Bharat Coking Coal Limited made headlines with its explosive stock market entry, listing at ₹45.21 on BSE—a 96.57% premium to the ₹23 issue price—and ₹45 on NSE for 95.65% upside. This Monday milestone marks 2026’s first main-board IPO, subscribed a phenomenal 145 times overall.
The three-day book build attracted ₹1.17 lakh crore in bids, hitting 146.87x subscription and ranking as the second-highest for PSUs by multiple. From day one full subscription to record demand across categories, especially QIBs, it showcased investor appetite for coal sector plays.
Experts hail it as a standout in recent memory, reflecting deep trust in PSUs. Fully an offer-for-sale, the ₹1,300 crore IPO involved Coal India divesting 46.57 crore shares in the ₹21-23 band, led by IDBI Capital Markets & Securities and ICICI Securities.
On finances, FY25 delivered ₹1,240 crore profit, trailing FY24’s ₹1,564 crore but beating FY23’s ₹665 crore. H1 FY26 PAT was ₹124 crore versus ₹749 crore prior. Operations generated ₹13,803 crore revenue in FY25, fueled by 39.11 MT production in FY24—a 5.80% annual growth spurt from FY23-25 via advanced equipment.
BCCL’s trajectory promises more gains, as India’s steel boom drives coking coal needs. This listing cements its market stature and investor optimism for PSU resurgence.