of the strongest listings in recent times.

The company’s initial public offering (IPO) had already created a buzz in the market. The Rs 1,071-crore IPO received overwhelming investor response, with bids for 50,93,44,51,200 shares against 34,69,46,500 shares on offer, according to NSE data. The IPO was subscribed 146.81 times on the final day of bidding.

Bharat Coking Coal IPO Subscription Status

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The subscription across investor categories was extremely strong. Qualified institutional buyers (QIBs) subscribed 310.81 times, non-institutional investors’ quota was subscribed 258.04 times, and the retail individual investors’ (RIIs) portion received 49.26 times subscription.

The IPO was fully subscribed within minutes of opening for bidding on Friday, reflecting robust demand from all segments. Before the public issue, Bharat Coking Coal mobilised over Rs 273 crore from anchor investors.

The IPO was entirely an offer-for-sale (OFS) of 46.57 crore equity shares by Coal India. The price band for the issue was Rs 21–23 per share, and at the higher end, the company was valued at over Rs 10,700 crore.

Analysts had anticipated strong listing gains, with the stock expected to debut around Rs 35–36. However, the listing price of Rs 45.21 far exceeded expectations, giving early investors nearly 97 per cent returns on the first day itself.

Book profit or hold? Anil Singhvi explains

Anil Singhvi, Zee Business Managing Editor and market expert, suggested earlier that short-term investors could consider a stop loss of Rs 32 per share while long-term investors could use a stop loss near Rs 30, which could be trailed upward as the stock rose.

Singhvi recommended holding the stock rather than selling immediately to maximise listing gains. With the stock opening at Rs 45.21, investors following the recommended strategy would have already realised substantial gains.

Bharat Coking Coal’s listing also marks an important milestone in the government’s broader divestment efforts in the coal sector. The IPO is part of Coal India’s plan to unlock value in its subsidiaries while promoting transparency and market discipline.

The company operates coking coal mines in Jharkhand’s Jharia coalfield and West Bengal’s Raniganj coalfield, supplying coal to industrial consumers.

The strong listing comes amid a record year for IPOs in India. In 2025, companies raised nearly Rs 1.76 lakh crore through IPOs, surpassing the Rs 1.6 lakh crore raised in 2024.