Retail investors can now bid for shares of Bharat Coking Coal Limited (BCCL) as its IPO opens on January 8.
Founded in 1972, BCCL is India’s biggest producer of coking coal and holds about 7,910 million tonnes of reserves. It operates mainly in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal. The company is a wholly‑owned subsidiary of Coal India and earned “Mini‑Ratna” status in 2014.
The entire issue is an Offer for Sale (OFS), meaning the promoter, Coal India, is selling its existing stake. Anchor investors can place bids from Thursday, Jan 8. The book‑running lead managers are IDBI Capital Markets & Securities and ICICI Securities. KFin Technologies is handling registration.
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.
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Join TelegramIndia is adding a new player to its stock market arena – the Metropolitan Stock Exchange (MSE) is gearing up to begin trading within the next two weeks. What MSE Is Planning To make sure there’s enough buying and selling activity, MSE will run a Liquidity Enhancement Scheme. It will appoint market makers to support about 130 stocks, helping keep prices stable and trades flowing smoothly. Funding Behind the Launch MSE has raised roughly ₹1,240 crore in two recent funding rounds, drawing interest from major brokerage firms like Groww and Zerodha. Current Market Landscape Today, the two big exchanges dominate: NSE holds about 90‑92% of cash‑market trading and roughly 95% of futures and options. BSE controls the remaining 8‑10% of cash trades and about 5% of futures and options. This concentration makes it tough for a new exchange to capture a large share quickly. Regulatory Changes In 2025, the regulator introduced a rule limiting each segment to just two weekly equity‑derivatives expiries. Currently, NSE’s Nifty 50 expires on Tuesdays, while BSE’s Sensex expires on Thursdays. This could affect how MSE structures its derivative products. Potential Challenges The biggest hurdles for MSE are: Attracting enough traders to ensure liquidity. Competing with the entrenched NSE and BSE platforms. Building trust among investors who are used to the two dominant exchanges. Why It Matters to Retail Investors If MSE succeeds in offering tighter spreads and more trading options, everyday investors could benefit from lower costs and more choices. However, low liquidity could also mean higher price volatility for some stocks. Bottom Line The launch of the Metropolitan Stock Exchange adds a fresh option for traders, but its impact will depend on how well it can draw participants and sustain liquidity. Remember, this is perspective, not prediction. Do your own research and consider your risk tolerance before making any investment decisions.
India's biggest coking coal producer, Bharat Coking Coal, attracted strong institutional interest by raising Rs 273 crore from anchor investors just a day before its public IPO launch. Anchor round details The company offered 11.88 crore equity shares to anchor investors at Rs 23 per share, the top of the Rs 21‑23 price band. The anchor book was fully subscribed, setting a positive tone for the public issue that opens on January 9. Who joined the anchor round? Global and domestic institutions: Life Insurance Corporation, Societe Generale, Copthall Mauritius Investment Ltd, Citrine Fund, M7 Global Fund PCC – ASAS Global Opportunities Fund, Maybank Securities, Rajasthan Global Securities. Domestic mutual funds: About 7.17 crore shares went to three Indian mutual funds across eight schemes, including UTI Dividend Yield Fund, other UTI schemes, Nippon India’s small‑cap fund, and Bandhan Mutual Fund’s small‑cap scheme. Why the anchor success matters Fully subscribed anchor allocations suggest solid demand for the upcoming public issue. With the anchor round priced at the top of the band, the market may anticipate a strong subscription window for retail investors. Upcoming public IPO Subscription period: January 9 – January 13 Issue size: ~Rs 1,071 crore Price band: Rs 21–23 per share Listing: NSE and BSE Shareholding after listing: Coal India retains 90%, the IPO sells a 10% stake. About Bharat Coking Coal As a wholly‑owned subsidiary of Coal India, Bharat Coking Coal produces about 58.5% of India's domestic coking coal. It holds roughly 7.91 billion tonnes of reserves—the only sizable domestic source of prime coking coal, essential for steel making. The company runs 34 mines in Jharkhand’s Jharia and West Bengal’s Raniganj coalfields and is expanding its coal‑washing capacity to improve quality and revenue. Bottom line for investors Strong anchor demand and a fully‑subscribed book could signal a healthy retail response. However, investors should weigh the company’s operational risks, the overall steel sector outlook, and the pricing of the IPO before committing funds. Remember, this is perspective, not a prediction. Do your own research and consider your risk tolerance before investing.
The Rs 1,071 crore Bharat Coking Coal IPO sold out in just 30 minutes, thanks to strong interest from retail investors. Quick Overview The offer opened on Friday and was booked 1.12 times by 10:30 AM. Investors wanted 38.9 crore shares while only 34.69 crore were on offer. Retail investors subscribed 1.5 times their quota. Non‑institutional investors subscribed 1.99 times. Shareholder allocation (4.65 crore shares) was taken up 1.29 times. Qualified Institutional Buyers showed very little interest (0.01 times). Grey‑Market Sentiment In the unofficial market, the shares are trading at about a 50% premium over the IPO price, suggesting investors expect a strong first‑day performance. Remember, grey‑market premiums can change quickly with market moves. IPO Details Issue size: Rs 1,071 crore (offer for sale by Coal India). Price band: Rs 21‑23 per share (face value Rs 10). Minimum lot: 600 shares. Closing date: 13 January. Listing: NSE and BSE. About Bharat Coking Coal Bharat Coking Coal (BCCL) is India’s biggest producer of coking coal, a key ingredient for steel. It holds about 7.9 billion tonnes of reserves – roughly 21.5 % of the country’s total coking coal – and supplied 58.5 % of domestic production in FY 2025. Operates 34 mines in Jharkhand (Jharia) and West Bengal (Raniganj). Close to steel plants and linked to good transport networks. Investing in coal washeries to produce higher‑quality washed coal. BCCL is a wholly‑owned subsidiary of Coal India, the world’s largest coal producer, giving it strong technical and financial backing. Valuation and Financial Snapshot Price band values the company at about 8.6 times FY 2025 earnings (upper band). FY 2025 revenue: Rs 13,803 million. Consolidated profit: Rs 1,564 million. Business is cash‑generative and debt‑free. Analyst View Research house Anand Rathi gave the IPO a “Subscribe” rating, mainly for potential short‑term listing gains. They note the company’s strong market position and reserve base, but also point out that most of the upside is already priced in, limiting long‑term re‑rating prospects. Overall, analysts see the IPO as a tactical play rather than a long‑term growth story. The scarcity of prime coking coal and interest in PSU divestments could push the share price higher on debut, but the business remains tied to the cyclical steel sector. Key Risks Revenue depends heavily on raw coking coal demand and price parity with imports. Operations are concentrated in the Jharia and Raniganj regions, making them vulnerable to regulatory or environmental issues. Steel demand cycles can affect earnings. Bottom Line For short‑term traders, the Bharat Coking Coal IPO offers a chance to capture listing gains, especially given the high retail participation and strong grey‑market premium. Long‑term investors should weigh the company’s strategic importance against its exposure to steel‑demand cycles and limited growth catalysts after the listing. Remember, this is my perspective, not a prediction. Do your own research before making any investment decisions.