Retail investors, get ready – the Bharat Coking Coal IPO starts on Jan 9 and runs for five days.
What the IPO offers
The issue is a 100% offer‑for‑sale of 46.57 crore shares, priced between Rs 21 and Rs 23 each. No new capital is being raised, so the money goes to the selling shareholders.
- Minimum lot for retail investors: 600 shares (about Rs 13,800 at the cut‑off price).
- Maximum amount a retail investor can apply for: Rs 1.93 lakh.
- Non‑institutional investors need at least Rs 2.07 lakh (sNII) or Rs 10.07 lakh (bNII).
Special quota for Coal India shareholders
If you owned shares of Coal India on Jan 1, you qualify for a separate quota. You can bid up to Rs 2 lakh under this shareholder slot.
Coal‑India employees also get a Rs 1‑per‑share discount and can apply for up to Rs 5 lakh.
How to apply
Apply through your broker or the online platform you use for equity subscriptions. The steps are:
- Check that you held Coal India shares on the Jan 1 record date.
- Choose the category that fits you – retail, sNII, bNII, or the shareholder quota.
- Enter the number of shares (or amount) you want to bid, keeping within the limits above.
- Submit the application before the closing time on Jan 13.
Company snapshot
Bharat Coking Coal is a wholly‑owned subsidiary of Coal India and the biggest coking‑coal producer in the country, supplying about 58.5% of domestic output in FY 25. It runs 34 mines in Jharkhand and West Bengal and holds roughly 7,910 million tonnes of coking‑coal reserves.
- Production grew from 30.51 Mt in FY 22 to 40.50 Mt in FY 25.
- FY 25 revenue: Rs 14,402 crore.
- FY 25 profit after tax: Rs 1,240 crore.
- Return on capital employed: 30.13%.
- Return on net worth: 20.83%.
Key dates
- Record date for Coal India shareholders: Jan 1.
- IPO open: Jan 9.
- IPO close: Jan 13.
- Listing on BSE/NSE: Jan 16.
Disclaimer
Remember, this is only information, not investment advice. Do your own research and consider your risk tolerance before investing.