Bharat Coking Coal IPO Details
The key details of Bharat Coking Coal’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹1,071.11 Cr |
| Price Range | ₹21 - ₹23 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | ₹1 |
| Listing at | NSE and BSE |
| Minimum Quantity | 600 |
| Investment (cut-off price) | ₹13,800 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 90% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Bharat Coking Coal IPO Timelines
The IPO process for Bharat Coking Coal includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
09/01/2026
Start Date13/01/2026
End Date15/01/2026
Refund Initiation15/01/2026
Credit of Shares to Demat Ac16/01/2026
Listing DateBharat Coking Coal IPO Lot Size
The Bharat Coking Coal IPO has a fixed lot size of 600 shares, at an upper price band of ₹23 per share. For retail investors, the minimum application is 600 shares (1 lot) amounting to ₹13,800, while the maximum is 8,400 shares (14 lots) worth ₹1,93,200. For Small HNI (S-HNI) investors, the minimum application is 9,000 shares (15 lots) worth ₹2,07,000, while the maximum is 43,200 shares (72 lots) amounting to ₹9,93,600. Big HNI (B-HNI) investors need to apply for at least 43,800 shares (73 lots), totaling ₹10,07,400.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹13,800 |
| Retail Maximum | 14 | 8400 | ₹1,93,200 |
| S-HNI Minimum | 15 | 9000 | ₹2,07,000 |
| S-HNI Maximum | 72 | 43200 | ₹9,93,600 |
| B-HNI Minimum | 73 | 43800 | ₹10,07,400 |
Bharat Coking Coal IPO Subscription Status
The subscription status for Bharat Coking Coal IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Bharat Coking Coal IPO Company Financials
Bharat Coking Coal reports robust performance in FY2025 with Total Income of ₹14,401.63 crores, managing expenses at ₹12,698.74 crores, and achieving a strong PAT (Profit After Tax) of ₹1,240.19 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹13,018.57 | ₹12,488.38 | ₹664.78 |
| FY 2024 | ₹14,652.53 | ₹12,560.86 | ₹1,564.46 |
| FY 2025 | ₹14,401.63 | ₹12,698.74 | ₹1,240.19 |
| FY 2026 (6 M) | ₹6,311.51 | ₹6,112.17 | ₹123.88 |
About Company
Bharat Coking Coal Limited, incorporated in 1972, is a wholly owned subsidiary of Coal India Limited and is primarily engaged in the production of coking coal, along with non coking and washed coal. The company operates mainly in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal, covering a leasehold area of about 288.31 square kilometres. As of September 30, 2025, BCCL operates 34 mines comprising underground, opencast, and mixed mines, and holds an estimated coking coal reserve of around 7,910 million tonnes as of April 1, 2024. The company plays a critical role in meeting the requirements of the steel and power industries and contributed 58.50 percent of India’s domestic coking coal production in Fiscal 2025.
BCCL undertakes both opencast and underground mining and also operates coal washeries to improve coal quality. Its business activities include monetisation of idle washeries under the Washery Developer and Operator model, revival of discontinued underground mines through the Mine Developer and Operator model, and monetisation of solar power projects for self use and grid supply. Coal production has shown steady growth, increasing 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, reflecting its strong focus on coking coal production.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1972 | Mining & Mineral products | Manoj Kumar Agarwal |
Know Before Investing
Bharat Coking Coal IPO Strengths
- Bharat Coking Coal Limited (BCCL) is India’s premier producer of coking coal, accounting for the majority of the country’s supply and operating primarily in the resource-rich Jharia and Raniganj coalfields.
- As the key feedstock for blast furnaces, BCCL’s coking coal supports India’s steel production capacity expansion and enjoys assured domestic offtake from steel majors.
- 100% owned by Coal India Limited, BCCL benefits from parent group synergies, centralised coal allocation, and government backing in resource development.
- Controls vast proven reserves in Jharkhand and West Bengal coalfields with long mine life, supporting multi-decade production visibility.
Bharat Coking Coal IPO Risks
- Coking coal prices are volatile due to global seaborne markets and domestic e‑auction pricing; government price caps or coal linkage policies can compress realisations.
- Underground mining faces stringent environmental norms, land reclamation costs, and progressive mine closure obligations that can escalate expenses over time.
- Gas emissions, roof falls, flooding, and safety incidents pose production disruptions and compliance challenges despite safety investments.
- Coking coal demand ties directly to steel production, which is cyclical and sensitive to economic slowdowns, infrastructure spending, and import competition.
- Mine development requires massive upfront capex with long payback periods; delays in approvals or execution can impact returns.
- Large workforce with legacy PSU wage structures and potential union issues can pressure cost structures versus private miners.
Swot Analysis for Bharat Coking Coal IPO
Strengths
Prime Coking Coal Dominance, Strategic Government Backing, Integrated Value Chain
Weaknesses
Aging Mine Infrastructure, Environmental & Regulatory Compliance, Limited Diversification
Opportunities
Steel Capacity Expansion, Washery & Beneficiation Scale-Up, International Partnerships
Threats
Import Competition, Steel Demand Volatility, Labour & Safety Issues
Company Details
Bharat Coking Coal Limited
Koyla Bhawan, Koyla Nagar, Dhanbad Jharkhand, India – 826005
Phone: 0326-2230190
Email: cos.bccl@coalindia.in
Website: https://bcclweb.in/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bccl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Bharat Coking Coal IPO are:
- BRLMs’ fees and commissions (including underwriting commission)
- Brokerage and selling commission and bidding/uploading charges payable to members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers
- Fees payable to Registrar of the Offer
- Fees payable to other parties, including but not limited to Statutory Auditors, Practicing Company Secretary and industry expert
- Listing fees, SEBI fees, upload fees, BSE and NSE processing fees, book-building software fees
- Fees payable to legal counsels
- Miscellaneous (comprising fees payable to strategic advisors and additional intermediaries, if any, chartered accountant(s) and company secretary that may be appointed in the course of Offer)
IDBI Capital Markets Services Ltd. , ICICI Securities Ltd. are the book-running lead managers for the Bharat Coking Coal IPO.
Bharat Coking Coal has strong growth potential as India’s largest coking coal producer with about 58.5% market share, supporting rising domestic steel demand and import substitution. Expanding washed coal capacity, reopening mines through MDOs, and efficiency gains from SAP and solar initiatives can lift volumes and profitability despite recent revenue softness.
The issue price for the Bharat Coking Coal IPO is set between ₹21 to ₹23 per share.
To invest in one lot of Bharat Coking Coal IPO, you need ₹12,600 at the lower price band (₹21 per share) or ₹13,800 at the upper price band (₹23 per share) for a lot size of 600 shares.
Bharat Coking Coal IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 16, 2025.
Refund/unblocking of funds for Bharat Coking Coal IPO will begin on January 15, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Bharat Coking Coal IPO shares on listing day (January 16, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.