Upcoming IPO: Coal India’s Bharat Coking Coal IPO To Launch This Week | 5 Key Things To Know

Upcoming IPO: One of the first IPO-bound subsidiaries of Coal India has finally revealed its IPO timeline. The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, will open for subscription this week.

BCCL is the only mainboard IPO set to open for subscription in the coming week, whereas the remaining are SME IPO. Here are all the details about BCCL IPO.

Bharat Coking Coal IPO Key Dates

The mainboard IPO of Bharat Coking Coal Limited is all set to open for subscription on Friday, January 9 and will conclude on Tuesday, January 13. The IPO is expected to be finalised on January 14 and will be listed on BSE and NSE by January 16. Anchor investor bidding is set to begin on Thursday, January 8, while the company will disclose the IPO price band on Monday, January 5.

Bharat Coking Coal IPO Size

Bharat Coking Coal is a book build issue of 46.57 crore shares, which is an entirely offer for sale issue. The issue size is Rs 1,300 crore and will be executed entirely as an offer for sale by promoter Coal India.
Under the offer for sale structure, Coal India plans to divest up to 46.57 crore equity shares of Bharat Coking Coal.

About Bharat Coking Coal IPO

Incorporated in 1972, Bharat Coking Coal Limited is India's largest producer of coking coal and also one of the biggest holders of domestic coking coal reserves. As of April 1, 2024, estimated reserves stood at around 7,910 million tonnes, reflecting the scale of available resources.

The company operates as a wholly-owned subsidiary of Coal India and received "Mini Ratna status in 2014. Bharat Coking Coal's mining and related activities are mainly located in the Jharia coalfields in Jharkhand and the Raniganj coalfields spread across parts of West Bengal.

Coal India's BCCL's Profitability

For the financial year ended March 31, 2025, Bharat Coking Coal reported a net profit of Rs 1,240 crore. This compared with Rs 1,564 crore in FY24 and Rs 665 crore in FY23. Profit after tax for H1FY26 came in at Rs 124 crore, against Rs 749 crore a year earlier.
The company's revenue from operations for FY25 stood at Rs 13,803 crore, lower than Rs 14,246 crore in FY24 but above Rs 12,624 crore recorded in FY23. In H1FY26, revenue from operations was Rs 5,659 crore, compared with Rs 6,846 crore during H1FY25.
Bharat Coking Coal IPO Book Running Lead Managers

IDBI Capital Markets & Securities and ICICI Securities Limited are acting as Book Running Lead Managers to the Bharat Coking Coal IPO, while KFin Technologies Limited is the registrar. The grey market premium for the issue has not yet opened, indicating that informal price discovery is still pending.