How to Get IPO Allotment in Bharat Coking Coal (BCCL) IPO
The Bharat Coking Coal Limited (BCCL) IPO is one of the most awaited PSU IPOs of 2026. Because of its low price band and strong Coal India backing, demand is expected to be very strong.
In such IPOs, applying randomly is usually not enough. To improve your chances, you need to clearly understand the retail category and the Coal India shareholder quota.
Bharat Coking Coal IPO Details: Price Band, Lot Size & Dates
| Particular | Details |
|---|---|
| IPO 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 |
Bharat Coking Coal IPO GMP (Grey Market Premium)
The BCCL IPO GMP is currently trading at very strong levels, showing strong demand in the grey market. A high GMP usually indicates strong gains on the listing day.
📈 Latest GMP: ₹16.00 (~69.57%)
📊 Estimated Listing Profit: ₹9,600 per lot
Note: GMP is unofficial and can change daily. It should be used only as a market sentiment indicator.
Coal India Shareholder Quota in BCCL IPO
BCCL is a subsidiary of Coal India Limited (CIL). Because of this, a separate portion of the IPO is reserved for eligible Coal India shareholders.
If you hold even 1 share of Coal India in your demat account on the record date (2 January 2026), you become eligible for this quota.
Why Shareholder Quota Is Important
- Better allotment chances: Shareholder quota is usually less crowded than retail.
- Proportionate allotment: Unlike retail lottery, this category generally follows proportionate allotment.
- Double opportunity: You can apply in both Retail and Shareholder categories using the same PAN.
How to Increase IPO Allotment Chances in BCCL IPO
| Category | Best Strategy |
|---|---|
| Retail Investors | Apply for 1 lot only. If possible, apply from multiple family demat accounts. Applying multiple lots from one account does not improve chances. |
| Shareholder Quota | Apply for maximum amount allowed (up to ₹2 lakh). Higher application size improves proportionate allotment chances. |
| Bid Price | Always select the Cut-off Price. Lower bids are usually rejected. |
Important Points Before Applying
- Retail allotment is done via lottery if IPO is oversubscribed
- Shareholder quota generally offers better chances for allotment
- Coal India shares must be bought before 2 January 2026
- GMP can change daily so please never rely on it alone
BCCL IPO Allotment FAQs
1. How can I increase my chances of allotment in the BCCL IPO?
To improve allotment chances in the BCCL IPO, retail investors should apply for only one lot at the cut-off price. Eligible Coal India shareholders should apply under the shareholder quota, which generally offers better odds compared to the retail category.
2. Who is eligible for the Coal India shareholder quota in the BCCL IPO?
Any investor holding at least 1 share of Coal India Limited in their demat account on the record date (2 January 2026) is eligible to apply under the shareholder quota in the BCCL IPO.
3. Can I apply in both retail and shareholder quota for the BCCL IPO?
Yes. Eligible investors can apply in both the Retail and Coal India Shareholder categories using the same PAN, effectively giving them two chances of allotment in the BCCL IPO.
4. Is allotment in the shareholder quota better than retail in the BCCL IPO?
Generally, yes. The shareholder quota is usually less crowded and often follows proportionate allotment, whereas retail allotment is done through a lottery system if the issue is oversubscribed.
5. Does applying for multiple lots improve IPO allotment chances?
No. In the retail category, applying for more than one lot does not improve allotment chances. A single valid application has the same probability as multiple-lot applications.
6. Should I rely on GMP while applying for the BCCL IPO?
No. GMP reflects unofficial market sentiment and can change daily. Investors should focus on company fundamentals, PSU backing, shareholder quota benefits, and risk factors rather than relying on GMP alone.
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Using the shareholder quota could be an easy way to get the allotment in the BCCL IPO.
Disclaimer: This article is for educational purposes only. Allotment depends on actual subscription.