Bharat Coking Coal Limited's initial public offering (IPO) was highly successful on its first day of bidding, January 9, 2026. The IPO was subscribed 8.09 times, with investors bidding for 280.61 crore shares against the offer size of 34.69 crore shares. Retail investors showed strong interest, subscribing 9.26 times, while non-institutional investors subscribed 16.39 times. Shareholder-reserved shares were booked 10.86 times. The employees' portion was subscribed 0.83 times, and qualified institutional buyers subscribed only 0.30 times. The IPO opened on January 9 and will close on January 13, 2026. Before the public offering, Bharat Coking Coal raised Rs 273.1 crore from anchor investors. The issue, priced at the upper band, is valued at about nine times the price-to-earnings ratio and roughly twice the price-to-book value. Bharat Coking Coal is India's largest coking coal producer, accounting for nearly 58.5% of domestic coking coal output in FY25. It is a wholly-owned subsidiary of Coal India Limited and holds estimated coal reserves of approximately 7,910 million tonnes. This IPO will raise Rs 1,071 crore for Coal India through an offer for sale. Published on January 9, 2026, at 7:35 PM IST.