Bharat Coking Coal Limited Link 
Allotment
Bharat Coking Coal Limited’s Initial Public Offering (IPO) is a book-built issue scheduled to open on January 9, 2026 and close on January 13, 2026. The company aims to raise approximately ₹1,071 crores through the IPO, which includes a fresh issue of ₹[.] crores and an offer for sale of up to 46,57,00,000 equity shares with a face value of ₹10 each.
The IPO price band is set between ₹21 and ₹23 per share. The issue is divided into quotas of 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). Allotment of shares will be finalized on January 14, 2026, and the shares are expected to list on BSE and NSE on January 16, 2026.
Financial Performance
Bharat Coking Coal reported a revenue of ₹14,401.63 crores in FY2025, slightly lower than ₹14,652.53 crores in FY2024. Profit after tax (PAT) stood at ₹1,240.19 crores in FY2025, compared to ₹1,564.46 crores in FY2024.
Based on these financials, IPO investors are generally advised to consider a long-term investment perspective
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Updates On
Jan 5, 2026
IPO. Open
Jan 9, 2026
IPO. Close
Jan 13, 2026
IPO. Price
₹23.00
IPO Market price
₹10,711.10 Cr
IPO Details
| IPO Date | 16 Jan |
| IPO Listing Date | 16 Jan |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹23.00 |
| IPO Issue Size | 46,57,00,000 shares |
| IPO Sale Type | Offer For Sale |
| Employee Discount | ₹1.00 |
| IPO Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 4,65,70,00,000 share |
IPO Timeline
| IPO Open Date | 9 Jan |
| IPO Close Date | 13 Jan |
| IPO Allotment (Tentative) | 14 Jan |
| Refunds | 15 Jan |
| Credit to Demat Account | 15 Jan |
| IPO Listing Date | 16 Jan |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 19,79,22,500 Shares |
| NII (HNI) Shares Offered | 5,93,76,750 Shares |
| Retail Shares Offered | 13,85,45,750 Shares |
IPO Lot Size
Investors can apply for a minimum of 600 shares, with additional bids in multiples of 600 shares.
| Application | Lots | Share | 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 |
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is a leading producer of coking coal, non-coking coal, and washed coal in India. A wholly-owned subsidiary of Coal India Limited, the company operates 34 mines as of September 30, 2025, including underground, opencast, and mixed mines. BCCL primarily caters to the steel and power industries, with estimated coking coal reserves of around 7,910 million tonnes as of April 1, 2024, and accounted for 58.5% of India’s domestic coking coal production in Fiscal 2025.
The company’s operations span Jharia, Jharkhand, and Raniganj, West Bengal, across a total leasehold area of 288.31 square kilometres. BCCL undertakes opencast and underground mining, coal washing, monetisation of idle washeries through the Washery Developer and Operator (WDO) model, reopening of underground mines through the Mine Developer and Operator (MDO) model, and solar power projects via self-consumption and grid injection. Coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025.
Competitive strengths include being the largest coking coal producer in India with access to significant reserves, strategically located mines and washeries, strong backing from Coal India Limited, and a proven track record of growth and financial performance. BCCL is well-positioned to capitalise on the growing domestic demand for coking coal.
Company Financials (Consolidated)
| Assets | 18,711.13 | 17,283.48 | 14,727.73 |
| Total Income | 6,311.51 | 14,401.63 | 14,652.53 |
| Profit After Tax | 123.88 | 1,240.19 | 1,564.46 |
| EBITDA | 459.93 | 2,356.06 | 2,493.89 |
| NET Worth | 5,830.89 | 6,551.23 | 5,355.47 |
| Reserves and Surplus | 1,006.52 | 1,805.73 | 664.72 |
| Total Borrowing | 1,559.13 | - | - |
Key Performance Indicator (KPI)
| ROE | - |
| ROCE | 30.13% |
| Debt/Equity | - |
| RoNW | 20.83% |
| PAT Margin | 8.61% |
| EBITDA Margin | 16.36% |
| Price to Book Value | 1.63 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Bharat Coking Coal Ltd. Address
Koyla Bhawan,
Koyla
Nagar
Dhanbad, Jharkhand, 826005
0326-2230190
cos.bccl@coalindia.in
http://www.bcclweb.in/
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
bccl.ipo@kfintech.com
https://ipostatus.kfintech.com/
The Bharat Coking Coal IPO will open on January 9, 2026 and close on January 13, 2026, as a forthcoming book-built public issue.
The IPO price band is fixed at ₹21 to ₹23 per share, with a minimum application size of 600 equity shares per lot.
Bharat Coking Coal Limited shares are proposed to be listed on both BSE and NSE, with a tentative listing date of January 16, 2026.
The IPO size is approximately ₹1,071 crore, consisting entirely of an Offer for Sale of 46.57 crore equity shares.
Bharat Coking Coal Limited is India’s largest coking coal producer, supplying steel and power industries with extensive reserves and strong Coal India backing.
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