Bharat Coking Coal Limited (BCCL) IPO: Date, Price, GMP, Review and Allotment

Bharat Coking Coal Limited (BCCL), a wholly owned arm of Coal India, has launched Approx. ₹1100 crore IPO, backed by strong FY25 financials and a 58.5% coking coal market share. Bharat Coking Coal Limited offering investors a rare opportunity to participate directly in India’s largest coking coal producer by market share. The company commands about 58.5% of the domestic coking coal production, and also supplies non-coking coal and washed coal to key steel and power sector customers across the country. With an expected IPO size of around ₹1100 crore through an offer for sale by Coal India, this issue is positioned as a strategic PSU disinvestment and may attract both long-term and listing-gain-oriented investors. The registrar for BCCL ipo is Kfin Technologies Ltd.

The IPO opens on January 9, 2026, following anchor investor allocation on January 8, and closes on January 13, 2026. Listing will occur on both BSE and NSE, with NSE as the designated exchange. Early preparation is crucial, especially for shareholder quota eligibility tied to the January 2 record date.

Bharat Coking Coal Limited IPO highlights

• Bharat Coaking Coal Ltd Ipo Price-Band ₹22-₹23.
• BCCL files RHP on 2nd January 2026.
• BCCL IPO dates: 9 Jan – 13 Jan 2026
• BCCL is a wholly owned subsidiary (WoS) of Coal India Limited, which will be the selling shareholder in the IPO.
• The company is India’s largest coking coal producer with a 58.5% market share in terms of coking coal production in FY25.​
• Besides coking coal, BCCL also produces non-coking coal and washed coal, supplying to steel, power and other industrial customers.​
• The proposed IPO has an offer for sale (OFS) of about 46.57 crore shares and could raise approx. ₹1100 crore.
• Rupinder Brar, Additional Secretary, Ministry of Coal, has said that Coal India is currently holding roadshows for two of its subsidiaries — Bharat Coking Coal Ltd (BCCL) and Central Mine Planning & Design Institute Ltd (CMPDIL) and listing will take place in FY2027.

BCCL IPO GMP

Bharat Coking Coal Ltd. shows strong listing expectations with grey market premium of 72% = ₹16.5 on 5th January 2026 11:39 AM.

Bharat Coking Coal Limited RHP & DRHP Files

BCCL IPO Dates & Price Band

Market Lot Size

BCCL IPO Allotment Details

Check Bharat coking Coal Limited IPO allotment status here: Click Here

Listing Objective:

• The goal of listing Coal India units is value unlocking
• Production Boost: Listing of Coal India subsidiaries is expected to speed up production
• Roadshows: Government official confirms that roadshows are underway for Bharat Coking Coal

Shareholder & Employee Quota

• 10% earmarked shareholder reservation is proposed for eligible shareholders of Coal India Limited, allowing them to apply under a dedicated quota in addition to the general retail or non-institutional categories, subject to regulatory limits.

• The record date for shareholder quota is January 2, 2026.
• Employee reservation is up to 23,285,00 equity shares.
• Employee discount is ₹1.

Company Information

Bharat Coking Coal Limited (BCCL) is a wholly owned subsidiary of Coal India Limited, India’s largest coal producer. Established to focus on coking coal operations, BCCL is the country’s leading producer of coking coal, with a market share of about 58.5% in terms of production. The company also produces non-coking coal and washed coal, catering to the needs of the steel, power, and other industrial sectors across India.​

BCCL operates primarily in the Jharia and Raniganj coalfields, managing around 32 mines that include opencast, underground, and mixed types. The company boasts substantial coal reserves, with approximately 7.91 billion tonnes of coking coal as of April 1, 2024, making it a critical supplier for the domestic steel industry and helping reduce reliance on imports. Its robust infrastructure and modern mining facilities support efficient and sustainable production.​

With a strong financial foundation, BCCL reported a revenue of ₹14,597 crore and a profit after tax of ₹1,240.2 crore in FY25. The company’s operations are strategically important for India’s energy and industrial sectors, and its upcoming IPO is expected to offer investors direct exposure to a vital PSU with a dominant position in the coking coal segment.

Business overview

• BCCL operates primarily in the Jharia and Raniganj coalfields and manages around 32 operating mines, including opencast, underground and mixed mines.​

• The company holds substantial coking coal reserves, estimated at about 7.91 billion tonnes as of April 1, 2024, representing more than one-fifth of India’s total coking coal resources.​

• Its operations are critical for India’s steel ecosystem, as domestic coking coal reduces reliance on imports and supports cost-efficient steel production.

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BCCL Key financials (FY25)

• Revenue for FY25 stands at approximately ₹14,597 crore, reflecting a stable top line supported by strong offtake in the steel and power sectors.​

• Profit after tax (PAT) for FY25 is about ₹1,240.2 crore, indicating a healthy level of profitability for a coal PSU operating in a regulated and cyclical industry.​

• Over the last three fiscals, BCCL has reported consistent income and asset growth, supported by ongoing capex and modernization of its mining and washing facilities.

Financial Statements

Key metrics in ₹ Crore:

BCCL Valuation (Peer Comparison)

Investment view

• As India’s dominant coking coal producer with a 58.5% market share, BCCL offers unique exposure to a niche segment that is strategically important for the domestic steel industry.​

• The backing of Coal India Limited and the Government of India, along with large reserves and established infrastructure, enhances long-term business visibility for the company.​

• However, investors should also consider risks such as regulatory changes, environmental norms, coal price volatility and dependence on the steel and power sectors, all of which can influence earnings and valuation over time.

Bharat Coking Coal Limited (BCCL) Contact Information

Registered Office Address:
Koyla Bhawan, Koyla Nagar, P.O. BCCL Township, Dhanbad – 826005, Jharkhand, India.​

Phone Numbers:
EPABX: +91 326 2230028, 2230133-149
CMD Office: +91 326 2230112, +91 326 2230153.​

Email:
cmd.bccl.cil@coalindia.in, cos.bccl@coalindia.in.​

Website:
www.bcclweb.in

BCCL Registrar Contact Details

Name: Kfin Technologies Ltd.

Website: Kfintech.com

Email: einward.ris@kfintech.com

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Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.