Bharat Coking Coal IPO
Bharat Coking Coal IPO — date, price band, lot size & details 2026
Bharat Coking Coal listed on 19 Jan 2026 at ₹45, 95.7% above the ₹23 issue price.
Bharat Coking Coal Limited (BCCL) is a government-owned coal mining company and a subsidiary of Coal India Limited. The company mainly produces coking coal used in steel manufacturing. Its IPO is expected to unlock value and improve transparency. Investors are watching this issue closely as it can be an important offering in the coal and metal sector of India.
Stock price
Bharat Coking Coal is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 20 October.
- Open 09 Jan 2026
- Close 13 Jan 2026
- Allotment 14 Jan 2026
- Refund/credit 16 Jan 2026
- Listing 19 Jan 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 13 Jan, 2026 |
|---|---|
| Price Band | ₹21 – ₹23 |
| Face Value | ₹10 |
| Lot Size | 600 Shares |
| Issue Size | ₹1071 Cr |
| Sale Type | OFS only |
| Listing On | NSE & BSE |
| Employee Discount | ₹1 |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 13,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 600 shares at the ₹23 cut-off. Drag to size your application.
| Application | Lots | Shares | 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 |
Three years of numbers
All figures in ₹ crore, as reported in the Bharat Coking Coal offer document.
| Metric | 30 SEP 25 | 31 MAR 25 | 31 MAR 24 |
|---|---|---|---|
| Revenue | 6,311.51 | 14,401.63 | 14,652.53 |
| EBITDA | 459.93 | 2,356.06 | 2,493.89 |
| Net Profit | 123.88 | 1,240.19 | 1,564.46 |
| Debt | 1,559.13 | ||
| Assets | 18,711.13 | 17,283.48 | 14,727.73 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Bharat Coking Coal RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Bharat Coking Coal IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹2.66 |
| P/E Ratio (x) | 8.64 |
| Market Cap at Offer Price (₹ Cr) | ₹1,071.14 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹23 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Bharat Coking Coal IPO Anchor Investors
15 anchor investors across 10 fund houses committed ₹273.14 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company’s core business revolves around the extraction, processing, and supply of coking coal to major steel producers and industrial consumers. Its product portfolio includes prime coking coal, medium coking coal, and by-products generated during the mining process. BCCL follows a volume-driven business model, supplying coal through long-term linkages, e-auctions, and fuel supply agreements. With a strong focus on meeting domestic demand, the company plays a vital role in reducing India’s dependence on imported coking coal. It continues to invest in modern mining techniques, safety measures, and environmental management while maintaining long-term relationships with key clients in the steel and energy sectors.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
0326-2230190
The bankers & the filings
Who is running the book, and the documents this page is built from.
Bharat Coking Coal IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
IDBI Capital Markets & Securities Ltd.
4 issues handledBest listing: NSE (+0.8%). Weakest: Central Mine Planning & Design Institute (-7.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Bharat Coking Coal?
The current Grey Market Premium is ₹19, or 83% over the issue price.
What is the Bharat Coking Coal IPO price band?
₹21 to ₹23, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 January 2026, with listing on 19 January 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
