BCCL IPO GMP Soars: Strong Listing Gains Expected, Should You Invest?
Share Market
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News18•12-01-2026, 10:05
BCCL IPO GMP Soars: Strong Listing Gains Expected, Should You Invest?
- •Bharat Coking Coal Limited (BCCL) IPO opened on January 9, 2026, closing on January 13, 2026, with listing expected on January 16.
- •The Grey Market Premium (GMP) for BCCL shares is Rs 10.6, indicating potential listing gains of approximately 46% based on the upper price band of Rs 23.
- •The IPO is an Offer For Sale (OFS) of 46.57 crore equity shares, with proceeds going to promoter Coal India Limited, reducing its stake from 100% to 90%.
- •Brokerage firms SBI Securities and Anand Rathi Research recommend investing, citing fair valuation, strong financial performance, and a reliable track record.
- •BCCL's primary business is coking coal mining, crucial for steel production, with operations in Jharkhand and West Bengal, and plans to expand coal washery capacity.
Why It Matters: BCCL IPO shows strong GMP and positive brokerage outlook, suggesting significant listing gains for investors.
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