Bharat Coking Coal Limited (BCCL), India’s biggest producer of coking coal, is offering shares to the public for the first time in 2026.
Key IPO Highlights
- Price band: Rs21‑Rs23 per share
- Total issue size: Rs1,071 cr (46.57 crore shares)
- Type: Pure offer‑for‑sale by Coal India
- Listing: BSE and NSE
Who Can Buy?
Shares are split among qualified institutional buyers (up to 50%), non‑institutional investors (minimum 15%) and retail investors (minimum 35%). Employees of BCCL get a Rs1 discount per share.
Valuation Made Simple
At Rs23 the price‑to‑earnings (P/E) ratio is about 8.6, and at Rs21 it is around 7.9 – well below the industry average of roughly 17.
Important Dates
- Anchor investor bidding: 8 Jan 2026
- Public subscription opens: 9 Jan 2026
- Subscription closes: 13 Jan 2026
- Allotment & refunds: 14‑15 Jan 2026
- Trading starts: ~16 Jan 2026
About BCCL
Founded in 1972, BCCL mines coking coal in Jharkhand and West Bengal. It earned Mini‑Ratna status in 2014 and supplies raw and washed coal to steel, power and cement makers.
Financial snapshot: Net profit fell to Rs1,240 cr in FY25 from Rs1,564 cr in FY24, and to Rs124 cr in the first half of FY26. Revenue also slipped to Rs13,803 cr in FY25 and Rs5,659 cr in H1 FY26.
How to Apply
Retail investors can place orders through their bank’s ASBA portal. The minimum lot size is 1 share, and the maximum is 2 crore shares per investor.
Remember, this is my view, not a prediction. Do your own research before investing.