Bharat Coking Coal IPO Details 2026: GMP, Price Band, Dates & Shareholder Quota
08 January 2026 ·
A detailed guide to Bharat Coking Coal Limited IPO covering price band, GMP trends, shareholder quota, financials, and key risks.
Introduction to Bharat Coking Coal IPO
The Bharat Coking Coal IPO has attracted significant attention from market participants as one of the largest public sector offerings in early 2026. As a wholly owned subsidiary of Coal India Limited, Bharat Coking Coal Limited (BCCL) plays a crucial role in India’s steel and power ecosystem by supplying coking coal—a critical raw material for steel manufacturing.
This article provides a comprehensive overview of Bharat Coking Coal IPO details, including IPO price band, shareholder quota, GMP trends, financials, business strengths, and risk factors to help investors understand the issue better.
Bharat Coking Coal IPO Key Highlights
| Parameter | Details |
|---|---|
| IPO Type | Book Building IPO |
| Issue Size | ₹1,071.11 Crore |
| Offer Type | Offer for Sale (OFS) |
| Price Band | ₹21 – ₹23 per share |
| Face Value | ₹10 per share |
| Listing Exchanges | BSE, NSE |
Bharat Coking Coal IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | January 9, 2026 |
| IPO Closes | January 13, 2026 |
| Allotment Date | January 14, 2026 |
| Refund Initiation | January 15, 2026 |
| Shares Credited | January 15, 2026 |
| Listing Date | January 16, 2026 |
Bharat Coking Coal IPO Price Band & Lot Size
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | 13,800 |
| Retail (Max) | 14 | 8,400 | 1,93,200 |
| S-HNI (Min) | 15 | 9,000 | 2,07,000 |
| B-HNI (Min) | 73 | 43,800 | 10,07,400 |
Bharat Coking Coal IPO GMP: What It Indicates
The Bharat Coking Coal IPO GMP (Grey Market Premium) reflects unofficial market sentiment ahead of listing. GMP trends typically fluctuate based on:
Overall market conditions
PSU valuation appetite
Steel sector outlook
Policy developments
While GMP can indicate short-term sentiment, it should not be treated as a guaranteed indicator of listing performance.
About Bharat Coking Coal Limited
Incorporated in 1972, Bharat Coking Coal Limited is a wholly owned subsidiary of Coal India Limited. The company is primarily engaged in:
Coking coal production
Non-coking coal production
Washed coal operations
As of September 30, 2025, BCCL operates 34 mines across Jharkhand and West Bengal.
Business Model & Operations
BCCL’s operations include:
Opencast and underground mining
Coal washeries and beneficiation
Washery monetisation via WDO model
Mine reopening through MDO framework
Solar power projects for internal consumption
Its diversified operational structure supports efficiency and scale.
Competitive Strengths
Key strengths of Bharat Coking Coal Limited include:
Largest coking coal producer in India
Strategic mine locations near steel clusters
Strong parentage of Coal India Limited
Consistent production growth
Large proven coal reserves
Industry Outlook: Coking Coal in India
India’s growing steel capacity and infrastructure push continue to drive demand for coking coal. Domestic production plays a key role in reducing import dependence, positioning BCCL as a strategic asset in India’s industrial supply chain.
Bharat Coking Coal IPO Financial Performance
| Metric | FY2023 | FY2024 | FY2025 | Sep 2025 |
|---|---|---|---|---|
| Total Assets | 13,312.86 | 14,727.73 | 17,283.48 | 18,711.13 |
| Total Income | 13,018.57 | 14,652.53 | 14,401.63 | 6,311.51 |
| Profit After Tax | 664.78 | 1,564.46 | 1,240.19 | 123.88 |
| Net Worth | 3,791.01 | 5,355.47 | 6,551.23 | 5,830.89 |
Key Risks to Consider
Regulatory and environmental risks
Dependence on steel sector demand
Pricing controls in PSU operations
Operational risks in underground mining
How to Apply for Bharat Coking Coal IPO
Investors can apply via:
ASBA through banks
Online IPO platforms
Broker trading apps
Bidding must be done in multiples of the prescribed lot size.
Should You Track the Bharat Coking Coal IPO?
The Bharat Coking Coal IPO offers exposure to a strategically important PSU operating in a core industrial sector. Investors tracking PSU listings, coking coal demand, and infrastructure-linked growth may find the issue worth monitoring—while carefully evaluating valuations and sector risks.
FAQs on Bharat Coking Coal IPO
Q1. What is the Bharat Coking Coal IPO price band?
₹21 to ₹23 per share.
Q2. What is the Bharat Coking Coal IPO GMP today?
GMP varies daily and reflects unofficial market sentiment.
Q3. Is this IPO a fresh issue?
No, it is entirely an Offer for Sale.
Q4. When is the Bharat Coking Coal IPO listing date?
January 16, 2026 (tentative).