Bharat Coking Coal IPO GMP, Price, Date, Allotment & Subscription Status

Bharat Coking Coal Limited (BCCL), a wholly-owned subsidiary of Coal India Limited, is launching its initial public offering (IPO). This marks the first mainboard IPO of 2026 and is entirely an Offer for Sale (OFS). In this article, let’s discuss the Bharat Coking Coal IPO, including its Grey Market Premium (GMP), price band, key dates, financials, and much more.

What is Bharat Coking Coal Ltd IPO?

The BCCL IPO is a book-built issue structured entirely as an Offer for Sale (OFS).

• Issue Size: ₹1,071.11 crore
• Listing Exchanges: BSE and NSE
• Lead Managers: IDBI Capital Markets & Securities Limited and ICICI Securities Limited
• Registrar: KFin Technologies Limited

Bharat Coking Coal IPO Key Timeline

Bharat Coking Coal Ltd Key IPO Details

• IPO Open Date: January 09, 2026.
• IPO Close Date: January 13, 2026.
• Issue Size: ₹1,071.11 Crores (46,570,000 equity shares).
• Fresh Issue: ₹0 Crores.
• Offer for Sale: ₹1,071.11 Crores (46,570,000 equity shares).
• Face Value: ₹10 per equity share.
• Price Band: ₹21 to ₹23 per share.
• Lot Size: 600 shares.
• Minimum Investment (Retail): ₹13,800 (at upper band).
• Minimum Investment (sHNI): ₹193,200 (14 lots).
• Minimum Investment (bHNI): ₹966,000 (70 lots).
• IPO Reservation :
  • Qualified Institutional Buyers (QIB): Not more than 50%.
  • Non-Institutional Investors (NII/HNI): Not less than 15%.
  • Retail Investors: Not less than 35%.
  • Shareholder Reservation: 10% of the issue (Coal India shareholders).
  • Employee Reservation: Discount of ₹1 per share for their employees.
• UPI Mandate Confirmation Cut-off: Tuesday, January 13, 2026. 5:00 PM. 

Bharat Coking Coal Limited (BCCL) IPO GMP Today

The grey market premium reflects unofficial trading sentiment ahead of listing. GMP is volatile and not a guaranteed indicator.

As of today January 09, 2026, the Bharat Coking Coal IPO GMP stands at approximately ₹11.5, implying a listing price of ₹34.5 per share, which is about 50% premium over the upper band of ₹23.

Bharat Coking Coal IPO Subscription Status

Check the latest Bharat Coking Coal IPO subscription status today, including retail, QIB, and NII subscription details, in the table below.

Bharat Coking Coal Ltd IPO Objectives

• Divestment and Listing Benefits: The IPO enables partial divestment by Coal India while providing listing benefits such as enhanced transparency and market discipline.
• No Capital Infusion: As a pure OFS, proceeds go entirely to the selling shareholder (Coal India Limited). The company receives no funds.
• Shareholder Quota: A dedicated reservation for Coal India shareholders promotes broader public participation.

About Bharat Coking Coal Limited

Bharat Coking Coal Limited (BCCL) was incorporated in 1972 and is primarily engaged in the mining and production of coking coal, non-coking coal, and washed coal. It operates mainly in the Jharia coalfields in Jharkhand and the Raniganj coalfields in West Bengal.

• Headquarters: Koyla Bhawan, Koyla Nagar, Dhanbad, Jharkhand, India
• Ownership: Wholly owned by Coal India Limited.
• Scale: As of April 1, 2024, BCCL holds estimated coking coal reserves of approximately 7,910 million tonnes. In FY2025. 
  It contributed 58.50% of India's total domestic coking coal production and operates 32 mines (25 opencast, 3 underground, and 4 mixed).

BCCL supplies critical raw materials to the steel and power sectors, supporting India's import substitution efforts under the Atma Nirbhar Bharat initiative.

Bharat Coking Coal Business Overview

BCCL is India's dominant producer of prime coking coal, essential for steel manufacturing.

• Core Operations: BCCL involves in Mining of raw coking and non-coking coal, along with washing through five washeries (capacity 13.65 MTPA).
• Production: Raw coal offtake of 38.26 million tonnes in FY2025, with the power sector as the largest consumer (77.61%).
• Market Position: Holds the largest coking coal washery capacity in India and supports steel capacity expansion targets (300 MT by FY2031).
• Initiatives: BCCL has plans to add new washeries, planning to restore underground mines via MDO mode, and exploring coal-bed methane projects.

Bharat Coking Coal Ltd Key Highlights

• Reserves and Dominance: BCCL has a 7.91 billion tonnes reserves which is a hopping 58.5% share in domestic coking coal.
• Growth: Coal production increased from 30.51 MT in FY2022 to 40.50 MT in FY2025.
• Strategic Importance: Key role in reducing coking coal imports for the steel industry in India.
• PSU Backing: Strong parentage from Coal India ensures operational and key regulatory support.

Strengths and Challenges of Bharat Coking Coal Ltd.

Strengths:

• Market Leadership: Largest producer of prime coking coal with extensive reserves.
• Operational Scale: BCCL has a diverse mine portfolio and washery infrastructure in India.

Challenges:

• OFS Structure: No fresh capital for company growth or expansion.
• Sector Risks: The company’s savings are declining, most of its income comes from just a few customers (over 80% from the top 10), and, in the long run, the market is moving away from its business toward renewable energy.
• Regulatory Dependence: The coal allocation and pricing are influenced by government policies.
• Environmental Concerns: Coal mining faces ESG pressures.

Bharat Coking Coal Ltd Financial Performance

How to Apply for Bharat Coking Coal IPO?

Investors can apply via ASBA (online/offline) or UPI.

Online ASBA/UPI:

1. Log in to your broker's platform.
2. Navigate to the IPO section.
3. Select "Bharat Coking Coal Ltd IPO".
4. Enter the details of the bid, such as lots, price, and  UPI ID if applicable.
5. Submit and confirm the mandate by 5 PM on the closing date.

Offline:

1. Obtain form from broker/exchange.
2. Fill details and submit to the broker.

Bharat Coking Coal Limited (BCCL) IPO Allotment Status

The Bharat Coking Coal Limited (BCCL) IPO allotment status will be available on KFin Technologies Limited on Jan 14, 2026. Follow the below steps to check your allotment status online.

• Visit the KFin Technologies Limited website.
• Select “Bharat Coking Coal Limited” from the “Dropdown”.
• Click on any of the option PAN, application number, or DP/Client ID.
• Enter your details to confirm identity for verification of bid.
• Click “Search” to view your allotment status.

Note: Allotment status can check through the NSE, BSE websites as well as with the stockbroker also once the allotment results are out.

Bharat Coking Coal Ltd IPO Contact Details

Registrar:

• Name: KFin Technologies Limited
• Address: Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032
• Telephone: +91 40 6716 2222
• E-mail: bccl.ipo@kfintech.com

Lead Managers:

• Name: IDBI Capital Markets & Securities Limited.
• Contact Person: Sri Krishna Tapariya / Himanshu Shekhar Jha
• Telephone: +91 22 4069 1953
• Email: bccl.ipo@idbicapital.com

Company:

• Name: BHARAT COKING COAL LIMITED
• Address: Koyla Bhawan, Koyla Nagar, Dhanbad Jharkhand, India – 826005
• Email: cos.bccl@coalindia.in
• Telephone: +91 326-2230190

Conclusion

The Bharat Coking Coal IPO presents a compelling opportunity to invest in India's leading coking coal producer, backed by strong reserves, strategic importance to the steel sector, and a decent grey market premium signaling potential listing gains.

With its PSU parentage and role in import substitution, it could appeal to long-term investors seeking exposure to the energy space.

Disclaimer: The information provided in the article is only for educational purpose and should not be taken as an investment advice. Investors are advised to conduct their own research and consult SEBI-registered financial advisors before making any investment decisions. 
Grey market premiums are unofficial and volatile, and past performance is not indicative of future results.

Related Articles:
1. Globe Civil IPO GMP, Date, Price, Allotment Status
2. HDB Financial Services IPO GMP, Price, Date, Allotment Status
3. Cryogenic OGS IPO GMP, Price, Date, Allotment Status
4. GLEN Industries IPO GMP, Price, Date, Allotment Status
5. Anthem Biosciences IPO GMP, Price, Dates, and Allotment Status
6. Shanti Gold International IPO GMP, Price, Date, Allotment Status
7. BlueStone Jewellery IPO GMP, Price, Date, Allotment Status
8. Regaal Resources IPO GMP, Price, Date, Allotment Status