Bharat Coking Coal rallies 77% as shares make strong market debut

The stellar debut follows an encouraging response to its Rs 1,071 crore IPO, the first on the mainboard during calendar 2026

Shares of Bharat Coking Coal, a leading coal miner, surged 77 per cent during their trading debut on Monday. The stock hit a high of ₹45.2 and a low of ₹40.13, before settling at ₹40.66, up ₹17.66 over its issue price of ₹ 23. The stellar debut follows an encouraging response to its ₹1,071 crore initial public offering (IPO), the first on the mainboard during calendar 2026.

 

The IPO had garnered over 147 times subscription and attracted bids worth ₹1.2 trillion.

 

Bharat Coking Coal’s IPO was entirely an offer-for-sale by parent Coal India. Following the IPO, Coal India’s stake in the company has declined to 90 per cent.

 

At the last close, the company was valued at ₹18,935 crore. During the first six months of 2025-26 (FY26), the company had clocked net profit of ₹124 crore on revenues of ₹5,659 crore.

 

Bharat Coking Coal is engaged in the production of coking coal, non-coking coal, and washed coal – key raw materials for the steel industry.