BCCL Share Price : Bharat Coking Coal shares fall 3% amid profit booking. Check share price and expert views
Bharat Coking Coal Share Price Live: Bharat Coking Coal Ltd. shares debuted sharply higher on NSE and BSE, settling around 97% above the Rs 23 issue price. The Rs 1,071 crore IPO, entirely an offer for sale by Coal India, saw strong demand and high grey market premiums, highlighting investor confidence in the company’s dominant position.
BCCL Share Price : Shares List Sharply Higher
Bharat Coking Coal Ltd. (BCCL) shares debuted today on the NSE and BSE, settling around 97% above the issue price of Rs 23. The IPO, worth Rs 1,071 crore and entirely an offer for sale by promoter Coal India Limited, had received an overwhelming response, being subscribed 147 times across institutional, non-institutional, and retail categories.
Bharat Coking Coal IPO Grey Market Premium (GMP)
Ahead of listing, the IPO had quoted a grey market premium of around 52%, reflecting strong investor interest and the scarcity value of a pure-play coking coal producer.
Expert Reviews on Bharat Coking Coal
Brokerages and market experts had maintained a positive stance on the IPO. SBI Securities highlighted BCCL’s dominant position, noting it accounted for nearly 58.5% of India’s domestic coking coal output with estimated reserves of 7.91 billion tonnes, recommending subscription at the cut-off price.
Lemonn Markets Desk described the IPO as a strategic move to unlock value for Coal India shareholders, citing BCCL’s monopolistic position and strong long-term demand visibility.
Anand Rathi Share and Stock Brokers Ltd assigned a “Subscribe” rating primarily for listing gains, noting the company’s robust reserve base and strategic importance to India’s steel sector, while cautioning that valuations at the upper price band may limit long-term re-rating potential.
Overall, analysts view Bharat Coking Coal as a structurally strong, long-term investment linked to India’s infrastructure and steel growth.
