Bharat Coking Coal IPO
GMP, Subscription, Price, Dates & Financial Details
Industrials Gases & Fuels
Bharat Coking Coal Limited (BCCL) was incorporated in 1972 and is engaged in the mining and production of coking coal, non-coking coal, and washed coal. The company is a wholly owned subsidiary of Coal India Limited (CIL).As of March 31, 2025, BCCL operates a total of 32 mines, comprising 25…
Open Date
Fri, 09 Jan 2026
Close Date
Tue, 13 Jan 2026
Price Band
₹ 21 – 23
Lot Size
600
Issue Size
₹ 1,071.11 Cr
Minimum Investment
₹ 13,800 (600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Bharat Coking Coal IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹1,071 Crore and an offer for sale (OFS) of 46.57 Crore equity shares aggregating to ₹10,711.10 Crore by the existing shareholders.
The Bharat Coking Coal IPO remained open for subscription from January 09, 2026, to January 13, 2026. The basis of allotment was finalized on January 14, 2026, and the company's shares were listed on the NSE and BSE on January 19, 2026.
The company had fixed the price band at ₹21 to ₹23 per share, with a lot size of 600 shares. Retail investors were required to make a minimum investment of ₹13,800 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 23,285,000 equity shares for eligible employees, who received a discount of ₹1 per share.
KFin Technologies Limited served as the registrar to the issue. ICICI Securities Limited, and Idbi Capital Market Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Bharat Coking Coal Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Bharat Coking Coal IPO Timeline (Tentative)
- IPO Open Date
- Fri, 09 Jan 26
- IPO Close Date
- Tue, 13 Jan 26
- Basis of Allotment
- Wed, 14 Jan 26
- Initiation of Refunds
- Thu, 15 Jan 26
- Credit of Shares to Demat
- Thu, 15 Jan 26
- Listing Date
- Mon, 19 Jan 26 — NSE & BSE
Open Date
09 January 2026
Close Date
13 January 2026
Basis Of Allotment
14 January 2026
Listing Date
19 January 2026
IPO Subscription
Check Live Subscription →The Bharat Coking Coal IPO has received bids for 50,95,55,58,000 shares against 34,69,46,500 shares offered, resulting in an overall subscription of 146.87x. the NII category is subscribed 258.16x, Retail Investors 49.33x, Employees 5.18x, and QIBs 310.81x. Within the NII category, BNII is subscribed 275.64x, while SNII is subscribed 223.2x.
QIB
310.81x
NII
258.16x
BNII
275.64x
SNII
223.2x
RII
49.33x
EMP
5.18x
Total
146.87x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 13,85,45,750 shares, representing 39.93% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,91,69,000 shares (22.82%), while Non-Institutional Investors (NIIs) receive 5,93,76,750 shares (17.11%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 79,169,000 | 22.82% |
| Non-Institutional | 59,376,750 | 17.11% |
| BNII | 39,584,500 | 11.41% |
| SNII | 19,792,250 | 5.7% |
| Retail Investors | 138,545,750 | 39.93% |
| Employees | 23,285,000 | 6.71% |
| Shareholder Category | 46,570,000 | 13.42% |
| Total | 346,946,500 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 18711.13 | 17283.48 | 14727.73 | 13312.86 |
| Revenue | 6311.51 | 14401.63 | 14652.53 | 13018.57 |
| Profit After Tax | 123.88 | 1240.19 | 1564.46 | 664.78 |
| Net Worth | 5830.89 | 6551.23 | 5355.47 | 3791.01 |
| Reserve & Surplus | 1006.52 | 1805.73 | 664.72 | -853.1 |
| Total Borrowings | 1559.13 | 0 | 0 | 0 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Bharat Coking Coal Limited KPI Information
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROCE % | 0 | 30.13 | 47.2 | 16.56 |
| RoNW % | 13.12 | 20.83 | 34.21 | 19.22 |
| Pat Margin % | 1.96 | 8.61 | 10.68 | 5.11 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Bharat Coking Coal Ltd | 10 | 0 | 2.66 | 2.66 | 20.83 | 14.07 |
| Alpha Metallurgical Resources, Inc | 0.01 | 14.87 | 1233.78 | 1222.65 | 11.48 | 11182.1 |
| Warrior Met Coal, Inc. | 0.01 | 19.44 | 410.12 | 410.12 | 12.82 | 3423.71 |
About Bharat Coking Coal Limited
Bharat Coking Coal Limited (BCCL) was incorporated in 1972 and is engaged in the mining and production of coking coal, non-coking coal, and washed coal. The company is a wholly owned subsidiary of Coal India Limited (CIL).
As of March 31, 2025, BCCL operates a total of 32 mines, comprising 25 opencast mines, 3 underground mines, and 4 mixed mines.
Coking coal is the company’s primary product, mainly supplied to the steel and power industries. As of April 1, 2024, BCCL holds an estimated coking coal reserve of approximately 7,910 million tonnes. During Fiscal 2025, the company contributed 58.50% of India’s total domestic coking coal production, highlighting its strategic importance in the sector.
BCCL’s mining operations are located in the Jharia Coalfield in Jharkhand and the Raniganj Coalfield in West Bengal, covering a total leasehold area of 288.31 square kilometers.
The company undertakes both opencast and underground mining operations and operates multiple coal washeries. Its business activities also include:
- Monetisation of idle washeries under the Washery Developer and Operator (WDO) model
- Reopening of discontinued underground mines through the Mine Developer and Operator (MDO) model
- Monetisation of solar power projects through captive consumption and grid injection
BCCL’s coal production increased steadily from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal.
Bharat Coking Coal IPO Promoters
- Coal India Limited
- President of India, acting through the Ministry of Coal, Government of India
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
90.00%
Bharat Coking Coal IPO Objective
The objects of the Offer are to
(i) to carry out the Offer for Sale of up to 465,700,000 Equity Shares of face value of ₹10 each of our Company by the Promoter Selling Shareholder aggregating up to ₹ [●] million;
(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Bharat Coking Coal Limited Address / Contact Details
Bharat Coking Coal Limited
Koyla Bhawan,
Koyla Nagar
Dhanbad, Jharkhand, 826005
Phone: 0326-2230190
Email: cos.bccl@coalindia.in
Website: http://www.bcclweb.in/
IPO Snapshot
Bharat Coking Coal IPO Lot Size
The Bharat Coking Coal IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹13,800 by applying for 1 lot (600 shares). The maximum application allowed for the retail category is 14 lots (8,400 shares), requiring an investment of ₹1,93,200.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 13,800.00 |
| Retail (Max) | 14 | 8,400 | 193,200.00 |
| S-HNI (Min) | 15 | 9,000 | 207,000.00 |
| S-HNI (Max) | 72 | 43,200 | 993,600.00 |
| B-HNI (Min) | 73 | 43,800 | 1,007,400.00 |
Issue Reservation
- QIB — 22.82%
- NII — 17.11%
- RII — 39.93%
- EMP — 6.71%
- SHR — 13.42%
Book Running Lead Managers
- ICICI Securities Limited
- Idbi Capital Market Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Bharat Coking Coal IPO?
Bharat Coking Coal IPO is a Book-building IPO with a total issue size of ₹1071.11 crore. The Bharat Coking Coal IPO price band is ₹21 to 23 per share. The Bharat Coking Coal IPO subscription opens on Fri, Jan 9, 2026, and closes on Tue, Jan 13, 2026. The Bharat Coking Coal IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Bharat Coking Coal IPO.
When will the Bharat Coking Coal IPO open for subscription?
The Bharat Coking Coal IPO opens on Fri, Jan 9, 2026 and closes on Tue, Jan 13, 2026
What is Bharat Coking Coal IPO Price Band?
Bharat Coking Coal IPO Price Band is ₹21 to 23 per share.
What is Bharat Coking Coal IPO Lot Size?
Bharat Coking Coal IPO lot size is 600 shares, Retail investors need a minimum investment of ₹13800 based on the upper price band
What is the minimum investment for Bharat Coking Coal IPO?
The minimum investment for Bharat Coking Coal IPO is ₹13800, based on one lot of 600 shares at the upper price band of ₹23 per share.
How to apply for Bharat Coking Coal IPO?
Investors can apply for the Bharat Coking Coal IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jan 13, 2026. The application amount remains blocked until the Bharat Coking Coal IPO allotment is finalized.
What is Bharat Coking Coal IPO Issue Size?
Bharat Coking Coal IPO issue size is ₹1071.11 crores.
What is the Bharat Coking Coal IPO Allotment Date?
Bharat Coking Coal IPO allotment date is Wed, Jan 14, 2026.
Who is the Bharat Coking Coal IPO Registrar?
The registrar for Bharat Coking Coal IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Bharat Coking Coal IPO allotment status, refund processing, and other IPO-related information.
What is the Bharat Coking Coal IPO GMP?
The Bharat Coking Coal IPO GMP (Grey Market Premium) is ₹13 as of Sat, Jan 3, 2026. Based on the upper price band of ₹23 per share, the estimated Bharat Coking Coal IPO listing price is ₹36, indicating a potential listing gain of approximately 56.52% over the issue price.
Who is the Bharat Coking Coal IPO Lead Manager?
The book-running lead managers (BRLMs) for the Bharat Coking Coal IPO are Idbi Capital Market Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Bharat Coking Coal IPO Red Herring Prospectus (RHP).