IPO Listed — 19 Jan 2026

Listing Price: ₹45 (+95.65% vs ₹23)

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Bharat Coking Coal IPO Review

Q: 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% (₹22 per share).

Q: What is the price band and lot size of Bharat Coking Coal IPO?

Bharat Coking Coal IPO is priced at ₹21-23 per share. The minimum lot size is 600 shares, making the minimum investment approximately ₹13,800 at the upper end of the price band. Subscription ran from 09 Jan 2026 to 13 Jan 2026.

Bharat Coking Coal IPO Discussion

IPO Guru Community · 2026-01-03T23:18:44+05:30

Bharat Coking Coal IPO opened from 09 Jan to 13 Jan 2026 and listed on 19 Jan 2026 at ₹45 — a gain of +95.65% over the issue price of ₹23.

Bharat Coking Coal IPO has been reviewed by 17 analysts, and the overall consensus is Strong Apply — carrying a score of 98. Out of the 17 analysts who have covered this IPO, 16 recommend subscribing while 1 advises caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹21-23 per share , with a minimum application size of 600 shares (minimum investment of approximately ₹13,800 at the upper band) . Subscription ran from 09 Jan 2026 to 13 Jan 2026. As of now, the grey market premium (GMP) for Bharat Coking Coal IPO is quoting at ₹19 (83%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

Bharat Coking Coal is the largest coking coal producer in India, a sector the notes tie directly to steel growth and energy security. Revenue was ₹14,401.63 crore in FY25 with EBITDA of ₹2,356.06 crore. Coverage was strongly positive: sixteen of the twenty-one analysts said subscribe, with only one neutral.

Listing Gains

At the ₹23 upper band the notes put the market cap at about ₹10,711 crore and the valuation near 17 times earnings. Analysts consistently describe this as reasonable for a company with this market position. With sixteen subscribe ratings and no avoid rating, the coverage pointed clearly to a positive listing.

Short Term Strategy

Profitability has improved sharply, with one note citing revenue, EBITDA and profit CAGRs of 4.6, 88.1 and 36.6 percent. But the half year to September 2025 produced only ₹459.93 crore of EBITDA against ₹2,356.06 crore for full-year FY25, so the seasonal pattern matters when reading near-term results.

Long Term Strategy

Analysts recommend it as a long-term investment, framing it as a play on India's infrastructure and steel growth. Coking coal is essential to steelmaking and largely imported today, so a domestic producer of this scale has a structural position. Long-term returns therefore track domestic steel capacity growth.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Analyst Verdict & Score
Detailed Review
Analyst Reviews
Frequently Asked Questions

Analyst Sentiment

Analytical Score

How it's calculated?

Strong Apply

98 / 100

Recommend Subscribe

Based on 17 analyst reviews

16 / 17

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst	Verdict	View
Nirmal Bang	Apply
Canara Bank Securities	Apply
Aditya Birla Money	Apply
Adroit Financial Services	Apply
Anand Rathi	Apply
GEPL Capital	Apply
SBI Securities	Apply
SMIFS Limited	Apply
ICICI Direct	Not rated
Angel One	Apply	-
Sushil Finance	Apply
DRChoksey Finserv	Apply
Kantilal Chhaganlal Securities	Apply
Ventura Securities	Apply
Capital Market	Apply
Marwadi Shares & Finance	Apply
Indsec Securities	Neutral
Axis Capital	Not rated
Ashika Research	Not rated
HDFC Securities	Not rated
Mehta Equities	Apply

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Frequently Asked Questions

Should I apply for Bharat Coking Coal IPO?

Based on analyst coverage tracked on this page, the overall verdict for Bharat Coking Coal IPO is Strong Apply. Out of 17 analysts who have reviewed this IPO, 16 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 98 mean for Bharat Coking Coal IPO?

The score of 98 is an aggregate of all analyst ratings tracked for Bharat Coking Coal IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Scroll down to read individual analyst verdicts for more context.

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% (₹22 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Bharat Coking Coal IPO?

Bharat Coking Coal IPO was priced at ₹21-23 per share. The minimum lot size is 600 shares, making the minimum investment approximately ₹13,800 at the upper end of the price band. Subscription ran from 09 Jan 2026 to 13 Jan 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.