Athira Sethu
Kochi, 5 Jan 2026
Bharat Coking Coal Limited, located in Dhanbad, was established in 1972, and its products include coking coal, non-coking coal, and clean coal. It is a subsidiary of Coal India that has 34 mines, which include both underground and open-cast mines.
The Initial Public Offering (IPO) of BCCL will begin on Thursday, the 9th of January, at a price of Rs 21-23 per share, and one has to apply for a minimum of 600 shares. The issue closes on the 13th of January.
This is an offer for sale, which offers up to 46,570,000 shares in the market, raising a total of Rs 1,068.78 crore. The Indian Government, in the Ministry of Coal, as well as Coal India, is the promoter of BCCL, where the company won’t receive any funds as a result of this offering.
The IPO also has a special allotment for the employees of BCCL, wherein 2,328,500 shares will be allotted to them at a discount of Re 1 per share. Also, 4,657,000 shares will be allotted to the eligible shareholders of Coal India as of January 1.
Based on the total offer, 50% shares are allocated for institutional investors, 15% shares for non-institutional investors, and 35% shares for retail investors. Currently, a premium of Rs 16.25 is offered per share for this company over the grey market, implying a potential increase of over 70% after listing.
For the third quarter ended September 2025, BCCL registered a profit of Rs 123.88 crores along with revenues of Rs 6,311.51 crores. In the financial year ended March 2025, BCCL’s net profit stood at Rs 1,240.18 crores along with revenues of Rs 14,401.63 crores. Post listing, BCCL will have a market cap of approximately Rs 10,711 crores.
The initial public offering has been facilitating by IDBI Capital Markets Services and ICICI Securities, with the registration process being handled by Kfin Technologies. The shares will be listed on the BSE and NSE on Friday, the 16th of January.
