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.

Bhatia Colour Chem Limited has issued an official clarification to BSE Limited regarding recent share price movements, responding to regulatory inquiries about trading activity in its securities.

Regulatory Response Details

The company submitted its response on December 20, 2025, addressing BSE's inquiry letter numbered L/SURV/ONL/PV/AJ/2025-2026/3231 dated December 19, 2025. The inquiry pertained to recent fluctuations observed in the company's share price on the BSE exchange.

Company's Official Statement

Bhatia Colour Chem Limited acknowledged noting the recent price fluctuations in its shares on the BSE exchange. In response to the regulatory inquiry, the company clearly stated that it does not possess any price-sensitive information that requires disclosure to BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Status

The company emphasized its commitment to regulatory compliance by confirming that all regular filings are being completed in a timely manner. Management assured that future filings will continue to be submitted as and when they become due, maintaining transparency with market regulators and investors.

Corporate Communication

The clarification was signed by Renu Garg, who serves as both Company Secretary and Compliance Officer for Bhatia Colour Chem Limited. The response was issued from the company's registered office located at Plot No. A/2/12, Road No. 1, Udhana Udyog Nagar Sangh, Udhna Surat 394210.

This regulatory clarification demonstrates the company's proactive approach to addressing market inquiries and maintaining compliance with SEBI's disclosure requirements for listed entities.