Bharat Coking Coal Limited (BCCL) IPO: Dates, Price Band, GMP & Profit
Bharat Coking Coal Limited (BCCL) is a wholly owned subsidiary of Coal India Limited (CIL). It is India’s largest producer of coking coal, which is mainly used in steel manufacturing.
In FY25, BCCL supplied 58.50% of India’s total domestic coking coal. It is also the only producer of prime coking coal in the country. The company holds coal reserves of around 7.91 billion tonnes.
BCCL operates 32 mines (25 opencast, 3 underground, and 4 mixed), mainly located in the Jharia and Raniganj coalfields. Its major customers include power plants and steel companies.
1. BCCL IPO Details & Important Dates
| Particular | Details |
|---|---|
| IPO Opens | January 9, 2026 |
| IPO Closes | January 13, 2026 |
| Expected Price Band | ₹22 – ₹23 per share |
| Lot Size | 652 shares |
| Minimum Investment | ₹14,996 |
| Issue Size | 46.57 crore shares (OFS around ₹1,300 Cr) |
| Allotment Date | January 14, 2026 |
| Listing Date | January 16, 2026 |
2. Bharat Coking Coal IPO GMP Today
The Grey Market Premium (GMP) shows strong interest from traders, mainly due to BCCL’s PSU background and low IPO price.
| Date | IPO Price | GMP (Unofficial) | Expected Gain |
|---|---|---|---|
| Today | ₹23 | ₹13 | ~56.5% |
3. Bharat Coking Coal IPO Financials
BCCL has shown stable revenue over the years. However, profit margins dipped in H1 FY26 due to higher costs and operational changes.
| ₹ Crore | FY23 | FY24 | FY25 | H1 FY26 |
|---|---|---|---|---|
| Revenue | 13,296.73 | 14,045.34 | 13,998.45 | 5,659.02 |
| Profit (PAT) | 664.78 | 1,564.46 | 1,240.19 | 123.88 |
| Margin | 5.00% | 11.14% | 8.86% | 2.08% |
4. Bharat Coking Coal IPO Key Strengths & Risks
Strengths
- Largest coking coal producer in India
- Only source of prime coking coal
- Long reserve life of 7.91 billion tonnes
- Strong backing from Coal India and Government of India
Risks
- Operations limited to only two coalfields
- Heavy dependence on contractors
- Dependence on limited suppliers for fuel and explosives
5. Bharat Coking Coal IPO FAQs
1. When is the Bharat Coking Coal (BCCL) IPO opening and closing?
The BCCL IPO will open on January 9, 2026 and close on January 13, 2026.
The allotment is expected on January 14, 2026, with listing scheduled for
January 16, 2026.
2. What is the price band and minimum investment for BCCL IPO?
The expected price band for the Bharat Coking Coal IPO is ₹22–₹23 per share.
The lot size is 652 shares, requiring a minimum investment of approximately
₹14,996 at the upper price band.
3. What is the current GMP of Bharat Coking Coal IPO?
The current Grey Market Premium (GMP) for the BCCL IPO is around ₹13, indicating a
possible listing gain of approximately 56%, subject to market conditions.
4. Is Bharat Coking Coal IPO a PSU IPO?
Yes. Bharat Coking Coal Limited is a wholly owned subsidiary of Coal India Limited,
making it a PSU IPO backed by the Government of India.
5. What are the key strengths of Bharat Coking Coal Limited?
BCCL is India’s largest coking coal producer, contributes 58.5% of domestic coking coal
supply, is the only producer of prime coking coal, and holds coal reserves of
7.91 billion tonnes, supported by Coal India.
6. What are the key risks investors should consider in the BCCL IPO?
Key risks include operations concentrated in two coalfields, high dependence on contractors, and a
limited supplier base for fuel and explosives, which may impact margins during cost fluctuations.
Disclaimer: This content is for educational purposes only and not investment advice.