Bharat Coking Coal came to market through an IPO that opened on 9 January 2026 and closed on 13 January 2026, and the shares listed on 19 January 2026 on BSE, NSE. The price band was ₹21 to ₹23 per share and one lot was 600 shares, so the minimum application was ₹13,800. The issue size was ₹1071.11 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.
Kfin Technologies Limited was the registrar to the issue, and IDBI Capital Markets Services Ltd., ICICI Securities Ltd were the lead managers.
As of 13 January 2026.
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Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is involved in the mining of coking coal, non-coking coal, and washed coals. The company is a wholly-owned subsidiary of Coal India Limited. As on March 31, 2025, the company has 32 mining facilities, which consist of 25 opencast, 3 underground, and 4 mixed mining facilities. The primary product that the company deals with is Coking coal, which is served to the steel and power sectors.
The approximate reserve of coking coal that BCCL has, as on April 1, 2024, is 7,910 million tonnes. In Fiscal 2025, BCCL's share in the overall domestic production of coking coal in India is 58.50 percent. It has operations in Jharia, Jharkhand, and Raniganj in West Bengal, with a total leasehold area of 288.31 square kilometers.
The business domains of the company are opencast and underground mining, coal washeries, monetization of idle coal washeries via the ‘Washery Developer Operator (WDO)’ approach, restarting abandoned underground mining via the ‘Mine Developer Operator (MDO)’ approach, and the monetization of a solar power project via self-consumption as well as injection into the grid. The coal production of the company grew from 30.51 million tons in Fiscal 2022 to 40.50 million tons in Fiscal 2025.
In Fiscal 2024, the company’s output of coking coal stood at 39.11 million tons, while that of non-coking coal was 1.99 million tons.
As described in the offer document.
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Bharat Coking Coal receives over Rs 273 crores from anchor investors before its initial public offering. Life Insurance Corporation of India (LIC) was the largest investors in the anchor book of BCCL, acquiring 3.39 crore equity shares of Rs 78 crore, followed by Nippon Life India and Bandhan Mutual Fund acquiring 3.26 crore equity shares of Rs 75 crore each.
Remaining anchor investors included Societe Generale, Societe Generale UTI Mutual Fund, Societe Generale Citrine Fund, Societe Generale Rajasthan Global Securities, Societe Generale M7 Global Fund. From the total allocation made to anchor investors, 7.17 crore shares were allocated to three mutual funds in India, namely Nippon Life India, UTI MF, & Bandhan Mutual Fund.
The President of India, acting through the Ministry of Coal, Government of India, Coal India Limited. Promoter holding 100% before the issue and 90% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Bharat Coking Coal IPO was a ₹1,071.11 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹21–₹23 per share with a lot size of 600 shares (₹13,800). The IPO was open from January 9 to January 13, 2026 and was subscribed 146.8x. Shares listed on BSE and NSE on January 19, 2026 at ₹45, a 95.7% premium to the issue price of ₹23. Kfin Technologies Ltd. is the registrar. IDBI Capital Markets Services Ltd.
and ICICI Securities Ltd. are the book running lead managers.
The price band of Bharat Coking Coal IPO is ₹21 to ₹23 per share.
The lot size of Bharat Coking Coal IPO is 600 shares.
The minimum investment for Bharat Coking Coal IPO is approximately ₹13,800 based on the upper price band.
The allotment date of Bharat Coking Coal IPO is Jan 14, 2026.
Bharat Coking Coal IPO's final recorded GMP before listing was ₹12 per share (a 52% premium over the ₹23 upper price band). The shares listed at ₹45. GMP is unofficial and does not forecast or guarantee the actual listing price.
Bharat Coking Coal IPO listed on Jan 19, 2026. It was issued at ₹45.0(NSE) and is currently around ₹30.39 as on 2-Nov-2026 3:30 PM, which is approximately 32.1% versus issue price. The 52-week high is ₹45.09.
You can check Bharat Coking Coal IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Bharat Coking Coal IPO allotment status on Rupix for quick and easy access.
₹21 to ₹23 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹13,800.
₹13,800, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 9 January 2026 and closed on 13 January 2026.
The basis of allotment was published on 14 January 2026 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 January 2026 on BSE, NSE.
The issue size was ₹1071.11 crore. The offer for sale was 46,57,00,000 shares (aggregating up to ₹1071.11 crore).