IPO Guru

IPO Listed — 19 Jan 2026

Listing Price: ₹45

vs Issue Price ₹23 +₹22 (+95.65%)

Bharat Coking Coal IPO GMP History | Listing Price ₹45 & Kostak Rate

IPO
Final GMP
₹ 19
83%
Final Kostak
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0
Final Sub. to Sauda
Retail ₹ 0
SHNI ₹ 0
BHNI ₹ 0

Bharat Coking Coal IPO has been listed on January 19, 2026 at a listing price of ₹45, against the issue price of ₹23 — a gain of ₹22 (+95.65%). The GMP peaked at ₹19 on 19 January 2026 and reached a low of ₹10 on 9 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.

Bharat Coking Coal IPO raised ₹1071 Cr. through its IPO at a price band of ₹21 to ₹23 per share, with a lot size of 600 shares. The IPO was open for subscription from 09 Jan 2026 to 13 Jan 2026.

GMP Trend Chart

Day-wise GMP Trend

Date GMP ↑↓ % Kostak Sub. Sauda
19 Jan 2026 ₹ 19 83% ₹ 0 ₹ 0
16 Jan 2026 ₹ 13 57% ₹ 0 ₹ 8200
15 Jan 2026 ₹ 14 61% ₹ 0 ₹ 8100
14 Jan 2026 ₹ 13 57% ₹ 200 ₹ 5800
13 Jan 2026 ₹ 13 57% ₹ 300 ₹ 4000
12 Jan 2026 ₹ 10.80 47% ₹ 350 ₹ 4500
10 Jan 2026 ₹ 10.25 45% ₹ 400 ₹ 4500
09 Jan 2026 ₹ 10 43% ₹ 400 ₹ 4500
08 Jan 2026 ₹ 11.2 49% ₹ 475 ₹ 0
07 Jan 2026 ₹ 13 57% ₹ 475 ₹ 0
06 Jan 2026 ₹ 12 52% ₹ 300 ₹ 3500

Bharat Coking Coal IPO Dates

Event Date
Open Date 09 Jan, 2026
Close Date 13 Jan, 2026
Allotment Date 14 Jan, 2026
Refund Date 16 Jan, 2026
Credit to Demat 16 Jan, 2026
Listing Date 19 Jan, 2026

Bharat Coking Coal IPO Actual Listing Price

Basis Value
Issue Price ₹23
GMP-Based Estimate (Pre-Listing) ₹42 (+82.6%)
Actual Listing Price ₹45 (+95.65%)
Listing Gain / Loss +₹22 per share
Listing Date 19 Jan, 2026

Is Bharat Coking Coal IPO GMP Reliable?

Grey market premium for Bharat Coking Coal IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:

  • Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
  • Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
  • Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
  • Cross-check before acting: Review the Bharat Coking Coal IPO full review for a fundamentals-based assessment before making any grey market trades.

Bharat Coking Coal IPO IPO Kostak Rate Explained

The Kostak rate for Bharat Coking Coal IPO was Retail: ₹-, SHNI: ₹-, BHNI: ₹-. This is the fixed amount a grey market buyer pays for your IPO application — regardless of whether you receive allotment.

The Subject to Sauda price was Retail: ₹-, SHNI: ₹-, BHNI: ₹-. Unlike Kostak, Subject to Sauda only applies if you receive allotment.

Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.

About Bharat Coking Coal IPO

Bharat Coking Coal Limited (BCCL) is a public sector undertaking engaged in the mining and production of coking coal, primarily used in steel manufacturing. The company was incorporated in 1972 after the nationalisation of coking coal mines in India, with the objective of ensuring systematic development of this critical resource. It operates under the administrative control of Coal India Limited, which acts as its parent and promoter. Headquartered in Dhanbad, BCCL manages a large number of underground and opencast mines across the Jharia coalfields, one of the most important coal reserves in the country.

The company’s core business revolves around the extraction, processing, and supply of coking coal to major steel producers and industrial consumers. Its product portfolio includes prime coking coal, medium coking coal, and by-products generated during the mining process. BCCL follows a volume-driven business model, supplying coal through long-term linkages, e-auctions, and fuel supply agreements. With a strong focus on meeting domestic demand, the company plays a vital role in reducing India’s dependence on imported coking coal. It continues to invest in modern mining techniques, safety measures, and environmental management while maintaining long-term relationships with key clients in the steel and energy sectors.

Frequently Asked Questions about Bharat Coking Coal IPO

What is the GMP of Bharat Coking Coal IPO?

The current Grey Market Premium (GMP) of Bharat Coking Coal IPO is ₹ 19.

What is the Kostak Price of Bharat Coking Coal IPO?

Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Bharat Coking Coal IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

What is the Subject to Sauda Price of Bharat Coking Coal IPO?

Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.

What was the actual listing price of Bharat Coking Coal IPO?

Bharat Coking Coal IPO listed on January 19, 2026 at ₹45, against the issue price of ₹23 — a gain of +95.65%.

How did the GMP of Bharat Coking Coal IPO trend before listing?

The GMP of Bharat Coking Coal IPO was rising in its final days before listing. The GMP peaked at ₹19 on 19 January 2026. View the day-wise table above for the complete GMP history.

Explore Bharat Coking Coal IPO Further

For a complete picture before making your investment decision, explore these resources:

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