Bharat Coking Coal Limited (BCCL), incorporated in 1972, is a wholly-owned subsidiary of Coal India Limited. The company is engaged in the production of coking coal, non-coking coal and washed coal, mainly catering to the steel and power industries.
Bharat Coking Coal IPO 2026 – Dates, Price Band, Issue Size, Review & Full Details
Book Building IPO | BSE & NSE | Coal India Subsidiary
IPO Snapshot
9 January 2026
13 January 2026
14 January 2026
16 January 2026 (Tentative)
₹21 – ₹23 per share
600 shares
₹1,071.11 Crore
Bookbuilding IPO (OFS)
Bharat Coking Coal IPO Key Details
| Particular | Details |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 46,57,00,000 shares (₹1,071 Cr) |
| Market Cap (Pre-IPO) | ₹10,711.10 Crore |
| Listing At | BSE, NSE |
| Employee Discount | ₹1 per share |
| Book Running Lead Managers | IDBI Capital Markets Services Ltd., ICICI Securities Ltd. |
| Registrar | Kfin Technologies Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Friday, 9 January 2026 |
| IPO Closes | Tuesday, 13 January 2026 |
| Allotment | Wednesday, 14 January 2026 |
| Refund Initiation | Thursday, 15 January 2026 |
| Shares Credited | Thursday, 15 January 2026 |
| Listing on BSE & NSE | Friday, 16 January 2026 |
IPO Lot Size & Investment Details
| Category | Lots | 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 | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
About Bharat Coking Coal Limited
Bharat Coking Coal Limited (BCCL), incorporated in 1972, is a wholly-owned subsidiary of Coal India Limited. The company is engaged in the production of coking coal, non-coking coal and washed coal, mainly catering to the steel and power industries.
As of September 30, 2025, BCCL operates 34 mines across Jharkhand and West Bengal. As of April 1, 2024, the company holds an estimated coking coal reserve of around 7,910 million tonnes and contributed 58.5% of India’s domestic coking coal production in FY25.
Competitive Strengths
- Largest coking coal producer in India
- Strong reserve base and strategic mine locations
- Backed by Coal India Limited
- Integrated mining and washery operations
- Consistent production growth track record
Financial Performance (₹ Crore)
| Particular | 30 Sep 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 6,311.51 | 14,401.63 | 14,652.53 | 13,018.57 |
| Profit After Tax | 123.88 | 1,240.19 | 1,564.46 | 664.78 |
| EBITDA | 459.93 | 2,356.06 | 2,493.89 | 891.31 |
| Net Worth | 5,830.89 | 6,551.23 | 5,355.47 | 3,791.01 |
| Total Assets | 18,711.13 | 17,283.48 | 14,727.73 | 13,312.86 |
Key Valuation Metrics (FY25)
| ROCE | 30.13% |
| RoNW | 20.83% |
| PAT Margin | 8.61% |
| EBITDA Margin | 16.36% |
| Price to Book Value | 1.63 |
| Post-IPO P/E | 43.23x |
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-67162222, 040-79611000
Email: bccl.ipo@kfintech.com
IPO Lead Manager(s)
- IDBI Capital Markets Services Ltd.
- ICICI Securities Ltd.
Lead Manager Reports include performance summary and lead manager performance tracker.
Company Contact Details
Bharat Coking Coal Limited
Koyla Bhawan, Koyla Nagar, Dhanbad, Jharkhand – 826005
Phone: 0326-2230190
Email: cos.bccl@coalindia.in
Frequently Asked Questions (FAQ)
What is the Bharat Coking Coal IPO date?
The Bharat Coking Coal IPO opens on 9 January 2026 and closes on 13 January 2026.
What is the price band of Bharat Coking Coal IPO?
The price band of Bharat Coking Coal IPO is ₹21 to ₹23 per share.
What is the lot size of Bharat Coking Coal IPO?
The minimum lot size is 600 shares for retail investors.
What is the issue size of Bharat Coking Coal IPO?
The total issue size is ₹1,071.11 crore and the issue is entirely an offer for sale.
When will Bharat Coking Coal IPO allotment be finalised?
The allotment is expected on 14 January 2026.
When will Bharat Coking Coal IPO list?
The IPO is expected to list on BSE and NSE on 16 January 2026.
Who is the registrar for Bharat Coking Coal IPO?
Kfin Technologies Ltd. is the registrar of the issue.
Who are the promoters of Bharat Coking Coal Limited?
The promoters are the President of India acting through the Ministry of Coal and Coal India Limited.