Mainboard IPO
₹12,600
Minimum Investment
Exchange Listed · NSE / BSESEBI Regulated Issue
About Company
Company Name: Bharat Coking Coal Limited
Industry / Sector: Coal Mining / Energy
Founded Year: 1972
Promoters: Coal India Limited, Government of India
Bharat Coking Coal Limited (BCCL) is a wholly owned subsidiary of Coal India and India’s largest producer of coking coal, primarily used in steel manufacturing. The company operates across Jharia and Raniganj coalfields with a large reserve base.
IPO Basic Details
| Company Name | Bharat Coking Coal Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹21 – ₹23 |
| Lot Size | 600 |
| Total Issue Size | ₹1,068 – ₹1,071 Cr |
IPO Strengths & Risks
Strengths
- Largest coking coal producer in India (~58.5% share)
- Huge reserves (~7.9 billion tonnes)
- Strong parent backing (Coal India)
- Established mining infrastructure (34 mines)
- Critical role in steel industry supply chain
Risks
- Profit volatility (recent sharp decline)
- Environmental and regulatory risks
- Dependence on steel sector demand
- Rising receivables and working capital pressure
- Coal sector long-term ESG concerns
IPO Important Dates
| IPO Open Date | 09 Jan 2026 |
| IPO Close Date | 13 Jan 2026 |
| Basis of Allotment | 14 Jan 2026 |
| Refund Initiation | 15 Jan 2026 |
| Demat Credit Date | 15 Jan 2026 |
| Listing Date | 16 Jan 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | 13 Jan 2026 |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – -
Investor Reservation
| QIB Quota | 50% |
| Retail Quota | 35% |
| HNI Quota | 15% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 600 | ₹13,800 |
| Retail Maximum | 13 lots | 7800 | ₹1,79,400 |
| S-HNI Minimum | 14 lots | 8400 | ₹1,93,200 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 73 lots | 43800 | ₹10,07,400 |
Key Performance Indicators (KPI)
| ROE | ≈20–21% |
| ROCE | ≈29–30% |
| RoNW | ≈20% |
| PAT Margin | ≈8–9% |
| EBITDA Margin | N/A |
| EPS | ₹2.66 |
| NAV per share | N/A |
| Debt to Equity | Low / Near zero (historically) |
| P/E Ratio | ≈8–10x |
| Industry P/E | 10–15x |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | N/A | ₹12,624 Cr | ₹665 Cr | N/A | N/A | Low |
| 31 Mar 2024 | N/A | ₹14,246 Cr | ₹1,564 Cr | N/A | N/A | Low |
| 31 Mar 2025 | N/A | ₹13,803 – ₹14,402 Cr | ₹1,240 Cr | N/A | N/A | Increasing (~₹1,500 Cr by Sep 2025) |
Grey Market Premium
| GMP Price | ₹11 – ₹16 |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Jan 2026 |
| Estimated Listing Price | ₹34 – ₹45 |
IPO Subscription Data
| Total Subscription | ≈147x |
| QIB (Ex Anchor) | Very strong |
| HNI Subscription | Very high |
| Retail Subscription | Strong |
| Anchor | - |
IPO Intermediaries
Registrar: Kfin Technologies Limited
Registrar Website: https://kfintech.com
IPO Lead Manager(s)
-
Company Information
Address: Koyla Bhawan,Koyla Nagar Dhanbad, Jharkhand, 826005
Website: https://bcclweb.in
Email: cos.bccl@coalindia.in
Phone: 0326-2230190
IPO Documents
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