Bharat Coking Coal IPO
IPO Listing Details
- Listing Date
16 Jan 2026
- Listing Price
₹0.00
- Listing Change
-100.00%
- Last Traded Price
₹0.00
Bharat Coking Coal IPO Details
-
Open Date
09 Jan 2026
-
Close Date
13 Jan 2026
-
Listing Date
19 Jan 2026
- IPO Price Range
₹ 21 to ₹23
- IPO Size
₹ 1071.11 Cr
- Listing Exchange
BSE NSE
Bharat Coking Coal IPO Timeline
Bharat Coking Coal IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 9-Jan-2026 | 0.30 | 16.45 | 9.45 | 8.18 |
| 12-Jan-2026 | 1.44 | 96.43 | 27.07 | 33.73 |
| 13-Jan-2026 | 310.81 | 258.02 | 49.37 | 146.85 |
Last Updated: 16 January 2026 11:01 AM by 5paisa
Bharat Coking Coal Limited (BCCL), a wholly owned subsidiary of Coal India Limited, is engaged in producing coking coal, non-coking coal and washed coal. As of September 30, 2025, it operated 34 mines across Jharkhand and West Bengal. BCCL primarily supplies coking coal to steel and power sectors and held coking coal reserves of about 7,910 million tonnes, contributing 58.50% of India’s domestic output in FY25.
Established in: 1972
Managing Director: Manoj Kumar Agarwal
Peers:
| Metric | Bharat Coking Coal Limited |
Alpha Metallurgical Resources, Inc |
Warrior Met Coal, Inc |
|
Revenue from Operations |
1,38,02.55 | 2,53,20.27 | 1,30,58.93 |
| Face Value (₹ per share) | 10 | 0.01 | 0.01 |
|
Closing Price on December 30, 2025 (₹) |
NA | 18,177.77 | 7,974.08 |
| P/E | NA | 14.87 | 19.44 |
|
EPS (Basic) (₹) |
2.66 | 1233.78 | 410.12 |
|
EPS (Diluted) (₹) |
2.66 | 1222.65 | 410.12 |
| Return on Net Worth (RoNW) (%) | 20.83 | 11.48 | 12.82 |
| NAV | 14.07 | 11182.10 | 3423.71 |
Bharat Coking Coal Objectives
1. To undertake an offer for sale of shares.
2. To achieve benefits of listing on stock exchanges.
Bharat Coking Coal IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹1,071 Cr |
| Offer For Sale | ₹1,071 Cr |
| Fresh Issue | - |
Bharat Coking Coal IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 12,600 |
| Retail (Max) | 14 | 8,400 | 1,93,200 |
| S-HNI (Min) | 15 | 9,000 | 1,89,000 |
| S-HNI (MAX) | 72 | 43,200 | 9,93,600 |
| B-HNI (Min) | 73 | 43,800 | 9,19,800 |
Bharat Coking Coal IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 310.81 | 7,91,69,000 | 24,60,65,19,600 | 56,595.00 |
| Non-Institutional Buyers | 258.02 | 5,93,76,750 | 15,32,05,17,600 | 35,237.19 |
| bNII (bids above ₹10L) | 275.64 | 3,95,84,500 | 10,91,12,11,200 | 25,095.79 |
| sNII (bids below ₹10L) | 222.78 | 1,97,92,250 | 4,40,93,06,400 | 10,141.40 |
| Individual Investors (IND category bidding for 2 Lots) | 49.37 | 13,85,45,750 | 6,83,99,11,800 | 15,731.80 |
| Total** | 146.85 | 34,69,46,500 | 50,94,80,10,000 | 1,17,180.42 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 12624.06 | 14245.86 | 13802.55 |
| EBITDA | 891.31 | 2493.89 | 2356.06 |
| PAT | 664.78 | 1564.461 | 240.19 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 13312.86 | 14727.73 | 17283.48 |
| Share Capital | 4657.00 | 4657.00 | 4657.00 |
| Total Liabilities | 6819.54 | 6028.97 | 7189.11 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 1698.78 | 1299.14 | 796.49 |
| Net Cash Generated From / (used in) Investing Activities | -1705.83 | -1484.42 | -782.31 |
| Net Cash Generated From / (used in) Financing Activities | -42.97 | -73.84 | -132.46 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -50.02 | -259.12 | -118.28 |
Strengths
1. Leading domestic producer of coking coal
2. Strong reserve base ensuring long-term supply
3. Strategic presence in key coal-bearing regions
4. Backing of Coal India Limited
Weaknesses
1. High dependence on coking coal segment
2. Ageing mines increasing operational challenges
3. Limited geographical diversification of operations
4. Exposure to legacy environmental liabilities
Opportunities
1. Rising domestic steel production boosting demand
2. Monetisation of idle assets through MDO, WDO
3. Expansion of renewable energy monetisation initiatives
4. Technological upgrades improving mining efficiency
Threats
1. Stricter environmental and mining regulations
2. Competition from imported coking coal
3. Labour unrest impacting operational continuity
4. Transition towards cleaner energy alternatives
1. Dominant position in domestic coking coal market
2. Strong reserve base supporting sustained production
3. Direct beneficiary of India’s steel sector growth
4. Asset monetisation initiatives improving operational efficiency
Bharat Coking Coal Limited operates in India’s critical metallurgical coal segment, supporting the country’s expanding steel industry. With substantial coking coal reserves and a dominant share in domestic production, the company is well positioned to benefit from infrastructure growth, rising steel capacity additions, and policy support for reducing import dependence. Operational modernisation and asset monetisation initiatives further strengthen its long-term growth outlook.
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FAQs
Bharat Coking Coal IPO opens from January 9, 2025 to January 13, 2026.
The size of Bharat Coking Coal IPO is ₹1,071.
The price band of Bharat Coking Coal IPO is fixed at ₹21 to ₹23.
To apply for Bharat Coking Coal IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Bharat Coking Coal. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Bharat Coking Coal IPO is of 600 shares and the investment required is ₹12,600.
The share allotment date of Bharat Coking Coal IPO is January 14, 2026
The Bharat Coking Coal IPO will likely be listed on January 16, 2026.
IDBI Capital Markets Services Ltd is the book running lead managers for Bharat Coking Coal IPO.
Bharat Coking Coal IPO plans to utilise the raised capital from the IPO for:
1. To undertake an offer for sale of shares.
2. To achieve benefits of listing on stock exchanges.