Bharat Coking Coal IPO is a book build issue of 46,57,00,000 shares [₹1,071.11 crore]. The issue is a combination of a offer for sale of 46,57,00,000 shares [₹1,071.11 crore].
The Bharat Coking Coal IPO will open on January 09, 2026, and close on January 13, 2026. The price band for the IPO is fixed at ₹21 to ₹23 per share. The minimum application size is 1 lot [600 shares], requiring a retail investor to invest at least ₹13,800 [based on the upper price band].
Bharat Coking Coal IPO Details
| Open Date | January 09, 2026 |
| Close Date | January 13, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10 Equity Share |
| Price Band | ₹21 – ₹23 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹1,071.11 Cr. [46,57,00,000 Shares] |
| Fresh Issue | Not Applicable |
| Offer For Sale | ₹1,071.11 Cr. [46,57,00,000 Shares] |
| Prospectus | DRHP | RHP | Anchor Investors |
Bharat Coking Coal IPO Reservation
A total of 46,57,00,000 shares are on offer in the Bharat Coking Coal IPO, of which 23,28,50,000 shares have been allotted to QIBs, 6,98,55,000 sharea to NIIs, and 16,29,95,000 shares to RIIs.
| Category | Reservation | Shares Offered |
|---|---|---|
| QIBs | 50.00% | 23,28,50,000 |
| NIIs | 15.00% | 6,98,55,000 |
| RIIs | 35.00% | 16,29,95,000 |
| Total | 100.00% | 46,57,00,000 |
Bharat Coking Coal IPO Market Lot
Retail investors can apply for the Bharat Coking Coal IPO with a minimum of 1 lot of 600 shares for an application amount of ₹13,800 and a maximum of 14 lots of 8,400 shares for an amount of ₹1,93,200.
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 600 | 13,800 |
| Retail Maximum | 14 | 8,400 | ₹1,93,200 |
| S-HNI Minimum | 15 | 9,000 | ₹2,07,000 |
| S-HNI Maximum | 72 | 43,200 | ₹9,93,600 |
| B- HNI Minimum | 73 | 43,800 | ₹10,07,400 |
Key Performance Indicator
| KPI [March 31, 2025] | Value |
| Market Capitalisation | ₹10,711.10 Crore |
| P/E Ratio | 8.64x |
| EPS | ₹2.66 |
| ROE | — |
| ROCE | 30.13% |
| RoNW | 20.83% |
| Dept/Equity | — |
| EBITDA Margin | 16.36% |
| PAT Margin | 8.61% |
| Net Assets Value | ₹14.07 |
| Price To Book Value | ₹1.63 |
Bharat Coking Coal IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Alpha Metallurgical Resources Inc | 14.87x | ₹1,233.78 | 11.48% | ₹11,182.10 |
| Warrior Met Coal, Inc | 19.44x | ₹410.12 | 12.82% | ₹3,423.71 |
Bharat Coking Coal IPO Dates
Bharat Coking Coal IPO open for subscription January 09, 2026, and close date on January 13, 2025. The allotment will be finalized on January 14, 2026, and the IPO listing on January 16, 2026.
| Anchor Bid Date | January 08, 2026 |
| Open Date | January 09, 2026 |
| Close Date | January 13, 2026 |
| Allotment Date | January 14, 2026 |
| Refund Date | January 15, 2026 |
| Share Credit Date | January 15, 2026 |
| Listing Date | January 16, 2026 |
Bharat Coking Coal Limited Company Financial Report
Bharat Coking Coal Limited income grew by —% and profit after tax grew by —% between the financial years ending March 31, 2025 and March 31, 2024.
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves And Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2025 | ₹17,283.48 Cr. | ₹14,401.63 Cr. | ₹12,698.74 Cr. | ₹6,551.23 Cr. | ₹1,240.19 Cr. | ₹2,356.06 Cr. | ₹1,805.73 Cr. | ₹- Cr. |
| March 2024 | ₹14,727.73 Cr. | ₹14,652.53 Cr. | ₹12,560.86 Cr. | ₹5,355.47 Cr. | ₹1,564.46 Cr. | ₹2,493.89 Cr. | ₹664.72 Cr. | ₹- Cr. |
| March 2023 | ₹13,312.86 Cr. | ₹13,018.57 Cr. | ₹12,488.38 Cr. | ₹3,791.01 Cr. | ₹664.78 Cr. | ₹891.31 Cr. | ₹-853.10 Cr. | ₹- Cr. |
Company Promoters
- President of India
- Ministry of Coal
- Government of India
- Coal India Limited
| Holding Pre Issue | 100.00% | 4,65,70,00,000 Shares |
| Holding Post Issue | 90.00% | 4,65,70,00,000 Shares |
Bharat Coking Coal IPO Lead Managers
- IDBI Capital Markets & Securities Limited
- ICICI Securities Limited
Bharat Coking Coal IPO Registrar
KFin Technologies Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana, India
Telephone: +91 40 6716 2222/18003094001
E-mail: bccl.ipo@kfintech.com
Website: https://www.kfintech.com/
Note: Check Bharat Coking Coal IPO Allotment Status Visit IPO Investors Allotment Page And Search Your Registrar IPO Allotment Status Link. Click Here…
About Bharat Coking Coal Limited
Bharat Coking Coal Limited (BCCL), incorporated in 1972, is one of India’s key coal mining companies with a primary focus on the production of coking coal. The company operates as a wholly owned subsidiary of Coal India Limited, which provides it with strong institutional backing, operational expertise, and long-term strategic support. Over the decades, BCCL has played a critical role in meeting the coal requirements of India’s core industries, particularly steel manufacturing.
As of September 30, 2025, BCCL operates an extensive mining network comprising 34 operational mines. These include four underground mines, 26 opencast mines, and four mixed mines. This diversified mining structure allows the company to optimize production while effectively managing geological and operational challenges. The combination of underground and opencast mining enhances flexibility and ensures continuity of coal supply.
Coking coal is the company’s primary product and serves as an essential input for the steel and power sectors. As of April 1, 2024, BCCL holds estimated coking coal reserves of approximately 7,910 million tonnes, providing strong long-term visibility for operations. In Fiscal 2025, the company contributed about 58.50% of India’s total domestic coking coal production, reinforcing its position as the largest coking coal producer in the country.
BCCL’s mining activities are concentrated in two of India’s most coal-rich regions—Jharia coalfield in Jharkhand and Raniganj coalfield in West Bengal. The company’s total leasehold area spans around 288.31 square kilometers. These strategically located coalfields are known for their high-quality coking coal deposits, offering BCCL a sustained resource advantage.
Beyond coal extraction, BCCL has diversified its operations to improve efficiency and asset utilization. The company operates coal washeries to enhance coal quality and is actively monetizing idle washeries through the Washery Developer and Operator (WDO) model. It is also reopening discontinued underground mines using the Mine Developer and Operator (MDO) model. In addition, BCCL is monetizing solar power projects through self-consumption and grid injection, reflecting a gradual shift toward energy efficiency and sustainability.
BCCL has demonstrated consistent growth in coal production over recent years. Total coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. During Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal, highlighting its strong operational execution and ability to meet rising demand.
BCCL’s competitive advantages include its leadership position as India’s largest producer of coking coal and access to substantial reserves. Its mines are strategically located and supported by large coal washeries, enabling efficient processing and quality enhancement. The company is well positioned to benefit from the growing demand for coking coal driven by India’s expanding steel sector. Strong parentage from Coal India Limited and a consistent track record of operational and financial growth further strengthen BCCL’s long-term outlook.
Objects Of The Issue
- N/A
Company Address
Bharat Coking Coal Limited
Koyla Bhawan, Koyla Nagar,
Dhanbad, Jharkhand, India – 826005
Telephone: 0326-2230190
Email: cos.bccl@coalindia.in
Website: http://www.bcclweb.in/
Bharat Coking Coal IPO FAQs
What is Bharat Coking Coal IPO?
Bharat Coking Coal IPO is a MainBoard IPO of 46,57,00,000 equity shares of the face value of ₹10 aggregating up to ₹1,071.11 Crores. The IPO issue priced at ₹21 to ₹23 per share.
What are the open and close dates of the Bharat Coking Coal IPO?
The IPO will open on January 09, 2026 and will close on January 13, 2026.
What is the price band for Bharat Coking Coal IPO?
The price band for the IPO is fixed at ₹21 to ₹23 per share.
What is the issue size of the Bharat Coking Coal IPO?
The total issue size of the IPO is ₹1,071.11 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Bharat Coking Coal IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 600 Shares with ₹13,800 amount while the maximum bid is 14 Lot, 8,400 shares with ₹1,93,200 for the IPO.
What is Bharat Coking Coal IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the basis of allotment for the Bharat Coking Coal IPO be finalized?
The the IPO allotment is expected to be finalized on January 14, 2026.
When will the shares of Bharat Coking Coal IPO get listed?
The IPO shares are expected to be listed on the BSE and NSE on January 16, 2026.
Is the Bharat Coking Coal IPO a good investment?
Investment decisions depend on an individual’s financial goals and risk profile. It is advised to consult with a SEBI-registered financial advisor before making any investment decision.
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| Bharat Coking Coal IPO GMP |
| Bharat Coking Coal IPO Subscription |
| Bharat Coking Coal IPO Allotment |
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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