Bharat Coking Coal – IPO
Bharat Coking Coal – IPO Details
| IPO Date | January 9, 2026 to January 13, 2026 |
| Listing Date | January 16, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 21 to ₹ 23 / Share |
| Lot Size | 600 Shares |
| Total Issue Size | 46,57,00,000 shares (Aggregating up to ₹1,071 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | ₹1.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,65,70,00,000 shares |
| Share holding post issue | 4,65,70,00,000 shares |
| Market Maker portion |
Bharat Coking Coal Timeline (Tentative Schedule)
Bharat Coking Coal IPO opens on January 9, 2026, and closes on January 13, 2026.
| IPO Open Date | January 9, 2026 |
| IPO Close Date | January 13, 2026 |
| Basis of Allotment | January 14, 2026 |
| Initiation of Refunds | January 15, 2026 |
| Credit of Shares to Demat | January 15, 2026 |
| Listing Date | January 16, 2026 |
| Cut-off time for UPI mandate confirmation | January 13, 2026 |
Bharat Coking Coal IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | Rs.13,800 |
| Retail (Max) | 14 | 8,400 | Rs.193,200 |
| S-HNI (Min) | 15 | 9,000 | Rs.207,000 |
| S-HNI (Max) | 72 | 43,200 | Rs.993,600 |
| B-HNI (Min) | 73 | 43,800 | Rs.1,007,400 |
| HNI (Min) |
Bharat Coking Coal IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 90% |
Bharat Coking Coal IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% |
|
| NII (HNI) Shares Offered | Not less than 15.00% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Bharat Coking Coal IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Bharat Coking Coal
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal. The company is a wholly-owned subsidiary of Coal India Limited.
As of September 30, 2025, the company operates a network of 34 operational mines, including four underground, 26 opencast, and four mixed mines.
The company's primary product is coking coal, catering to the steel and power industries. As of April 1, 2024, BCCL has an estimated coking coal reserve of approximately 7,910 million tonnes. In Fiscal 2025, BCCL accounted for 58.50% of the total domestic coking coal production in India.
The company operates across Jharia, Jharkhand, and Raniganj, West Bengal, covering a total leasehold area of 288.31 square kilometres.
The company's operations include opencast and underground mining projects, coal washeries, monetisation of idle washeries through the Washery Developer and Operator (WDO) model, reopening discontinued underground mines through the Mine Developer and Operator (MDO) model, and solar power project monetisation through self-consumption and grid injection.
The company's coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal.
Competitive Strenghts
- Largest coking coal producer in India with access to large reserves.
- Strategically located mines with large washeries.
- Well-positioned to capitalise on demand for coking coal in India.
- Strong parentage of Coal India Limited.
- Consistent track record of growth and financial performance.
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 30.13% |
| Debt/Equity | |
| RoNW | 20.83% |
| P/BV | 1.63 |
| PAT Margin (%) | 8.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.66 | 0.53 |
| P/E (x) | 8.64 | 43.23 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 202,5 available in RHP.
Objects of the Issue (Bharat Coking Coal IPO Objectives)
Bharat Coking Coal Contact Details
Bharat Coking Coal Ltd. Koyla Bhawan, Koyla Nagar Dhanbad, Jharkhand, 826005
|
Bharat Coking Coal IPO Registrar
Kfin Technologies Ltd.
|