Bharat Coking Coal Ltd, a subsidiary of Coal India, is launching an IPO that many retail investors are eyeing.
Company at a glance
Founded in 1972, the company mines coking coal in Jharkhand and West Bengal. It supplies coal mainly to steel makers and power plants.
Production growth
- Produced 30.51 million tonnes in FY 2022.
- Reached 40.50 million tonnes in FY 2025, a 32.7% rise.
- Accounts for about 58.5% of India’s total coking‑coal output in FY 2025.
Reserves
As of 1 April 2024, the firm holds roughly 7,910 million tonnes of coal reserves, making it one of the biggest reserve owners in the country.
IPO pricing and valuation
- Shares are priced at a price‑to‑earnings (P/E) multiple of 38.3 ×.
- Enterprise‑value‑to‑EBITDA multiple stands at 24.1 ×.
- Post‑issue market capitalisation is about ₹26,018 million.
Analyst view
The IPO appears fully priced, and analysts recommend a “Subscribe Long‑Term” stance, suggesting investors hold the shares for several years.
Key takeaway
If you’re looking for exposure to India’s biggest coking‑coal producer, the Bharat Coking Coal IPO offers a clear entry point, but be mindful of the valuation multiples.
Remember, this is just an opinion, not a guarantee. Do your own research or consult a certified advisor before investing.