Bharat Coking Coal debuts strong: Book profit or stay invested? Check here

Bharat Coking Coal IPO debut: The strong listing came in line with expectations, given the IPO was subscribed 146.87 times overall.

Bharat Coking Coal share price today: The much-anticipated listing of state-owned coal miner Bharat Coking Coal Limited (BCCL) marked a strong debut on Dalal Street on Monday, backed by robust demand during the IPO phase.

 

The stock listed at ₹45 per share, marking a premium of ₹22 or 95.65 per cent to the issue price of ₹23 on the NSE. 

 

Post listing, the stock dropped on NSE, touching an intraday ₹40.22, down 10.62 per cent from the listing price.

 

On the BSE, Bharat Coking Coal opened at ₹45.21 and moved to an intraday low of ₹40.17, marking a decline of 11.14 per cent from the issue price.

 

 

Around 10:20 AM, Bharat Coking Coal shares were quoting at ₹41.62, down 7.94 per cent from the listing price. In comparison, the BSE Sensex index was trading at 82,991.47, down 0.69 per cent.  FOLLOW LATEST BHARAT COKING COAL SHARE PRICE UPDATES LIVE 

The strong listing came in line with expectations, given the IPO was subscribed 146.87 times overall. According to NSE data, the issue saw maximum demand from qualified institutional buyers (QIBs), with the QIB portion subscribed 310.81 times, followed by non-institutional investors (NIIs) at 258.16 times and retail investors at 49.33 times. 

Bharat Coking Coal shares: Buy, sell or hold? Experts weigh in

 

Market experts offered mixed views on Bharat Coking Coal’s post-listing performance. While some advised investors to book profits or exit at current levels, others recommended holding the stock with a long-term perspective.

 

G Chokkalingam, founder and head of research, Equinomics Research said that the company reported a net profit of ₹123.88 crore in H1FY26, marking a sharp Y-o-Y decline of 83 per cent from ₹748.70 crore in H1FY25. Based on expected FY26 earnings, he believes the stock’s valuation is stretched at current levels. Hence, they are closing their call on BCCL purely from a short-term investment perspective. Earlier, Equinomics Research had assigend a 'Subscribe' rating.

 

That said, the stock may have long-term potential. A key risk to the view is the limited retail float of around 10 per cent, which could lead to a perception-driven rally in the near term. Barring such tactical moves, he believes the stock is fundamentally fully priced at current levels.  ALSO READ | Reliance slips 3%, hits 3-mth low post Q3 show; why is the Street nervous? 

Shivani Nyati, head of wealth, Swastika Investmart said, “Traders and short-term investors may consider booking profits after the sharp post-listing rally. However, long-term investors can continue to hold the stock with a medium-to-long-term perspective, while maintaining a stop-loss at ₹35.”

 

Ravi Singh, chief research officer, Master Capital Services, meanwhile, said, Bharat Coking Coal made an impressive debut, listing at around ₹45 against its IPO price of ₹23, translating into gains of nearly 95-97 per cent at the opening. Strong trading volumes in the early minutes reflected solid investor interest across categories.

 

"The sharp premium underscores confidence in the company’s strategic positioning in the coking coal segment and its strong linkage to the domestic steel industry. That said, after such a strong start, some profit-taking cannot be ruled out. The stock’s medium-term performance will depend on coal demand trends, realizations, and overall PSU sector sentiment,” Singh added.

Bharat Coking Coal IPO details

 

Bharat Coking Coal raised ₹1,071.11 crore through its initial public offering, comprising entirely an offer for sale of 465.7 million shares. The IPO was priced in the range of ₹21 to ₹23 per share, with a minimum application size of 600 shares.

 

The issue opened for subscription on Friday, January 9, 2026 and closed on January 13, 2026, with share allotment finalised on January 14, 2026.

 

As per the Red Herring Prospectus (RHP), the company will not receive any proceeds from the funds raised through the issue, as the entire offer comprises a sale of shares by the promoter, Coal India.