Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, experienced a highly successful debut on the Indian stock exchanges, BSE and NSE, on Monday, January 19, 2026. The shares listed at a substantial premium of nearly 96-97% over the issue price of ₹23 per share, opening at ₹45 on the National Stock Exchange and ₹45.21 on the Bombay Stock Exchange. This strong performance significantly surpassed the Grey Market Premium (GMP) indications reported a day earlier, which suggested a potential listing gain of approximately 54%. The original article from The Economic Times, published on January 18, 2026, accurately reported the prevailing GMP predicting a 54% pop ahead of the listing scheduled for the following day. While the article's reporting of the GMP at that specific time was factual, the actual market debut exceeded these pre-listing expectations. The IPO, a book-built issue worth ₹1,071.11 crores, was entirely an Offer for Sale of 46.57 crore equity shares. It garnered an overwhelming response from investors, being subscribed a massive 146.87 times overall. The Qualified Institutional Buyers (QIB) portion was subscribed 310.81 times, Non-Institutional Investors (NII) 258.16 times, and Retail Individual Investors (RII) 49.33 times. The listing date, initially set for January 16, 2026, was postponed to January 19, 2026, due to a trading holiday on January 15 for Maharashtra municipal elections. This blockbuster listing for BCCL, a major coking coal producer in India, marked one of the most heavily subscribed PSU offerings in recent memory.