7 January 2026
5 mins read
Bharat Coking Coal Limited operates in the coal mining sector, with a focus on the production of coking coal, non-coking coal, and washed coal used primarily by steel and power industries. Incorporated in 1972, the company functions as a wholly owned subsidiary of Coal India Limited and carries out mining operations across the Jharia coalfields in Jharkhand and the Raniganj coalfields in West Bengal. Its activities include opencast and underground mining, coal beneficiation through washeries, and operational models such as Mine Developer and Operator (MDO) and Washeries Developer and Operator (WDO).
Applicants interested in participating in the IPO can apply through an authorised trading platform or by using the ASBA facility provided by their banking institution. The application process generally involves logging into the trading or banking interface, navigating to the IPO section, selecting the public issue, entering the required lot quantity within the specified price band, and completing payment authorisation through UPI or bank mandate. Once submitted, the application proceeds through exchange-regulated verification and allotment procedures.
For more details, visit the Bharat Coking Coal IPO page.
Details | Information |
IPO Date | January 9, 2026 to January 13, 2026 |
Issue Size | 46,57,00,000 shares (agg. up to ₹ 1,071.11 Cr) |
Price Band | ₹21 to ₹23 per share |
Lot Size | 600 shares |
Listing At | BSE, NSE |
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Carry out the Offer for Sale of up to 46,57,00,000 Equity Shares
Event | Date |
|---|---|
IPO Open Date | Fri, Jan 9, 2026 |
IPO Close Date | Tue, Jan 13, 2026 |
Tentative Allotment | Wed, Jan 14, 2026 |
Initiation of Refunds | Thu, Jan 15, 2026 |
Credit of Shares to Demat | Thu, Jan 15, 2026 |
Tentative Listing Date | Fri, Jan 16, 2026 |
₹21 to ₹23 per share
Application | Lots | Shares | Amount |
Individual investors (Retail) (Min) | 1 | 600 | ₹13,800 |
Individual investors (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 |
The Bharat Coking Coal IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the broker's app or website.
Go to the IPO section to view active IPO listings.
Locate Bharat Coking Coal IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 600 shares) within the price band of ₹21 to ₹23 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The equity shares offered in the Bharat Coking Coal IPO are allocated across different investor categories in line with regulatory requirements. The reservation structure specifies the minimum and maximum proportion of the offer available to each category, ensuring defined participation from qualified institutional buyers, non-institutional investors, and retail individual investors.
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50.00% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
NII Shares Offered | Not less than 15.00% of the Offer |
Total Assets: Increased from ₹13,312.86 crore as of 31 March 2023 to ₹18,711.13 crore as of 30 September 2025.
Total Income: Recorded at ₹6,311.51 crore for the period ended 30 September 2025, compared with ₹13,018.57 crore in FY23.
Profit After Tax (PAT): Stood at ₹123.88 crore for the period ended 30 September 2025, as against ₹664.78 crore in FY23.
Net Worth: Reported at ₹5,830.89 crore as of 30 September 2025, compared with ₹3,791.01 crore as of 31 March 2023.
Reserves and Surplus: Recorded at ₹1,006.52 crore as of 30 September 2025, compared with a negative balance of ₹853.10 crore as of 31 March 2023.
EBITDA: Stood at ₹459.93 crore for the period ended 30 September 2025, in comparison to ₹891.31 crore in FY23.
The company’s asset base has increased over the period under review, indicating an expansion in the scale of operations and the underlying asset structure.
Income levels have shown variation between the earlier and latest periods, reflecting changes in operational activity and revenue generation during the respective financial timelines.
Profit after tax figures have fluctuated over the reviewed period, highlighting shifts in cost structures, operating conditions, and overall financial outcomes.
Net worth has moved upward between the earliest and most recent reporting dates, suggesting an improvement in the company’s capital base over time.
Reserves and surplus have transitioned from a negative position to a positive balance, indicating changes in retained earnings and internal financial accumulation.
Operating performance, as reflected by EBITDA, has varied across periods, pointing to movements in operating efficiency and earnings before non-operating adjustments.
The company operates in the coal mining sector, where performance is influenced by regulatory policies, environmental clearances, and compliance requirements that can affect operational timelines and costs.
Demand for coking coal is closely linked to steel production levels, and variations in steel sector activity may impact offtake and revenue patterns.
Mining operations involve risks related to safety, land acquisition, logistics, and quality constraints of coal reserves, which may influence production efficiency and utilisation.
The company operates within the domestic coking coal segment, which supports steel manufacturing and infrastructure-related industries in India.
Long-term trends in steel capacity expansion and infrastructure development may influence demand for coking coal over time.
Ongoing focus on beneficiation, mine development models, and operational efficiency provides scope for maintaining production continuity within the existing regulatory framework.
KPI | Values |
ROCE | 30.13% |
RoNW | 20.83% |
PAT Margin | 8.61% |
EBITDA Margin | 16.36% |
Price to Book Value | 1.63 |
Registrar | Lead Manager(s) |
|---|---|
Kfin Technologies Ltd. | IDBI Capital Markets Services Ltd. |
Bharat Coking Coal Ltd. Koyla Bhawan, Koyla Nagar Dhanbad, Jharkhand, 826005
Phone: 0326-2230190
Email: cos.bccl@coalindia.in
Website: https://bcclweb.in/
Bharat Coking Coal Limited operates in the coking coal segment, supplying coal used primarily in steel production and related industrial activities. Its operations include opencast and underground mining, coal washing, and associated monetisation models within a regulated framework. The IPO details set out the structure of the offer, reservation across investor categories, and the intended use of proceeds in line with disclosures, alongside the defined timelines and application mechanics.
Applicants may submit bids through authorised trading platforms or by using the ASBA facility offered by their banking institutions. The application process generally involves selecting the issue, entering bid details, completing payment authorisation through UPI or bank mandate, and submitting the application within the specified period. Allotment and final allocation are carried out through established exchange-led procedures.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Bharat Coking Coal IPO allotment status.
The Chairman and Managing Director of Bharat Coking Coal Limited is Shri Manoj Kumar Agarwal, who also holds the additional charge of Director (Finance), as per the company’s leadership disclosures.
The opening and closing dates of the Bharat Coking Coal IPO are January 9, 2026 (opening) to January 13, 2026 (closing).
Bharat Coking Coal Limited is engaged in the mining and production of coking coal, non-coking coal, and washed coal, primarily supplied to steel and power sector consumers. The sustainability of its business model depends on factors such as domestic steel production levels, regulatory policies, coal quality requirements, and operational efficiency over time.
The IPO comprises 46,57,00,000 shares, aggregating to an issue size of approximately ₹1,071.11 crore.
‘Pre-apply’ refers to a facility that allows investors to submit their IPO applications before the issue opens. The application is processed once the subscription window begins, subject to exchange procedures.
The lot size for the IPO is 600 shares and the retail application requires a minimum 1 lot to process the order.
The tentative allotment date for the IPO is January 14, 2026.
The registrar for the Bharat Coking Coal IPO is Kfin Technologies Ltd.
Based on the available disclosures, no governance issues or red flags have been indicated. Applicants may refer to the prospectus for detailed information on board composition, committees, and compliance-related matters.
Applications can be submitted online through authorised trading platforms or via the ASBA facility offered by banks. The process involves selecting the IPO, entering the bid quantity, completing UPI or bank mandate authorisation, and submitting the application within the subscription period.
Yes, a valid Demat account is required, as shares are allotted and credited only in electronic form.
Applicants can check their allotment status after the allotment is finalised by visiting the registrar’s website, which is Kfin Technologies Ltd., and entering the required application or PAN details. The allotment status may also be available through the trading platform or bank used for applying. Once allotment is completed, shares, if allotted, are credited to the applicant’s Demat account, while unallotted amounts are released as per the refund schedule.
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