Subscription Status · Jan 09 – Jan 13, 2026 · ₹21–23
The Bharat Coking Coal IPO subscription has recorded exceptional investor demand with an overall subscription of 143.85× as of Jan 14, 2026, indicating that investors applied for 143.85 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Jan 14, 2026, 8:48 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
79,169,000 | 24,606,519,600 |
310.81×
|
|
NII
Non-Institutional Investors
|
59,376,750 | 14,279,614,800 |
240.49×
|
|
bNII
Bids above ₹10L
|
39,584,500 | 10,911,211,200 |
275.64×
|
|
sNII
Bids below ₹10L
|
19,792,250 | 4,409,306,400 |
222.78×
|
|
Retail
Retail Individual Investors
|
138,545,750 | 6,839,913,000 |
49.37×
|
|
Shareholders
Existing Shareholders
|
46,570,000 | 4,060,720,800 |
87.20×
|
|
Employees
Employee Category
|
23,285,000 | 120,342,000 |
5.17×
|
|
Total
|
346,946,500 | 49,907,110,200 |
143.85×
|
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 79,169,000 | 23,225,400 | 0.29× |
| NII | 59,376,750 | 773,704,200 | 13.03× |
| bNII | 39,584,500 | 491,711,400 | 12.42× |
| sNII | 19,792,250 | 281,992,800 | 14.25× |
| Retail | 138,545,750 | 995,389,200 | 7.18× |
| Shareholders | 46,570,000 | 401,117,400 | 8.61× |
| Employees | 23,285,000 | 16,275,600 | 0.70× |
| Total | 346,946,500 | 2,209,711,800 | 6.37× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 79,169,000 | 23,225,400 | 0.29× |
| NII | 59,376,750 | 773,704,200 | 13.03× |
| bNII | 39,584,500 | 491,711,400 | 12.42× |
| sNII | 19,792,250 | 281,992,800 | 14.25× |
| Retail | 138,545,750 | 995,389,200 | 7.18× |
| Shareholders | 46,570,000 | 401,117,400 | 8.61× |
| Employees | 23,285,000 | 16,275,600 | 0.70× |
| Total | 346,946,500 | 2,209,711,800 | 6.37× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 79,169,000 | 24,606,519,600 | 310.81× |
| NII | 59,376,750 | 15,303,630,600 | 257.74× |
| bNII | 39,584,500 | 10,911,211,200 | 275.64× |
| sNII | 19,792,250 | 4,392,419,400 | 221.93× |
| Retail | 138,545,750 | 6,721,798,800 | 48.52× |
| Shareholders | 46,570,000 | 4,033,250,400 | 86.61× |
| Employees | 23,285,000 | 119,147,400 | 5.12× |
| Total | 346,946,500 | 50,784,346,800 | 146.38× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 79,169,000 | 24,606,519,600 | 310.81× |
| NII | 59,376,750 | 14,279,614,800 | 240.49× |
| bNII | 39,584,500 | 10,911,211,200 | 275.64× |
| sNII | 19,792,250 | 4,409,306,400 | 222.78× |
| Retail | 138,545,750 | 6,839,913,000 | 49.37× |
| Shareholders | 46,570,000 | 4,060,720,800 | 87.20× |
| Employees | 23,285,000 | 120,342,000 | 5.17× |
| Total | 346,946,500 | 49,907,110,200 | 143.85× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 79,169,000 | 24,606,519,600 | 310.81× |
| NII | 59,376,750 | 14,279,614,800 | 240.49× |
| bNII | 39,584,500 | 10,911,211,200 | 275.64× |
| sNII | 19,792,250 | 4,409,306,400 | 222.78× |
| Retail | 138,545,750 | 6,839,913,000 | 49.37× |
| Shareholders | 46,570,000 | 4,060,720,800 | 87.20× |
| Employees | 23,285,000 | 120,342,000 | 5.17× |
| Total | 346,946,500 | 49,907,110,200 | 143.85× |
As of January 14, 2026, the Bharat Coking Coal IPO has been subscribed 143.85 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Bharat Coking Coal IPO subscription window was open from January 09, 2026 to January 13, 2026. Investors could apply through their demat account or ASBA facility.
The Bharat Coking Coal IPO has a price band of ₹21 to ₹23 per share, with a lot size of 600 shares. Minimum retail investment: ₹12,600 (lower band) or ₹13,800 (upper band).
The QIB category has been subscribed 310.81 times. QIBs were offered 79,169,000 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 49.37 times. Retail was offered 138,545,750 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 240.49×. bNII (>₹10L): 275.64×, sNII (<₹10L): 222.78×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on January 14, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Bharat Coking Coal IPO is expected to list on January 16, 2026. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 143.85× means investors have bid for 143.85 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 49.37×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Bharat Coking Coal IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Jan 09 to Jan 13, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Bharat Coking Coal IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Jan 09, 2026Subscription Closes Done
Jan 13, 2026Basis of Allotment Done
Jan 14, 2026Listing on NSE,BSE Done
Jan 16, 2026Lottery-based allotment. Based on retail subscription of 49.37×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.