Bharat Coking Coal IPO Shareholder Quota: Are You Eligible?

Great news for Investors as the first Mainboard IPO of 2026 is here!! Bharat Coking Coal Limited, a wholly owned subsidiary of Coal India Limited, is all set to make its debut in the primary market. The IPO is scheduled to open on January 9 and close on January 13, 2026.

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Bharat Coking Coal Limited (BCCL), incorporated in 1972, is one of the largest coking coal producers in India. As per the RHP, the IPO includes an Offer for Sale of up to 46.57 crore equity shares, with no fresh issue component.

THE BCCL is a PSU IPO backed by Coal India, which includes a separate reservation quota for the Coal India Limited shareholders, giving existing shareholders a chance to apply under a reserved category.

What is Shareholder Quota?

Shareholder quota means the reserved portion of an IPO kept specially for the existing shareholders who hold shares of its parent company. 

For eg, Bharat Coking Coal is launching its IPO with a shareholder category, and Coal India Limited is the parent company of the BCCL. Meaning if you have shares of Coal India Limited, then you are eligible to apply under the reserved shareholder quota. 

IPO Key Details: 

Anchor InvestorJanuary 8, 2026
IPO open dateJanuary 9, 2026
IPO Close dateJanuary 13, 2026
Issue Type 100% Book-built Issue 
Offer-for-Saleup to 46.57 crore equity shares
Retail Portion35%
Shareholder QuotaYes

Who is Eligible for the Shareholder Quota? 

To be able to apply for the IPO under the shareholder category, an investor must meet the following criteria. 

  • An investor holding at least 1 share of Coal India Limited can apply under the shareholder quota
  • Those who want to apply under the shareholder category must hold Coal India Ltd shares in their Demat account before the record date (T+1 rule), which is 1st January, 2026. 
  • Those who hold shares of Coal India Limited can apply in the shareholder quota. 
  • The shareholder quota is only available for Individual investors and HUF investors.
  • The maximum application amount under the shareholder category is ₹2,00,000.

How to Apply under the Shareholder Quota

Eligible Investors can apply for the Bharat Coking Coal IPO through an Online brokerage platform or a bank’s ASBA IPO application section.

  1. Log in to your trading account or online banking (ASBA) app.
  2. Go to the IPO, ASBA-IPO, or e-IPO section
  3. Select the Bharat Coking Coal Limited IPO from the list.
  4. In the investor type, choose the shareholder category
  5. Submit the IPO application after entering the required details, Lot size, price, and quantity. 

Tip: Investors who hold shares of Coal India Ltd can also apply under the retail, as well as under the Shareholder category, to maximize the chance of getting IPO allotment.  

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.

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