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BC

Bharat Coking Coal

Listed MAINBOARD BSE, NSE · Coal

Price Band

₹21.0–23.0

Issue Size

₹1068.78 Cr

Lot Size

600 shares

Min Investment

₹13,800

GMP

+₹18.5 (80.43%)

Issue Price

₹23.0

calendar_month Important Dates

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IPO Open Date
Fri, 09 Jan 2026
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IPO Close Date
Tue, 13 Jan 2026
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Allotment Date
Wed, 14 Jan 2026
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Refund Initiation
Thu, 15 Jan 2026
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Credit of Shares
Thu, 15 Jan 2026
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Listing Date
Mon, 19 Jan 2026
Listing Price
₹41.5 +80.43%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹18.5

GMP %

+80.43%

Est. Listing

₹41.5

schedule Updated: 14 Jul 2026 15:53

business About the Company

Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal. The company is a wholly-owned subsidiary of Coal India Limited. As of September 30, 2025, the company operates a network of 34 operational mines, including four underground, 26 opencast, and four mixed mines. The company's primary product is coking coal, catering to the steel and power industries. As of April 1, 2024, BCCL has an estimated coking coal reserve of approximately 7,910 million tonnes. In Fiscal 2025, BCCL accounted for 58.50% of the total domestic coking coal production in India. The company operates across Jharia, Jharkhand, and Raniganj, West Bengal, covering a total leasehold area of 288.31 square kilometres. The company's operations include opencast and underground mining projects, coal washeries, monetisation of idle washeries through the Washery Developer and Operator (WDO) model, reopening discontinued underground mines through the Mine Developer and Operator (MDO) model, and solar power project monetisation through self-consumption and grid injection. The company's coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal. Competitive Strenghts ## Largest coking coal producer in India with access to large reserves. Strategically located mines with large washeries. Well-positioned to capitalise on demand for coking coal in India. Strong parentage of Coal India Limited. Consistent track record of growth and financial performance.

payments Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 18,711.13 17,283.48 14,727.73 13,312.86
Total Income 6,311.51 14,401.63 14,652.53 13,018.57
Profit After Tax 123.88 1,240.19 1,564.46 664.78
EBITDA 459.93 2,356.06 2,493.89 891.31
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 Borrowing 1,559.13

Key Ratios

EPS

₹2.66

NAV

₹14.07

ROCE

30.13%

RoNW

20.83%

P/B Value

1.63

P/E Ratio

8.64

Market Cap

₹10711.10 Cr

PAT Margin

8.61%

Promoters

President of India

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Achieve the benefits of listing the Equity Shares on the Stock Exchange

info Issue Details

Issue Type MAINBOARD Book Built
Issue Size ₹1068.78 Cr
Price Band ₹21.0 – ₹23.0
Issue Price ₹23.0
Lot Size 600 shares
Min Investment ₹13,800
Exchange BSE, NSE
Sector Coal
Open Date 09 Jan 2026
Close Date 13 Jan 2026
Allotment 14 Jan 2026
Listing Date 19 Jan 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance ICICI Securities Ltd.
account_balance IDBI Capital Markets & Securities Ltd.

timeline IPO Timeline

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Open

09 Jan 2026

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Close

13 Jan 2026

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Allotment

14 Jan 2026

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Listing

19 Jan 2026

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