Bhatia colour chem Limited has disclosed to BSE regarding search proceedings conducted by tax authorities at its registered office. The company made this disclosure in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Search Proceedings Details

The Directorate General of Goods & Service Tax Intelligence (DGGI) Surat Zonal Unit initiated search proceedings at the company's registered office on April 08, 2026. The proceedings were conducted under Section 67(2) of the Central Goods and Services Tax Act, 2017 and concluded on April 09, 2026 at 05:00 AM.

Current Impact Assessment

Bhatia Colour Chem Limited has assessed that there is presently no material impact on the company's financials, business operations, or other activities due to these search proceedings. The company has not yet been informed by the authority about the specific details of violations or contraventions that are alleged to have been committed.

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing detailed information as required under Clause 19 of Para A of Part A of Schedule III of the SEBI Listing Regulations. The disclosure includes the nature of action taken, dates involved, and current impact assessment.

Bhatia Colour Chem Limited has committed to making necessary disclosures in accordance with regulatory provisions if any material updates arise that require intimation under the SEBI Listing Regulations. The company has also made this information available on its website at www.bccl.info for stakeholder access.

Bharat Coking Coal Ltd.'s initial public offering has captured significant investor attention as it enters its second day of subscription, following a remarkable debut that saw the issue oversubscribed more than eight times on January 9. The strong response reflects investor confidence in the PSU coal company's prospects and the attractive pricing structure.

Exceptional First-Day Subscription Performance

The BCCL IPO witnessed overwhelming demand across most investor categories on its launch day. The subscription data reveals the varying levels of interest among different investor segments:

The retail investor segment demonstrated particularly strong enthusiasm, with investors bidding for over 130.87 crore shares against the 12.83 crore shares allocated to this category.

Current Grey Market Premium and Listing Expectations

As of January 12, the grey market premium for BCCL shares stands at ₹10.60 per share. Combined with the upper price band of ₹23, this translates to an estimated listing price of approximately ₹33.60 per share, indicating potential gains of 46.09% over the issue price.

IPO Structure and Key Details

The Bharat Coking Coal IPO represents a significant offering in the coal sector, structured entirely as an offer-for-sale. The issue specifics include:

IDBI Capital Markets serves as the book-running lead manager, while KFin Technologies handles the registrar responsibilities for this offering.

Company Profile and Financial Performance

Bharat Coking Coal Ltd., incorporated in 1972, operates as a wholly-owned subsidiary of Coal India Ltd. The company is headquartered in Dhanbad, Jharkhand, and specializes in producing coking coal, non-coking coal, and washed coal.

The company's recent financial performance shows mixed results:

Since the IPO is entirely an offer-for-sale, BCCL will not receive any proceeds from the public offering. All funds raised will be directed to the selling shareholder after accounting for IPO-related expenses and applicable taxes.