Bharat Coking Coal IPO Shareholder Quota Explained: How to Get Allotment

The Bharat Coking Coal Limited (BCCL) IPO is one of the most awaited PSU IPOs of 2026. Because of its low price band, high Grey Market Premium (GMP) and strong Coal India backing, demand is expected to be extremely high.

In such high-demand IPOs, applying randomly is usually not enough. To improve your chances, you must understand the retail category and the Coal India shareholder quota.

---

BCCL IPO Details (Price, Lot Size & Dates)

Particular	Details
Price Band	₹21 – ₹23 per share
Lot Size	600 shares (approx ₹13,800)
IPO Dates	9 January 2026 – 13 January 2026
Issue Type	Mainboard IPO (OFS)
Parent Company	Coal India Limited
Shareholder Quota	10%

---

Bharat Coking Coal IPO Shareholder Quota Explained

BCCL is a subsidiary of Coal India Limited (CIL). Hence, a dedicated portion of the IPO is reserved for eligible Coal India shareholders.

If you held even 1 share of Coal India in your demat account on the record date (2 January 2026), you are eligible for this quota.

Why Shareholder Quota Matters in BCCL IPO

• Higher allotment probability compared to retail lottery
• Proportionate allotment instead of pure random lottery
• Dual application allowed = Retail + Shareholder using same PAN

---

🔥 Bharat Coking Coal IPO GMP (Grey Market Premium) 🔥

---

How to Increase IPO Allotment Chances in BCCL IPO

Category	Best Strategy
Retail Investors	Apply for only 1 lot. If possible, apply using multiple family demat accounts. Multiple lots in one account will not improve chances in this category.
Shareholder Quota	Apply for 14 lots (maximum investment up to ₹2 lakh). For example, if shareholder subscription is 28×, your chances become 14/28 or 1 out of 2.
Bid Price	Always choose the Cut-off price to avoid application rejection.

---

Important Things to Remember Before Applying to BCCL IPO

• Retail allotment is lottery-based if oversubscribed
• Shareholder quota usually offers better allotment chances
• Coal India shares must be bought before record date (2nd Jan 2026)
• GMP changes daily and is not guaranteed, please review the fundamentals too

---

BCCL IPO Allotment FAQs

1. What is the shareholder quota in the BCCL IPO?

The BCCL IPO has a 10% shareholder quota reserved for eligible Coal India Limited (CIL) shareholders. Investors holding at least 1 share of Coal India on the record date are eligible to apply under this category.

2. What is the record date for Coal India shareholder eligibility in the BCCL IPO?

The record date to be eligible for the Coal India shareholder quota in the BCCL IPO is 2 January 2026. Investors must hold Coal India shares in their demat account before market close on this date.

3. Can I apply in both retail and shareholder quota for the BCCL IPO?

Yes. Eligible investors can apply in both the Retail and Shareholder categories using the same PAN, which effectively provides two separate chances of allotment in the BCCL IPO.

4. How does allotment work in the BCCL shareholder quota?

Allotment in the shareholder quota is generally done on a proportionate basis, unlike the pure lottery system used in retail. This means applying for more lots (up to the ₹2 lakh limit) can significantly improve allotment chances.

5. Does applying for multiple lots increase allotment chances in retail?

No. In the retail category, applying for more than one lot does not improve allotment chances, as allotment is lottery-based. The optimal strategy is to apply for only one lot per demat account.

6. Is the BCCL IPO GMP a reliable indicator for allotment or profit?

The GMP (Grey Market Premium) reflects unofficial market sentiment and possible listing gains, but it does not affect allotment chances and can change daily. You should also evaluate company fundamentals, PSU backing, and shareholder quota advantages.

Disclaimer: This article is for educational purposes only. Allotment depends on actual subscription levels.