Bharat Coking Coal IPO GMP

January 8, 2026 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Bharat Coking Coal IPO opens for subscription on January 9, 2026, and closes on January 13, 2026, with shares listing on BSE and NSE on January 16, 2026. The issue comprises 46.57 crore equity shares offered entirely through an Offer for Sale (OFS) by promoter Coal India Limited, valued at approximately ₹1,071 crore at the upper price band of ₹21 – ₹23 per share. The Bharat Coking Coal IPO provides investors exposure to the critical coal sector supporting national steel production and energy security.

₹11.50

Latest IPO GMP

Last updated on 09 Jan 2026 20.39

₹23

IPO Offer Price

*cut off price

₹

Listing Price

Listing Date 16/01/2026

Expert Opinions

Market sentiment for Bharat Coking Coal IPO appears favorable, driven by strong steel industry demand and the company’s dominant position in washed coking coal production. Company strengths include access to 16 operational mines in Jharkhand, long-term Coal India backing, and strategic washery capacity supporting consistent supply to steel majors. Risks encompass environmental regulations, import competition from Australia, operational safety concerns, and coal price volatility tied to global steel cycles.

Valuation analysis for Bharat Coking Coal IPO and year 2025 shows a Return on Equity (ROE) of 20.83%, ROCE of 30.13%, and Net Asset Value (NAV) of ₹14.07, reflecting efficient asset utilization within a stable dividend-paying PSU framework. Long-term investment perspective supports steady compounding from domestic steel capacity expansion and energy transition complexities preserving coking coal relevance, making it suitable for conservative portfolios over speculative short-term trades.

Investor Considerations

Bharat Coking Coal IPO investors should evaluate the company’s stable fundamentals, with revenue of ₹14,401.63 crore and PAT of ₹1,240.19 crore in FY 2025 despite a slight decline from FY24, supported by zero debt and strong cash flows. Coal sector outlook remains resilient with steady steel production demand and domestic coking coal security priorities. Valuation analysis for Bharat Coking Coal IPO in 2025 shows Price to Book Value of 1.63, PAT Margin of 8.61%, and EBITDA Margin of 16.36%, indicating attractive PSU pricing with operational efficiency.

Growth prospects include washery expansions and production ramp-ups amid India’s steel capacity targets. Risks involve environmental regulations, global price volatility, and policy shifts toward cleaner energy. Long-term investment goals align with dividend stability and infrastructure linkages, while short-term plays face listing volatility typical of large OFS issues.