Even though the fundamental elements of competitive examinations in India over the last decade have remained similar to those of previous years, the technology associated with them continues to evolve. Imagine a JEE, NEET or IAS aspirant being able to identify and simplify the problems within
"Call me Ringo." That's what the former Beatles drummer says when asked if we should call him Sir. He joins us at the swanky Sunset Marquis hotel in West Hollywood where rock stars have gathered for decades in a luxury oasis behind the Sunset Strip."Call me Ringo
India is set to become a global sporting powerhouse. Sports Minister Mansukh Mandaviya predicts India will rank among the top 10 sporting nations by 2036. By 2047, the nation is projected to break into the top five. This vision is fueled by government initiatives like Fit India and Khelo India
The Gauhati High Court on Friday (April 24, 2026) rejected Congress leader Pawan Khera’s anticipatory bail plea in connection with a case registered by Assam Chief Minister Himanta Biswa Sarma’s wife, Riniki Bhuyan Sharma, in the Assam Police Crime Branch
Benchmark indices Sensex and Nifty tumbled in early trade on Friday (April 24, 2026) as surging oil prices and unabated foreign fund outflows unnerved investors. Weakness in IT stocks and a negative trend in global markets also weighed on investor sentiment
Bharat Coking Coal IPO Day 2: Should You Apply? Check Subscription Status, GMP Today
Bharat Coking Coal IPO Day 2: Should You Apply? Check Subscription Status, GMP Today
Bharat Coking Coal IPO GMP: The initial public offering (IPO) of Bharat Coking Coal Ltd, an arm of Coal India, is witnessing its second day of bidding today, Monday, January 12. The price band of the Rs 1,071.11-crore IPO has been fixed at Rs 21 and Rs 23. Till 10:10 am on the second day of bidding on Monday, the IPO received a total of 10.67x times subscription, garnering bids for 3,70,20,47,400 shares as against 34,69,46,500 shares on offer.
Its retail category got an 11.24x subscription, while its non-institutional investor (NII) quota got a 24.60x subscription. The qualified institutional buyer (QIB) category received a 0.32x subscription.
At the upper end of the price band, the issue is valued at about 9 times price-to-earnings and around 2 times price-to-book value, as per offer documents. The issue will raise Rs 1,071 crore from this offer for sale by Coal India.
Bharat Coking Coal IPO GMP Today
According to market observers, unlisted shares of Bharat Coking Coal Ltd are currently trading at Rs 33.6 apiece in the grey market, which is a 46.09 per cent premium over the IPO price of Rs 23. It indicates a strong listing. Its listing will take place on January 16, Friday.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium' indicates investors' readiness to pay more than the issue price.
Bharat Coking Coal IPO: Should You Subscribe?
Brokerages tracking the Bharat Coking Coal IPO have largely taken a favourable view, citing a sharp improvement in profitability and reasonable valuations at the upper end of the price band.
In its IPO valuation note, SBI Securities pointed out that the company has delivered revenue, EBITDA and profit after tax CAGRs of 4.6 per cent, 88.1 per cent and 36.6 per cent, respectively, during FY23–FY25. Going ahead, the brokerage highlighted the company's capacity expansion plans, which include increasing washery capacity to 20.65 million tonnes per annum from the current 13.65 MTPA through new washeries, along with the renovation of the Moonidih washery. The Moonidih unit's capacity is expected to double to 1.6 MTPA from 0.8 MTPA. At the upper price band of ₹23, SBI Securities said the issue is valued at a post-issue EV/EBITDA multiple of 6.4 times and recommended subscribing at the cut-off price, factoring in the growth outlook.
Deven Choksey Research also remains positive on the issue, even as it flagged operational challenges such as high ash content in coal and reliance on contractors. The brokerage believes these risks are partly offset by the government's strong push towards coal self-sufficiency, which provides a supportive backdrop for the business. It noted that revenue, EBITDA and PAT CAGRs stood at 4.6 per cent, 88.1 per cent and 36.6 per cent, respectively, over FY23–FY25. At the upper price band, Deven Choksey Research values the company at a post-issue EV/EBITDA multiple of 5.5 times, which it considers attractive given the company's scale and future prospects, and has recommended a subscribe rating.
Anand Rathi Research, meanwhile, said Bharat Coking Coal commands a strong position in its segment and is valued at 8.64 times its FY25 earnings at the upper end of the price band. According to the brokerage, the valuation reasonably reflects the company's consistent operating track record and healthy financial metrics, prompting it to recommend the IPO for potential listing gains.
Bharat Coking Coal IPO: More Details
According to the red herring prospectus (RHP), the maiden public issue is entirely an offer for sale (OFS) of 46.57 crore equity shares by Coal India.
The listing of BCCL is part of the government's broader divestment push in the coal sector, aimed at unlocking value in Coal India's subsidiaries and enhancing transparency through market discipline.
In its prospectus, the company stated that the IPO will help achieve the benefits of listing.
BCCL will make its stock market debut on January 16. The company said that half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
Last year, Central Mine Planning and Design Institute Ltd (CMPDIL), another wholly-owned arm of Coal India, had also filed its draft papers with Sebi for an IPO via the OFS route.
While BCCL is a coal-producing entity, CMPDIL serves as Coal India's technical and planning arm.
Bharat Coking Coal was the largest coking coal producer in India in fiscal 2025, according to a Crisil report. It produces various grades of coking coal, non-coking coal and washed coals for applications primarily in the steel and power industries.
The company was incorporated in 1972 to mine and supply coking coal concentrated in mines located at Jharia, Jharkhand and Raniganj, West Bengal coalfields.
The public sector firm has expanded operations significantly over the years, with coal production increasing from 30.51 million tonnes in fiscal 2022 to 40.50 million tonnes in fiscal 2025, which is an increase of 33 per cent. Its coal production stood at 15.75 million tonnes in the six months ended September 30, 2025, as compared to 19.09 million tonnes in the year-ago period.
The company operates a network of 34 operational mines, including 4 underground mines, 26 opencast mines, and 4 mixed mines as of September 30, 2025.
On the financial front, Bharat Coking Coal's revenues from operations stood at Rs 13,802 crore and profit of Rs 1,204 crore in FY25.
BCCL's issue comes against the backdrop of a blockbuster year for the primary market.
Swipe Left For Next Video
In 2025, companies raised a record nearly Rs 1.76 lakh crore through IPOs, buoyed by strong domestic liquidity, resilient investor sentiment and a supportive macroeconomic environment. This surpassed the Rs 1.6 lakh crore mobilised by 90 firms in 2024 and the Rs 49,436 crore raised by 57 companies in 2023.
Bharat Coking Coal Ltd (BCCL) on Thursday said it has mobilised over Rs 273 crore from anchor investors, a day before the opening of its initial public offering (IPO). Major anchor investors include Life Insurance Corporation of India, Bandhan Mutual Fund, Nippon India Mutual Fund and UTI Mutual Fund, according to a circular uploaded on the BSE's website.
Source: News18
Related Posts: Bharat Coking Coal IPO Allotment Finalised Bharat Coking Coal IPO To List Tomorrow Bharat Coking Coal IPO Opens Today Bharat Coking Coal IPO Opens January 9 Meesho IPO vs Vidya Wires IPO vs Aequs IPO — what GMP signals about these IPOs SECL eyes 7.5 million tonnes of coking coal India’s coking coal imports to jump 42% by 2030 on steel demand Groww IPO GMP Falls 75% Ahead Of Allotment Groww IPO GMP Recovers Slightly Ahead Of Listing IPO GMP, Allotment Status Today Live Updates
Kolkata saw inventory levels improve further, with unsold housing stock declining 7% to 19,062 units from 20,595 units a year earlier Kolkata recorded a 5% year-on-year rise in housing sales to 4,043 units in the first quarter of 2026, outperforming the broader Indian housing market where overall
48 minutes ago
Manchester City moved to the top of the Premier League table with a narrow 1-0 win over Burnley at Turf Moor, a result that also confirmed the hosts’ relegation on Wednesday. A fifth-minute strike from Erling Haaland proved decisive as City climbed above Arsenal on goals scored
48 minutes ago
Chennai Super Kings continue to be without MS Dhoni who is yet to attain full fitness after enduring a calf strain. Chennai Super Kings remain hopeful that MS Dhoni will feature for the franchise later this IPL season, despite already missing seven matches due to a calf strain
48 minutes ago
IIT Madras's SWAYAM plus launches 3 new AI courses for beginners, registration beginsIIT Madras's SWAYAM plus has launched three new AI courses for beginners. The registration process is underway and will close on May 10. Published on: Apr 24
48 minutes ago
Veteran actor Annu Kapoor is often known for voicing his opinions candidly, never shying away from sharing his thoughts on films, society, and the industry with his trademark honesty and wit. In 2025, he found himself at the centre of a controversy after commenting on Tamannaah Bhatia’s
48 minutes ago
Chhattisgarh: Forest dept rolls out action plan for conservation, livelihoods in BalodabazarChhattisgarh: Forest dept rolls out action plan for conservation, livelihoods in Balodabazar Published on: Apr 24, 2026 2:11 PM IST PTI Share via Copy link Raipur
48 minutes ago
West Bengal Elections BJP vs TMC: Political campaigns in West Bengal are creatively using fish and meat, staples of Bengali culture, to connect with voters. This strategy highlights the significant economic importance of the state's non-vegetarian food industry
48 minutes ago
A father and his toddler daughter have gone viral after sharing videos of their bike rides together, with heartwarming clips of their outings crossing millions of views online. Gareth Williams, 33, from Blaenau Gwent in Wales, began filming short clips of rides with his daughter Indie after
48 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Under ₹1000 but still cute: These 8 summer dresses prove budget can look chicLooking stylish doesn’t have to come with a heavy price tag. These dresses prove that under ₹1000
48 minutes ago
Singapore is transforming from East-West gateway to neutral ground for the AI sector, with Chinese startups hoping to operate beyond government reach while U.S. firms seek foreign talent without the headache of stricter visa regulations. The city-state
48 minutes ago
Odisha govt asks colleges, varsities to constitute internal committees under POSH ActThe Higher Edu Dept directed universities, colleges, and teacher education institutions to strictly adhere to the provisions of the POSH Act, or face action. Published on: Apr 24
48 minutes ago
Theegala, Rai make modest start in Zurich ClassicTheegala, Rai make modest start in Zurich Classic Published on: Apr 24, 2026 11:48 AM IST PTI Share via Copy link Avondale , Sahith Theegala and Aaron Rai, who are very close friends, made a modest start in the Zurich Classic
48 minutes ago
China's DeepSeek releases long-awaited new AI modelDeepSeek-V4, "features an ultra-long context", the company said in a statement on social media platform WeChat, hailing it as “world-leading.” Published on: Apr 24, 2026 1:31 PM IST AFP Share via Copy link Chinese startup DeepSeek released a
48 minutes ago
Near the Kremlin several dozen people are queuing outside the presidential administration office. They've come to submit petitions calling on President Vladimir Putin to end a crackdown on the internet. Russian authorities have been tightening control of the country's cyber space
48 minutes ago
AirPods Max 2 is Apple doubling down on a sharp formula of subtle refinementFive years after the original, the AirPods Max 2 keeps that divisive yet iconic design , but delivers important audio hardware upgrades that define renewed finesse Published on: Apr 24
48 minutes ago
![New Delhi [India], April 24 (ANI): Australian cricketing icons Matthew Hayden and Brett Lee extended birthday wishes to Indian master blaster Sachin Tendulkar](http://newsorbit360.com/files/news/en/imgs/the-man-who-became-cricket.webp?height=520)
New Delhi [India], April 24 (ANI): Australian cricketing icons Matthew Hayden and Brett Lee extended birthday wishes to Indian master blaster Sachin Tendulkar on his birthday. Sachin, perhaps the most technically flawless batter to live, with nearly every cricket record to his name
48 minutes ago
Restaurant Week India (RWI) is back this April after a decade out of circulation, but it returns to a dining culture that no longer needs an introduction. Running from April 24 to May 3 across Mumbai, Delhi-NCR, and Bengaluru, the 2026 edition brings together over 55 restaurants offering
48 minutes ago
A woman who was taking a toilet break while on a road trip in the Australian outback ended up getting stuck waist-deep in a pit latrine after it collapsed. She was "trapped in the sewage pit for approximately three hours, until [she was] rescued by a local tradesman who happened to be passing by
48 minutes ago
Akshay Kumar and Vidya Balan have officially kicked off the next schedule of their upcoming film with director Anees Bazmee, as the team heads to Kerala for an extensive shoot. The development was confirmed by Akshay himself, who shared a video on social media, giving fans a glimpse of the journey
48 minutes ago
The Uttarakhand Board of School Education (UBSE), Dehradun, is set to announce the Class 10 and Class 12 results on April 25. The UBSE board exams for 2026 were held across the state from February 21 to March 20, while practical exams were conducted between January 16 and February 15 at schools and
48 minutes ago
A US special forces soldier involved in the military operation that captured Nicolas Maduro has been arrested after he allegedly bet on the removal of Venezuela's former leader before the information was publicly available. The US Department of Justice (DOJ) has charged Gannon Ken Van Dyke after he
48 minutes ago
An Iranian Ship Tried to Slip the Blockade. A U.S. Destroyer Chased It Down.Hundreds of ghost-fleet vessels are playing a game of cat-and-mouse as the U.S. tries to lock down Iran’s oil trade and pressure it to accept Trump’s terms Published on: Apr 24
48 minutes ago
Marco Rubio has said that the Iranian footballers will be allowed to take part in this year’s FIFA World Cup 2026 as he distanced the U.S. government from a reported idea suggesting that Italy could replace Iran in the tournament. Speaking to reporters in the Oval Office
48 minutes ago
Who is Parminder Singh? Akash Ambani welcomes ex-Google MD as CEO of Reliance-Meta AI ventureParminder Singh was appointed as the CEO of REIL, a joint venture between Reliance Intelligence Limited and Facebook Overseas Inc. Published on: Apr 24
48 minutes ago
India is projected to have 313 billionaires and more than 25,200 ultra-high net worth individuals by 2031, according to a study by global property management firm Knight Frank. India currently has 207 billionaires and 19,877 ultra-high net worth individuals, the study showed
48 minutes ago
A strong El Nino is expected in the second half of 2026. This will bring hotter, drier weather to Asia. Crops and food supplies will be affected. Farmers face fertiliser shortages and high fuel costs. India anticipates below-average monsoon rains
48 minutes ago
Nita Ambani at TIME100 Gala ditches gowns, represents India in a saree and stunning pearl-diamond jewels | PICSAt the TIME100 gala, Nita Ambani wore an exquisite traditional saree showcasing Indian craftsmanship, paired with statement jewellery from her collection. Updated on: Apr 24
48 minutes ago
