Bharat Coking Coal (BCCL) IPO To Open On January 9; Check GMP, Price Band, and Key Details
The first mainboard IPO of 2026 is here. Wholly owned subsidiary of Coal India Limited, Bharat Coking Coal filed its red herring prospectus on January 2, 2026. The company is all set to launch its IPO (Initial Public Offering) on January 9, 2026, with anchor bidding scheduled on January 8, 2026.
Bharat Coking Coal (BCCL) IPO Details
- Bidding Timeline: The IPO will remain open from January 9, 2026, to January 13, 2026
- Issue Size: The IPO is a book-build issue of ₹1,071.11 crores and structured entirely as an Offer-for-Sale (OFS), with Coal India Limited offloading up to 46.57 crore equity shares.
- Price Band: The price band is set between ₹21 and ₹23 per share.
- Lot Size (for retail investors): 600 shares per lot
- Minimum Investment (for retail investors): ₹13,800 per lot based on the cut-off price
- Allotment & Listing: The basis of allotment will be finalised by January 14, 2026, and the tentative listing on BSE and NSE is scheduled for January 15, 2026.
- Book-running Lead Managers: IDBI Capital Markets & Securities Limited and ICICI Securities Limited
- Registrar: KFin Technologies Limited
- Use of Proceeds: As the issue is an offer for sale (OFS), the company will not receive any proceeds; they will be allocated directly to the Promoter Selling Shareholder, Coal India Limited
Bharat Coking Coal (BCCL) IPO GMP
As per media reports, the Grey Market Premium (GMP) of Bharat Coking Coal (BCCL) is reported at ₹14 over the IPO price.
Bharat Coking Coal (BCCL) Business Overview
Bharat Coking Coal is the leading producer of coking coal in India. In FY 2025, the company accounted for approximately 58.5% of the country’s domestic coking coal output, making it the largest coking coal producer in India (Source: CRISIL Industry Overview).
In addition to coking coal, BCCL also produces non-coking coal and beneficiated (washed) coal, catering primarily to the steel and power sectors. BCCL operates as a wholly owned subsidiary of Coal India Limited (“CIL”) and was granted Mini Ratna status in 2014.
Bharat Coking Coal (BCCL) Financials
|
Period |
Six months ended Sep 30, 2025 |
FY 2025 |
FY 2024 |
FY 2023 |
|
Revenue from operations (Net of Levies) |
₹5,659.02 |
₹13,802.55 |
₹14,245.86 |
₹12,624.06 |
|
Profit After Tax (PAT) |
₹123.88 |
₹1,240.19 |
₹1,564.46 |
₹664.78 |
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