About
Bharat Coking Coal Limited (“BCCL”) was incorporated in 1972 as a Government of India enterprise. It is promoted by the President of India acting through the Ministry of Coal, with Coal India Limited as the corporate promoter. BCCL is a leading producer of coking coal in India and plays a critical role in supporting the domestic steel and power industries.The Company’s operations are concentrated in the Jharia coalfields in Jharkhand and the Raniganj coalfields in West Bengal. It is engaged in mining, processing and supply of coking coal, non-coking coal and washed coal. BCCL operates a mix of opencast and underground mines along with coal washeries.Its primary customers include steel producers and power utilities, with coal supplied largely under regulated allocation and fuel supply arrangements. The business model focuses on large-scale mining, operational efficiency and alignment with national energy and industrial priorities.BCCL’s key strengths include its strategic importance in India’s coking coal ecosystem, long operating history, established reserve base, and strong parentage under Coal India Limited and the Government of India.
IPO schedule
| Issue open date |
2026-01-09 |
| Issue close date |
2026-01-13 |
| UPI mandate deadline |
2026-01-13 (5 PM) |
| Allotment finalization |
2026-01-14 |
| Refund initiation |
2026-01-15 |
| Share credit |
2026-01-15 |
| Listing date |
2026-01-16 |
| Mandate end date |
2026-01-28 |
| Lock-in end date for anchor investors (50%) |
2026-02-13 |
| Lock-in end date for anchor investors (remaining) |
2026-04-14 |
Financials
| Financial Year Ended |
March 2024 |
March 2025 |
September 2025 |
| Total Assets |
14727.73 |
17283 |
18711.13 |
| Revenue |
14652.53 |
14401.63 |
6311.51 |
| Profit After Tax |
1564.46 |
1240.19 |
123.88 |
Issue size
| Funds Raised in the IPO |
Amount |
| Total issue size |
1071.11 |
| Offer for sale - Proceeds go to the existing investors |
1071.11 |
Strengths
- Leading producer of coking coal critical to India’s steel industry.
- Established operations since 1972 with deep mining expertise.
- Strong promoter backing from the Government of India and Coal India Limited.
- Access to significant coal reserves in key coalfields.
- Integrated mining and coal processing operations.
Risks
- Heavy dependence on demand from the steel sector.
- Geographic concentration of mines increases operational risk.
- Business is highly influenced by government regulation and policy.
- Exposure to contingent liabilities and legal proceedings.
- Reliance on Coal India Limited for strategic support.
Allotment Status for Bharat Coking Coal
To check your IPO allotment status:
- Visit the Kfin Technologies IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
If I hold COALINDA shares, will I be able to apply under the shareholder category? Or will this be a separate entity?
Hey Harsha,
Yes, you will be able to apply under the shareholder category if you hold COALINDIA shares in your demat account by the record date, which is January 1, 2026. The process is similar, explained here.
1 Like
Bharat Coking Coal IPO: Shareholder Quota
Bharat Coking Coal Limited (BCCL) plans to raise ₹1,071 crore through its initial public offering (IPO). As a wholly owned subsidiary of Coal India Limited, the company has reserved shares worth ₹107.1 crore—representing 10% of the total issue size—exclusively for Coal India shareholders.
Eligibility for the Bharat Coking Coal Shareholder Quota
According to the BCCL IPO prospectus, investors who held shares of Coal India Limited on or before January 1, 2026, are eligible to apply under the shareholder quota. This category is open only to Individual investors and Hindu Undivided Families (HUFs). The maximum application amount under the shareholder category is ₹2 lakh.
2 Likes