BCCL Shares List on BSE at 96.5% Premium; IPO Subscribed 6.87 Times
The listing was earlier scheduled for January 16, but was deferred due to the closure of banks and stock markets in Mumbai on account of Municipal Corporation (BMC) elections
Shares of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, made a strong debut on the Bombay Stock Exchange (BSE) today, listing at a premium of 96.5 per cent over the issue price.
The IPO, which was priced at ₹23 per share, debuted at ₹45.21, reflecting robust investor confidence. The ₹1,071-crore mainboard issue was subscribed 6.87 times, with strong participation across retail, Qualified Institutional Buyers (QIBs), and non-institutional investors.
The listing was earlier scheduled for January 16, but was deferred due to the closure of banks and stock markets in Mumbai on account of Municipal Corporation (BMC) elections. The shares were subsequently listed today.
Listing Ceremony in Mumbai
The listing ceremony, held in Mumbai, was attended by CMD, BCCL, Manoj Kumar Agarwal, along with the company’s senior leadership, including Director (HR) Murali Krishna Ramaiah, Director (Technical/Operations) Sanjay Kumar Singh, Director (Technical/Projects & Planning) Niladri Roy, OSD (Finance) Rajesh Kumar, Company Secretary B.K. Parui, and other senior officials and dignitaries.
Addressing the occasion, CMD Manoj Kumar Agarwal expressed gratitude to investors for their trust and confidence, describing the listing as a significant milestone in the company’s journey. He congratulated investors and reaffirmed BCCL’s commitment to sustained growth, operational excellence, and value creation.
Strong Investor Response
BCCL’s IPO received an overwhelming response from the market upon opening last week. The strong subscription underscored investor faith in the company’s fundamentals, strategic importance, and long-term growth prospects.
About BCCL
Bharat Coking Coal Limited is India’s leading producer of coking coal, playing a critical role in supporting the country’s steel sector. The company was conferred ‘Miniratna’ status in 2014 and operates some of the richest coking coal reserves in the Jharia, Raniganj, and Dhanbad coalfields. Its strategic assets form a vital backbone of India’s steel production capacity.
