IPO GMP Today: Bharat Coking Coal IPO Overtakes IRCTC, HUDCO, Cochin; Second Only to THIS Defence PSU Major

IPO GMP Today: The subscription race for Coal India subsidiary Bharat Coking Coal Limited (BCCL)'s initial public offering (IPO) concluded on Tuesday, January 13, with the IPO drawing a bumper response from investors. The BCCL IPO was subscribed over 146.8 times, placing the coking coal producer among the top five most subscribed PSU IPOs.

BCCL IPO now stands as the second most subscribed PSU IPO, as it has surpassed big names like IRCTC, HUDCO, Cochin Shipyard, and RITES. The PSU IPO now stands behind only the defence PSU major, Mazagon Dock Shipbuilders.

BCCL IPO grey market premium (GMP) today saw a sharp jump, reflecting the investors' enthusiasm towards the IPO. According to experts, the IPO is likely to see strong listing gains.

BCCL IPO Among Top 5 Most Subscribed PSUs

The top name in the list is Mazagon Dock Shipbuilders which was subscribed around 157.41x times during its IPO period. Coking Coal IPO was subscribed around 146.8x, whereas IRCTC was subscribed around 111.91x. Fourth on the list is HUDCO, which was subscribed around 79.53x, Cochin Shipyard was subscribed around 76.19x, and RITES was subscribed around 67.24x.

BCCL IPO Update: Bharat Coking Coal IPO GMP Today, Listing Expectation

Bharat Coking Coal IPO GMP Today surged significantly on Tuesday. The PSU's IPO GMP surged to Rs 13.4 on Tuesday, as per investorgain.com. Bharat Coking Coal IPO is likely to be listed at a price of Rs 36.4 (which is the sum of IPO GMP and upper price band).

About BCCL IPO

Bharat Coking Coal IPO is a book-built share sale worth Rs 1,071.11 crores. The issue consists entirely of an offer for sale totalling 46.57 crore equity shares. Investor bids open on January 9, 2026 and close on January 13, 2026, with the stock planned for listing on both BSE and NSE.

The Bharat Coking Coal IPO allotment is scheduled to be finalised on January 14, 2026. Listing is tentatively targeted for January 16, 2026, subject to regulatory processes. The price band is fixed at ₹23 per share, and bids must follow the prescribed lot structure for different investor categories, including retail and non-institutional investors.

Bharat Coking Coal IPO Lot Size and Investment Details

The minimum application size for retail investors in the Bharat Coking Coal IPO is one lot of 600 shares. This requires an outlay of Rs 13,800 at the upper price. Small non-institutional investors, or sNII, must apply for at least 15 lots. Large non-institutional investors, or bNII, need a higher commitment.