- Issue price
- ₹23per share
- Issue size
- ₹1,068.78 Cr46,57,00,000 shares
- Face value
- ₹10per equity share
- Lot size
- 600 sharesMin. ₹13,800 at the upper price
- Anchor biddingThu, 2026
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentFri, 2026Refunds and Demat credit same day
- ListingMon, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 0 shares
- Offer for sale
- 46,57,00,000 shares (₹1,068.78 Cr)
- Total issue
- 46,57,00,000 shares (₹1,068.78 Cr)
- Face value
- ₹10
- Listing at
- NSE, BSE
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail29.8%
- Anchor25.5%
- QIB ex-anchor17.0%
- NII12.8%
- Shareholders10.0%
- Employees5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 13,85,45,750 | 29.75% | 35% |
| Non-institutional investors (NII) | 5,93,76,750 | 12.75% | 15% |
| Qualified institutional buyers (QIB) | 19,79,22,500 | 42.50% | 50% |
| QIB, excluding anchor | 7,91,69,000 | 17.00% | — |
| Anchor investors | 11,87,53,500 | 25.50% | — |
| Employees | 2,32,85,000 | 5.00% | — |
| Shareholders | 4,65,70,000 | 10.00% | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹23 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 1 | 600 | ₹13,800 |
Source: ProspectusUpdated
Special quotas
- Employees
- ₹1 discount per share
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25- EPS (basic)
- ₹2.66
- EPS (diluted)
- ₹2.66
- P/E (FY 2024-25 at upper price band)
- 8.65×
- RoNW
- 20.83%
- NAV per share (As on Sep 30, 2025)
- ₹12.52
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 30 Sep 20256 months | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|---|
| Revenue from operations | 5,659.02 | 13,802.55 | 14,245.86 | 12,624.06 |
| Total income | 6,311.51 | 14,401.63 | 14,652.53 | 13,018.57 |
| EBITDA | 459.93 | 2,356.06 | 2,493.89 | 891.31 |
| Profit after tax | 123.88 | 1,240.19 | 1,564.46 | 664.78 |
| Net worth | 5,830.89 | 6,551.23 | 5,355.47 | 3,791.01 |
| Reserves and surplus | 1,006.52 | 1,805.73 | 664.72 | -853.10 |
| Total assets | 18,711.13 | 17,283.48 | 14,727.73 | 13,312.86 |
| Total borrowing | 1,559.13 | 0.00 | 0.00 | 0.00 |
FY 2024-25 vs FY 2023-24: revenue −3.1%, profit after tax −20.7%. Periods shorter than 12 months are shown as reported and are not annualised.
Source: ProspectusUpdated
About the company
The company mines and supplies coking coal, along with non-coking coal and washed coal, mainly for the steel and power industries. Its operations are concentrated in the Jharia and Raniganj coalfields, and it is a subsidiary of Coal India Limited.
- Incorporated
- 1972
- Industry
- Mining (Coking Coal)
- Sector
- Metals and Mining
- CIN
- U10101JH1972GOI000918
- Website
- bcclweb.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| President of India, acting through the Ministry of Coal | Promoter | 0.00% | 0.00% | — |
| Coal India Limited | Selling shareholder | 100.00% | 90.00% | 46,57,00,000 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Offer for sale by the promoter selling shareholder; company receives no proceeds | 1,068.78 |
| Benefits of listing, visibility and liquidity | Set with price |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Alpha Metallurgical Resources, Inc | ₹1,233.78 | 14.87× | 11.48% | ₹11,182.1 |
| Warrior Met Coal, Inc. | ₹410.12 | 19.44× | 12.82% | ₹3,423.71 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Among the largest coking coal producers in India by production.
- Large coking coal reserve base across Jharia and Raniganj coalfields.
- Parentage of Coal India Limited.
- Growth in coal production over recent fiscal years.
- Operates multiple washeries to produce washed coking coal.
Risks
- Concentration of mines in two coalfields in Jharkhand and West Bengal.
- Large contingent liabilities disclosed in restated financials.
- Top 10 customers account for a large share of revenue.
- Dependence on Coal India Limited for support and strategy.
- Reserve and resource estimates depend on assumptions and use ISP Guidelines.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹23) appear here after the shares list on NSE and BSE.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Bharat Coking Coal IPO open and close?
According to the Prospectus, the issue opens on Friday, 9 January 2026 and closes on Tuesday, 13 January 2026.
What is the Bharat Coking Coal IPO price band?
The final issue price is ₹23 per share.
What is the lot size of the Bharat Coking Coal IPO?
One lot is 600 shares, which is ₹13,800 at ₹23 per share.
Where will Bharat Coking Coal shares list?
On NSE and BSE. The tentative listing date is Monday, 19 January 2026.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Bharat Coking Coal IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 16 January 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹1,068.78 Cr for offer for sale by the promoter selling shareholder; company receives no proceeds, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.