Bharat Coking Coal IPO Date, Price Band, Lot Details

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: May Apply
• Rating: 4

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.

About Bharat Coking Coal

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.

Strengths 👍

• Bharat Coking Coal Limited is the largest producer of coking coal in India. As of April 1, 2024, the company has 791 million tonnes of coal resources, making it the primary source of coking coal production in India.
• The demand for coking coal in India is expected to rise significantly, increasing from 67 million metric tonnes in FY25 to 138 million metric tonnes by FY35.
• The strong parentage of Coal India Limited gives it a strategic technological and financial strength for sustainable growth.
• The company is almost debt-free.

Weakness👎

• The company has contingent liabilities of ₹4,930 crore, representing potential future obligations that may arise in the future and can affect the business, cash flow, and financial condition.
• BCCL generates 87% of its revenue from its top 10 customers, and losing any of its key customers can adversely affect the business, financial condition, and cash flow. 
• The IPO is entirely an Offer for Sale (OFS) with no fresh issue component, which means the proceeds will go to exiting shareholders and will not be used for the company’s growth.
• Other income of ₹598 crore comes from non-core activities.
• Debtor days have increased from 39.1 to 48.2 days.

IPO Reservation

Bharat Coking Coal IPO Anchor Investors

Anchor Bidding Date	January 8, 2026
Anchor Investors List
Shares Offered	11,87,53,500 Shares
Anchor Size	273.13 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 will be on January 16.

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.

Objects of the Issue & Utilisation of Proceeds

• NA

Bharat Coking Coal IPO Company Financial Report

Amount ₹ in Crores

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.

Peer Group Comparison

IPO Lead Managers aka Merchant Bankers

• IDBI Capital Markets Services Ltd.
• ICICI Securities Ltd.

BCCL IPO FAQs