Upcoming IPO: Coal India’s Subsidiary, Bharat Coking Coal Ltd (BCCL) Files DRHP With SEBI For IPO

Bharat Coking Coal Ltd (BCCL), a wholly-owned subsidiary of Coal India Limited, has filed its Draft Red Herring Prospectus (DRHP) with the SEBI to launch an IPO. The proposed issue is entirely an Offer for Sale (OFS) component of 46.57 crore equity shares by Coal India. 

The book-running lead managers for the IPO are IDBI Capital Markets & Securities Limited and ICICI Securities Limited. KFin Technologies Limited is the registrar for the issue. 

The announcement for BCCL DRHP comes one week after the Central Mine Planning & Design Institute Limited (CMPDI), another coal India subsidiary filed its DRHP. 

Utilisation of Funds

The Company will not receive any portion of the proceeds from the “Offer Proceeds.” The entire Offer Proceeds will be received by the Promoter Selling Shareholder. 

Financial performance

For the fiscal year 2025, the company’s revenue from operations stood at ₹13,998.45 crore, and its restated profit for the year was ₹1,240.19 crore. 

Company Profile 

BCCL produces various grades of coking coal, non-coking coal and washed coals, which are primarily used in the steel and power industries. BCCL’s primary product is coking coal and in terms of coking coal production, the company was ranked as the largest coking coal producer in India in Fiscal 2025. 

As of March 31, 2025, BCCL operate 32 operational mines, including 3 underground mines, 25 opencast mines, and 4 mixed mines. 

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