Founded in 1972, Bharat Coking Coal Limited (BCCL) operates as a wholly-owned subsidiary of Coal India Limited, specializing in the production of coking coal, non-coking coal, and washed coal for industries such as steel and power. With 34 operational mines—comprising four underground, 26 opencast, and four mixed mines—as of September 30, 2025, the company’s activities are spread across a 288.31 square kilometer leasehold area in Jharia, Jharkhand, and Raniganj, West Bengal. As of April 1, 2024, BCCL’s estimated coking coal reserves stand at roughly 7,910 million tonnes, and in Fiscal 2025 the company contributed 58.50% of India’s total domestic coking coal output. Its operations span opencast and underground mining projects, coal washeries, the monetisation of idle washeries and discontinued mines via the WDO and MDO models, and the development of solar power projects.
Bharat Coking Coal Limited (BCCL) is set to launch a Book Built IPO, opening for subscription on January 9, 2026, and closing on January 13, 2026. The company aims to raise approximately ₹1,071 crores through this offering, which comprises a fresh issue and an offer for sale of up to 46.57 crore equity shares with a face value of ₹10 each. The price band has been set between ₹21 and ₹23 per share.
The allocation quota is divided as 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net Worth Individuals (HNI). The share allotment is scheduled for January 14, 2026, with listing on both the BSE and NSE expected on January 16, 2026. Financially, the company reported a revenue of ₹14,401.63 crores in 2025, compared to ₹14,652.53 crores in 2024, while its profit stood at ₹1,240.19 crores in 2025, down from ₹1,564.46 crores in the previous year.
Bharat Coking Coal IPO Details
| IPO Date | January 9, 2026 to January 13, 2026 |
| Listing Date | Fri, Jan 16, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹21 to ₹23 |
| Lot Size | 600 Shares |
| Issue Size | Approx ₹1,071 Crores |
| Sale Type | Offer For Sale |
| Issue Type | Book building IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,65,70,00,000 shares |
| Share Holding Post Issue | 4,65,70,00,000 shares |
Bharat Coking Coal IPO Dates
Bharat Coking Coal IPO opens for subscription on January 9 and will close on January 13. The share allotment is scheduled for January 14, with the listing date set for January 16.
| IPO Open Date | Fri, Jan 9, 2026 |
| IPO Close Date | Tue, Jan 13, 2026 |
| Tentative Allotment | Wed, Jan 14, 2026 |
| Refunds | Thu, Jan 15, 2026 |
| Credit of Shares to Demat | Thu, Jan 15, 2026 |
| Tentative Listing Date | Fri, Jan 16, 2026 |
Bharat Coking Coal IPO Market Lot
Bharat Coking Coal IPO, the minimum investment is one lot of 600 shares, costing ₹13,800. Retail investors have the option to apply for a maximum of 13 such lots, which translates to 8,400 shares for a total amount of ₹1,93,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹13,800 |
| Retail Maximum | 14 | 8,400 | ₹1,93,200 |
| S-HNI Minimum | 15 | 9,000 | ₹2,07,000 |
| S-HNI Maximum | 72 | 43,200 | ₹9,93,600 |
| B-HNI Minimum | 73 | 43,800 | ₹10,07,400 |
