Shares of Bharat Coking Coal Ltd. are in focus on Wednesday, April 15, as their three-month shareholder lock-in period ends in today's trading session. According to Nuvama Alternative & Quantitative Research, 59.4 million shares or 1% of its outstanding equity becomes eligible to trade from today. As reported by CNBC TV18, the end of the lock-in period does not mean all shares will be sold in the open market, but they only become eligible to be traded.
Based on Monday's closing price, the value of the shares that become eligible to trade on Wednesday is worth nearly ₹194 crore. The stock had listed on the exchanges on January 19, 2026, at around ₹45 apiece, representing a premium of 95.65% in comparison to its issue price of ₹23 on the NSE. As reported by CNBC TV18, while the stock is now down 28.5% from its listing price, it is still 42% above its issue price.
The IPO was the second most-subscribed PSU issue on record, with the ₹1,071 crore issue subscribed 146.8 times overall, including bids for 5,093 crore shares against 34.69 crore on offer, according to NSE data as reported by CNBC TV18. The Coal India subsidiary's listing marked a significant milestone in the PSU sector's recent IPO activity.
Recently, Bharat Coking Coal reported a 2% increase in raw coal production in March 2026 to 4.42 million tonne (MT) as per its provisional monthly performance data, as reported by CNBC TV18. Its coking coal production was up 3.6% to 4.22 MT from 4.07 MT in March last year. However, non-coking coal production was down 22.9% to 0.2 MT from 0.26 MT in the year-ago period.
Shares of Bharat Coking Coal ended the previous session 0.3% lower at ₹32.65 apiece and have declined 5.3% in the past month and 19.5% this year, according to CNBC TV18. The stock's performance reflects broader market conditions and investor sentiment toward the coal sector, with the current trading levels still above the issue price despite recent volatility.
