Retail investors can now bid for shares of Bharat Coking Coal Limited (BCCL) as its IPO opens on January 8.
Key Dates and Offer Details
- Bid opening: Friday, Jan 8, 2026
- Bid closing: Wednesday, Jan 13, 2026
- Issue size: Rs 1,300 crore
- Shares for sale: up to 46.57 crore equity shares
- Price band announcement: Monday, Jan 5, 2026
About Bharat Coking Coal
Founded in 1972, BCCL is India’s biggest producer of coking coal and holds about 7,910 million tonnes of reserves. It operates mainly in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal. The company is a wholly‑owned subsidiary of Coal India and earned “Mini‑Ratna” status in 2014.
Recent Financial Performance
- Net profit FY 2025: Rs 1,240 crore (down from Rs 1,564 crore in FY 2024)
- Revenue FY 2025: Rs 13,803 crore (slightly lower than Rs 14,246 crore in FY 2024)
- H1 FY 2026 profit after tax: Rs 124 crore, versus Rs 749 crore a year earlier
- Coking‑coal production in FY 2024 hit a record 39.11 million tonnes, growing at a 5.8% CAGR from FY 2023 to FY 2025
How the IPO Is Structured
The entire issue is an Offer for Sale (OFS), meaning the promoter, Coal India, is selling its existing stake. Anchor investors can place bids from Thursday, Jan 8. The book‑running lead managers are IDBI Capital Markets & Securities and ICICI Securities. KFin Technologies is handling registration.
What Investors Should Know
- Since the IPO is an OFS, the proceeds go to the promoter, not to BCCL’s expansion.
- The grey‑market premium (GMP) has not yet formed, indicating that market sentiment is still shaping.
- Investors should watch the final price band announced on Jan 5 before placing bids.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.