Bharat Coking Coal Limited (BCCL) IPO 2026 – Price, Dates, Shares & Company Profile,bccl ipo price band 2026
Latest Grey Market Premium & IPO Details
Bharat Coking Coal IPO 2026 – Key Info & Highlights
Bharat Coking Coal Limited (BCCL) IPO, which opened on January 9, 2026 and closed on January 13, 2026 at a price band of ₹21–₹23 per share, was listed at ₹45 per share. The IPO was an Offer for Sale (OFS) of approximately 46.57 crore shares by Coal India Limited, and the company did not receive any proceeds from the issue.
📌 IPO Details
| Company Name | Bharat Coking Coal IPO |
|---|---|
| Sector / Industry | Coking Coal / Coal Mining / Energy Resources |
| IPO Open Date | 09-01-2026 |
| IPO Close Date | 13-01-2026 |
| Allotment Date | 14-01-2026 |
| Refund Date | 15-01-2026 |
| Share Credit Date | 15-01-2026 |
| Listing Date | 19-01-2026 |
| Price Band | ₹21 - ₹23 |
| Lot Size | 600 Shares |
| Min Investment | ₹13,800 |
| Net Issue Size | ₹1071.11 Cr |
| OFS | ₹1071.11 Cr |
| IPO Listing At | BSE NSE |
| DRHP | View DRHP |
| RHP | View RHP |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Discount | ₹1.00 (Employee Discount ) |
| Promoter Holding Pre IPO | 100.00 % |
| Promoter Holding Post IPO | 90.00% |
| Min Small HNI Lots | 9000.00 |
| Min Big HNI Lots | 43800.00 |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 29.75% |
| QIB (Qualified Institutional Buyers) | 42.50% |
| HNI (High Net Worth Individuals) | 12.75% |
| Employee | 5% |
| Shareholders | 10% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 18-01-2026 | ₹13.30 | ▲ | ₹36.30 | ₹7980.00 | 18-01-2026 21:52 |
| 17-01-2026 | ₹12.40 | ▼ | ₹35.40 | ₹7440.00 | 17-01-2026 23:27 |
| 16-01-2026 | ₹13.20 | ▼ | ₹36.20 | ₹7920.00 | 16-01-2026 21:14 |
📝 About Bharat Coking Coal
Bharat Coking Coal Limited (BCCL) is a wholly owned subsidiary of Coal India Limited (CIL), a Government of India enterprise. Incorporated in 1972, the Company is engaged in the mining and supply of coking coal, with its registered and corporate office located in Dhanbad, Jharkhand.
The Company’s mining operations are primarily concentrated in the Jharia Coalfield, which is one of India’s key sources of coking coal. BCCL undertakes coal mining activities through a combination of underground and opencast mines, supported by varying levels of mechanization in line with operational and geological requirements.
BCCL supplies coking coal mainly to domestic steel and industrial consumers in accordance with applicable linkage and allocation frameworks. Its operations are supported by established infrastructure, technical processes, and a workforce with experience in coal mining and allied activities.
As a public sector enterprise, the Company operates within a regulated framework and undertakes measures relating to mine safety, environmental management, and statutory compliance as required under applicable laws. BCCL also undertakes community and rehabilitation-related activities in mining areas as part of its obligations.The Company’s association with Coal India Limited provides organizational oversight and operational alignment within the broader public sector coal mining ecosystem.
Bharat Coking Coal Revised Financials
Profit / Loss & Total Assets (Last 3 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2023 | 13,707.40 | +664.78 | 13,312.85 |
| FY 2024 | 14,452.01 | +1,564.46 | 14,727.73 |
| FY 2025 | 14,597.53 | +1,240.19 | 17,283.48 |
Note: Positive figures indicate profit. Financial data sourced from the company’s IPO filings and public reports; total assets are as reported in restated financials. Figures are rounded to two decimals where applicable. (₹ Cr)
Bharat Coking Coal Limited – Objects of the Offer
- Offer For Sale by Selling Shareholder – The Offer comprises an Offer For Sale of equity shares by Coal India Limited. All proceeds from the Offer will be received by the Selling Shareholder.
- No Proceeds to the Company – Bharat Coking Coal Limited will not receive any funds from the Offer and therefore will not utilize the proceeds for business expansion, debt repayment, working capital, or any corporate purposes.
- Listing Benefits – The listing of equity shares on the stock exchanges is expected to enhance the visibility, brand recognition, and market presence of the Company.
- Liquidity and Public Shareholding – The Offer is intended to provide liquidity to the equity shares and achieve the benefits of listing in accordance with applicable regulatory requirements.
This Offer is an Offer For Sale only. The Company will not receive any proceeds from the Offer and has not earmarked any IPO funds for operational, capital, or strategic purposes.
Strengths of Bharat Coking Coal Limited
- Established Presence in Coking Coal Segment – Bharat Coking Coal Limited is engaged in the mining and supply of coking coal, primarily serving the domestic steel sector, in line with its operational mandate.
- Subsidiary of Coal India Limited – The Company is a wholly owned subsidiary of Coal India Limited, a Government of India enterprise, and operates within the public sector framework.
- Operations Concentrated in Jharia Coalfield – The Company’s mining activities are primarily located in the Jharia Coalfield, one of India’s important sources of coking coal.
- Operational Experience – The Company has several decades of experience in coal mining operations, including underground and opencast mining, supported by established operational processes.
- Workforce and Technical Capabilities – Operations are supported by a workforce with technical and operational expertise relevant to coal mining and associated activities.
- Focus on Safety and Regulatory Compliance – The Company undertakes measures related to mine safety, environmental management, and statutory compliance as required under applicable laws and regulations.
The above strengths are based on the Company’s operational profile and disclosures in the Red Herring Prospectus and should be read together with the associated risks and regulatory factors.
Risks & Challenges
- Regulatory and Policy Environment – The Company operates within a regulated framework applicable to public sector enterprises, mining laws, environmental approvals, and statutory clearances. Changes in regulations or policy requirements may affect operations.
- Mining and Operational Risks – Coal mining activities involve inherent risks, including safety incidents, equipment breakdowns, and geological challenges, which may impact production levels and operating costs.
- Pricing and Market Risks – Revenue is subject to applicable pricing mechanisms, demand conditions, and changes in coal consumption patterns within key end-user industries.
- Reserve and Resource Risks – Coal reserves are finite, and variations in reserve quality, extractability, or mine life may affect long-term production planning.
- Environmental and Compliance Obligations – Compliance with environmental laws, land reclamation requirements, and safety standards may result in additional costs or operational constraints.
- Competition and Energy Transition – The Company faces competition from other domestic producers, coal imports, and alternative energy sources, which may influence demand over time.
- Macroeconomic Factors – Demand for coking coal is linked to the performance of the steel and industrial sectors, which may be affected by broader economic conditions.
The risks described above are indicative and should be read together with the detailed risk factors disclosed in the Red Herring Prospectus.
Bharat Coking Coal Limited (BCCL)
India's Leading Coking Coal Producer | PSU under Coal India Limited
| Founded in: | 1972 |
|---|---|
| MD/CEO: | Mr. Anil Kumar Agrawal |
| Address: | Koyla Bhawan Dhanbad Jharkhand, India 826005 |
| Website: | www.bcclweb.in |
| Phone: | +91 657 2502111 |
| Email: | info@bcclweb.in |
| Services: | Coking Coal Mining, Coal Production, Coal Supply to Steel & Energy Industries |
IPO Quick Info
09 Jan 2026
13 Jan 2026
Upcoming
Lead Manager(s)
- ICICI Securities Ltd.
- IDBI Capital Markets & Securities Ltd.
Frequently Asked Questions
Investing in BCCL IPO provides exposure to India’s leading coking coal producer, potential listing gains, government backing, and participation in a strategic sector supporting steel and energy industries.