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Bharat Coking Coal Ltd
Listed
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal.
Issue details
Price band
₹21 – ₹23
Face value
₹10
Lot size
600 shares
Minimum investment
₹13,800
Issue size
₹1068.78 Cr
Fresh issue
—
Offer for sale
₹1068.78 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
9 Jan 2026
Closes
13 Jan 2026
UPI mandate cut-off
5:00 PM on 13 Jan 2026
Allotment
14 Jan 2026
Refunds
15 Jan 2026
Shares in demat
15 Jan 2026
Listing
19 Jan 2026
Subscription and listing
Subscription
107.48x
Listing price
₹45
Registrar
Kfin Technologies Ltd
Lead manager
IDBI Capital Markets & Securities, ICICI Securities
Subscription by category
Total
107.48x
Total applications
84,50,608
Anchor investors
Amount raised
₹273.13 Cr
Bid date
8 Jan 2026
50% lock-in ends
12 Feb 2026
Rest lock-in ends
13 Apr 2026
Listing day
Issue price
₹23
Open
₹45.00
High
₹45.09
Low
₹40.12
Day close
₹40.58
Listing gain at open
+95.65%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
19,79,22,500
42.50%
Anchor Investor Shares Offered
11,87,53,500
25.50%
QIB (Ex. Anchor) Shares Offered
7,91,69,000
17.00%
NII Shares Offered
5,93,76,750
12.75%
bNII > ₹10L
3,95,84,500
8.50%
sNII < ₹10L
1,97,92,250
4.25%
Retail Shares Offered
13,85,45,750
29.75%
Employee Shares Offered
2,32,85,000
5.00%
Shareholders Shares Offered
4,65,70,000
10.00%
Total Shares Offered
46,57,00,000
100.00%
Finaccle’s quick read
Avoid
FY25 income down 2%, PAT down 21%, post-issue P/E 43.23x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
—
ROCE
—
Debt / equity
—
PAT margin
1.96%
P/E post issue
43.23
Market cap
₹10,711.10 Cr
Use of IPO money
Strengths
Risks to watch
!
Revenue fell 2% in FY25
!
PAT fell 21% in FY25
!
Thin PAT margin of 1.96%
!
Entire issue is an offer for sale; company gets no fresh money
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.