Bharat Coking Coal IPO Price: ₹21 to ₹23 per share
IPO Dates: 9th January 2026 – 13th January 2026
Company Overview
Bharat Coking Coal Limited (BCCL) was incorporated in 1972 and 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.
Operations & Mine Network
As of September 30, 2025, BCCL operates 34 operational mines, comprising:
- 4 Underground mines
- 26 Opencast mines
- 4 Mixed mines
Products & Market Presence
- Primary product: Coking coal
- Key consumers: Steel and power industries
- Estimated coking coal reserves: ~7,910 million tonnes (as of April 1, 2024)
- Share of domestic coking coal production: 58.50% in Fiscal 2025
Geographic Footprint
BCCL’s operations span Jharia (Jharkhand) and Raniganj (West Bengal), covering a total leasehold area of 288.31 sq. km.
Business Model & Initiatives
- Opencast and underground mining projects
- Coal washeries operations
- Monetisation of idle washeries via the Washery Developer and Operator (WDO) model
- Reopening discontinued underground mines through the Mine Developer and Operator (MDO) model
- Solar power project monetisation through self-consumption and grid injection
Production Performance
As of June 30, 2025, the company employed:
- 89 doctors
- 332 nurses
- 338 other staff members
Competitive Strengths
- Strong presence in renal sciences, with established sub-specialities in urology
- Asset-light business model focused on central Gujarat
- Ability to attract and retain skilled medical professionals
- Proven track record of operational and financial growth
Bidding Starts In
Bharat Coking Coal IPO Specifics:
| IPO Date | 9 to 13 Jan, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹21 to ₹23 per share |
| Lot Size | 600 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,84,89,583 shares 2,20,00,000 shares (46,57,00,000 shares (agg. up to ₹1,071 Cr) |
| 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 |
Bharat Coking Coal IPO Timetable (Important Dates)
| IPO Open Date | Fri, Jan 9, 2026 |
| IPO Close Date | Tue, Jan 13, 2026 |
| Tentative Allotment | Wed, Jan 14, 2026 |
| Initiation of Refunds | Thu, Jan 15, 2026 |
| Credit of Shares to Demat | Thu, Jan 15, 2026 |
| Listing Date | Fri, Jan 16, 2026 |
Bharat Coking Coal IPO Lot Size
Bidders have the opportunity to bid for a minimum of 128 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹13,800 |
| Retail (Max) | 14 | 8,400 | ₹1,93,200 |
| S-HNI (Min) | 15 | 9,000 | ₹2,07,000 |
| S-HNI (Max) | 72 | 43,200 | ₹9,93,600 |
| B-HNI (Min) | 73 | 43,800 | ₹10,07,400 |
Bharat Coking Coal IPO Reservation
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Bharat Coking Coal IPO Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 18,711.13 | 17,283.48 | 14,727.73 | 13,312.86 |
| 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 |
| Reserves and Surplus | 1,006.52 | 1,805.73 | 664.72 | -853.10 |
| Total Borrowing | 1,559.13 |
Key Performance Indicator – Bharat Coking Coal IPO
| KPI | Values |
|---|---|
| ROCE | 30.13% |
| RoNW | 20.83% |
| PAT Margin | 8.61% |
| EBITDA Margin | 16.36% |
| Price to Book Value | 1.63 |
| EPS | 2.66 |
| P/E (x) | 8.64 |
| Promoter Holding | 100% |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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