Bharat Coking Coal IPO Details
| IPO Open Date | January 9, 2026 |
| IPO Close Date | January 13, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹21 to ₹23 Per Share |
| Issue Size | Approx ₹1,071 Crores |
| Offer for Sale: | Approx 46,57,00,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
BCCL IPO Review & Key Points
- Review:
Bharat Coking Coal IPO Market Lot
The Bharat Coking Coal IPO minimum market lot is 600 shares with ₹13,800 application amount. The retail investors can apply up-to 13 lots with 8,400 shares of ₹1,93,200 amount.
| Application | Lot Size | 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 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
| Shareholder Quota Offers | – Shares | -% |
Bharat Coking Coal IPO Anchor Investors
| Anchor Bidding Date | January 8, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | February 13, 2026 |
| lock-in period end date 50% shares (90 Days) | April 14, 2026 |
Bharat Coking Coal IPO Dates
The Bharat Coking Coal IPO date is January 9, and the close date is January 13. The Bharat Coking Coal IPO allotment will be finalized on January 14, and the IPO listing on January 16.
| IPO Open Date: | January 9, 2026 |
| IPO Close Date: | January 13, 2026 |
| Basis of Allotment: | January 14, 2026 |
| Refunds: | January 15, 2026 |
| Credit to Demat Account: | January 15, 2026 |
| IPO Listing Date: | January 16, 2026 |
| IPO Bidding Cut-off Time: | January 13, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are the President of India, Acting Through The Ministry of Coal, Government of India And Coal India Limited. Details Of The Offer to the Public.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 4,65,70,00,000 | 100% |
| Promoter Holding Post Issue | 4,65,70,00,000 | 90% |
Objects of the Issue & Utilisation of Proceeds
- NA
About Bharat Coking Coal IPO
Bharat Coking Coal Limited (BCCL), established in 1972, is one of the leading companies that mine and supply coking coal, non-coking coal, and washed coal. In 2014, the company received Mini Ratna status in the supply of coking coal serving the steel and power industries. The company runs its business with mines located at Jharia, Jharkhand, and Raniganj, West Bengal coalfields. Moreover, the company runs 32 mines, including 25 opencast, 3 underground, and 4 mixed mines as of March 31, 2025.
In FY25, the company’s coal production increased to 40.50 million tonnes. Furthermore, in FY25, the company has produced nearly 58.5% of India’s domestic coking coal. They operate their business with open and underground mines, coal washeries, reopening discontinued underground mines, and coal washeries that are stopped or lying unused for some time.
Bharat Coking Coal IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹13,018.57 | ₹12,488.38 | ₹664.78 | ₹13,312.86 |
| 2024 | ₹14,652.53 | ₹12,560.86 | ₹1,564.46 | ₹14,727.73 |
| 2025 | ₹14,401.63 | ₹12,698.74 | ₹1,240.19 | ₹17,283.48 |
| Sep 2025 | ₹6,311.51 | ₹6,112.17 | ₹123.88 | ₹18,711.13 |
Bharat Coking Coal IPO Valuation – FY2025
Check Bharat Coking Coal IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 20.83% |
| ROCE: | 30.13% |
| EBITDA Margin: | 16.36% |
| PAT Margin: | 8.61% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹2.66 (Basic) |
| Price/Earnings P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.83% |
| Net Asset Value (NAV): | ₹14.07 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Alpha Metallurgical Resources, Inc | 1,233.78 | 14.87 | 11.48% | 11,182.10 | 25,320.27 Cr. |
| Warrior Met Coal, Inc. | 410.12 | 19.44 | 12.82% | 3,423.71 | 13,058.93 Cr. |
IPO Lead Managers aka Merchant Bankers
- IDBI Capital Markets Services Ltd.
- ICICI Securities Ltd.
Company Address
Bharat Coking Coal Limited.
Koyla Bhawan, Koyla Nagar,
Dhanbad Jharkhand,
India – 826005
Phone: 0326-2230190
Email: [email protected]
Website: https://bcclweb.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
BCCL IPO FAQs
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Note: The Bharat Coking Coal IPO price band and date are officially announced. The (Bharat Coking Coal IPO grey market premium) will be added to the IPO GMP page as it will start).
2 Responses
ANY CATEGORY FOR COAL INDIA SHARE HOLDERS
Coal India share holders can apply in Retail and Share Holder cateogry both.