Bharat Coking Coal Ltd IPO Details

IPO Details

Bharat Coking Coal Ltd

MainboardListed

Open:Fri, 09 Jan 2026

Close:Tue, 13 Jan 2026

Lot Size:600 Shares

Price Band:₹ 21 - ₹ 23

Listing:NSE, BSE

Fresh Issue:-

OFS:1071.11 Cr

Total IPO Size:1071.11 Cr

QIB : 50%

Retail : 35%

Total HNI : 15%

IPO Timeline

Event	Date
Open Date	09-01-2026 , Friday
Close Date	13-01-2026 , Tuesday
Tentative Allotment	14-01-2026 , Wednesday
Tentative Listing Date	19-01-2026 , Monday
Retail Appl. Cut Off Time	13-01-2026 , Tuesday 05:00 PM
Non Retail Appl. Cut Off Time	13-01-2026 , Tuesday 04:00 PM
Anchor Allotment	08-01-2026 , Thursday
Initiation Of Refund	15-01-2026 , Thursday
Credit Of Share To Demat	15-01-2026 , Thursday

Subscription Data

Category	Size (In Cr)	Subscribed (In Cr)	No of Times (x)
QIB	182.09	1,13,189.99	*621.62*
bNII (Above 10L)	91.04	50,191.57	*551.29*
sNII (2L to 10L)	45.52	20,321.20	*446.40*
NII Total	136.57	70,512.77	*516.33*
Retail	318.66	31,438.69	*98.66*
Employee	51.23	530.31	*10.35*
Shareholder	107.11	18,699.70	*174.58*
Total	795.65	2,34,371.46	*293.74*

IPO Structure

Category	Percentage	No. of Shares Offered	Amount
QIB	50.00 %	19,79,22,500	455.22 Cr
Retail	35.00 %	13,85,45,750	318.66 Cr
Total HNI	15.00 %	5,93,76,750	136.56 Cr
SHNI	5.00 %	1,97,92,250	45.52 Cr
BHNI	10.00 %	3,95,84,500	91.04 Cr
Employee	0.00 %	2,32,85,000	51.23 Cr
Shareholder	0.00 %	4,65,70,000	107.11 Cr

Lot Size Details

Application	Discount	Qty (Lot)	Total
Retail MIN	-	600 (1)	₹ 13,800
Retail MAX	-	8400 (14)	₹ 1,93,200
SHNI MIN	-	9000 (15)	₹ 2,07,000
SHNI MAX	-	43200 (72)	₹ 9,93,600
BHNI MIN	-	43800 (73)	₹ 10,07,400
Employee MIN	₹ 1	600 (1)	₹ 13,200
Employee MAX	₹ 1	22200 (37)	₹ 4,88,400
Shareholder MIN	-	600 (1)	₹ 13,800
Shareholder MAX	-	8400 (14)	₹ 1,93,200

Financials

Profit & Loss (Values In Crore)

Particulars	Sept 30, 2025	Sept 30, 2024	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Revenue from Operations	56,590.20	68,461.90	1,38,025.50	1,42,458.60	1,26,240.60
Other Income	6,524.90	2,445.10	5,990.80	4,066.70	3,945.10
Total Income	63,115.10	70,907.00	1,44,016.30	1,46,525.30	1,30,185.70
Cost of Materials Consumed	2,727.30	3,073.60	6,409.20	7,421.70	9,891.60
Changes in inventories	1,036.90	-1,235.00	-5,625.80	-3,321.30	-137.20
Employee Benefits Expense	30,375.20	33,363.40	65,423.74	69,506.70	71,479.30
Finance Costs	600.50	321.90	724.90	618.30	556.90
Depreciation/Amortization/ Impairment	2,005.40	2,172.40	5,806.80	3,403.90	3,054.30
Stripping Activity Adjustment	-5,854.60	-5,023.30	-7,723.00	-1,851.70	N/A
Contractual Expense	20,588.30	18,323.20	43,115.10	31,686.40	23,913.50
Other Expenses	9,642.70	8,670.40	18,856.46	18,144.60	16,125.40
Total Expenses	61,121.70	59,666.60	1,26,987.40	1,25,608.60	1,24,883.80
Profit before Tax	1,993.40	11,240.40	17,028.90	20,916.70	5,301.90
Tax Expense	754.60	3,753.40	4,627.00	5,272.10	-1,345.90
Profit for the period	1,238.80	7,487.00	12,401.90	15,644.60	6,647.80
Other Comprehensive Income	-788.70	-1,847.10	-547.50	-466.40	-1,346.50
Total Comprehensive Income for the period	450.10	5,639.90	11,854.40	15,178.20	5,301.30
Basic EPS	0.27	1.61	2.66	3.36	1.43
Diluted EPS	0.27	1.61	2.66	3.36	1.43

Balance Sheet (Values In Crore)

Particulars	Sept 30, 2025	Sept 30, 2024	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Property, Plant & Equipment	49,362.10	38,848.50	42,644.10	34,385.70	29,078.10
Capital Work in Progress	18,424.70	15,861.60	16,167.80	13,678.10	12,998.30
Exploration and Evaluation Assets	524.30	1,652.50	2,278.20	1,632.90	1,553.60
Intangible Assets	79.50	107.80	94.90	126.60	156.80
Financial Assets	11,709.90	10,581.90	10,189.00	8,866.20	7,058.60
Deferred Tax Assets (Net)	5,572.70	5,937.80	5,628.30	7,170.80	10,482.70
Other non-current assets	10,696.80	9,429.70	10,426.50	8,569.00	6,208.50
Total Non - Current Assets	96,371.40	82,419.80	87,428.80	74,429.30	67,536.60
Inventories	19,517.60	15,140.20	19,601.40	13,815.80	10,290.60
Investments	N/A	22.60	4.10	2,665.20	797.20
Trade Receivables	22,025.20	14,490.70	18,477.60	13,332.50	12,511.50
Cash & Cash equivalents	4,288.70	4,233.90	1,675.40	2,858.20	5,449.40
Other Bank Balances	6,501.90	7,709.70	9,623.10	6,588.10	6,092.60
Other Financial Assets	3,909.30	794.40	2,341.90	737.00	589.90
Current Tax Assets (Net)	1,552.20	N/A	1,985.40	1,028.50	1,685.70
Other Current Assets	32,945.00	31,371.10	31,697.10	31,822.70	28,175.10
Total Current Assets	90,739.90	73,762.60	85,406.00	72,848.00	65,592.00
Total Assets	1,87,111.30	1,56,182.40	1,72,834.80	1,47,277.30	1,33,128.60
Equity Share Capital	46,570.00	46,570.00	46,570.00	46,570.00	46,570.00
Other Equity	10,065.20	11,842.80	18,057.30	6,647.20	-8,531.00
Total Equity	56,635.20	58,412.80	64,627.30	53,217.20	38,039.00
Lease Liabilities	1,657.50	1,689.90	1,430.60	1,527.30	1,537.90
Other Financial Liabilities	3,886.00	3,924.50	3,579.30	3,241.70	2,965.10
Provisions	23,875.60	21,112.20	23,247.10	20,175.10	20,893.00
Other Non-Current Liabilities	10,425.60	8,800.90	8,059.40	8,826.30	1,498.20
Total Non-Current Liabilities	39,844.70	35,527.50	36,316.40	33,770.40	26,894.20
Borrowings	15,591.30	N/A	N/A	N/A	N/A
Lease Liabilities	826.20	904.50	901.10	775.00	588.50
Trade payables	28,650.40	11,797.30	21,732.70	12,335.30	9,129.10
Other Financial Liabilities	23,163.40	20,631.50	23,392.80	19,460.00	14,484.10
Other Current Liabilities	14,156.00	15,074.60	15,340.80	15,872.90	19,686.30
Provisions	8,244.10	13,809.70	10,523.70	11,846.50	24,307.40
Current Tax Liabilities	N/A	24.50	N/A	N/A	N/A
Total Current Liabilities	90,631.40	62,242.10	71,891.10	60,289.70	68,195.40
Total Equity and Liabilities	1,87,111.30	1,56,182.40	1,72,834.80	1,47,277.30	1,33,128.60

Cash Flow Statement (Values In Crore)

Particulars	Sept 30, 2025	Sept 30, 2024	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023
Cash Flow From Operating Activities	-3349.30	10148.10	7964.90	12991.40	16987.80
Cash Flow From Investing Activities	-651.60	-7881.30	-7823.1	-14844.20	-17058.3
Cash Flow From Financing Activities	3804.40	-891.10	-1324.60	-738.40	-429.70
Net Cash Flow	-196.50	1375.70	-1182.80	-2591.20	-500.20

Peer Comparison

Particulars	Bharat Coking Coal Limited	Warrior Met Coal	Alpha Metallurgical Resources
Revenue	13,802.55	13,058.93	25,320.27
Net Profit	1,240.19	2,145.66	1,606.05
Basic EPS	2.66	410.12	1,233.78
Diluted EPS	2.66	410.12	1,222.65
Untitled	N/A	N/A	N/A

Key Performance Indicators (KPIs)

KPI	Sep 30, 2025	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023
ROE	N/A	N/A	N/A	N/A
ROCE	4.28	20.72	47.20	16.56
Debt/Equity	N/A	N/A	N/A	N/A
RoNW	2.00	13.12	34.21	19.22
PAT Margin	N/A	N/A	N/A	N/A
Price to Book Value	N/A	N/A	N/A	N/A
PE Ration (at upper Price band)	N/A	N/A	N/A	N/A
Basic EPS	0.27	1.61	3.36	1.43
Diluted EPS	0.27	1.61	3.36	1.43

Objectives

Objective	No Of Shares	Amount
Offer for Sale	46,57,00,000	1,071.11 Cr

Pre-Post Share Holdings

Particulars	Pre IPO		Post IPO
Particulars	No. of Shares	%	No. of Shares	%
Promotor & Promotor Group	—		—
Public	—		—
Total	—		—

IPO Documents

Document	Action
DRHP	View
RHP	View
Anchor Allotment	View
Basis of Allotment	View

IPO Blogs & News

#	Title	Published Date
1	Bharat Coking Coal IPO Lists at 96% Premium, Delivers Stellar Market Debut	19-01-2026 , Monday

Contact Details

IPO Contact Details

Registered Office

Koyla Bhawan, Koyla Nagar, Dhanbad Jharkhand, India –826005

Corporate Office

Koyla Bhawan, Koyla Nagar, Dhanbad Jharkhand, India –826005

Contact Person

Bani Kumar Parui - Company Secretary and Compliance Officer

Telephone

+91 326-2230190

cos.bccl@coalindia.in

Website

www.bcclweb.in

Registrar to Issue Details

Registrar Name

KFin Technologies Limited

Contact Person

M. Murali Krishan

Telephone

+91 40 6716 2222/18003094001

bccl.ipo@kfintech.com

Website

www.kfintech.com

Lead Managers

Name	Contact Person	Telephone	Email	Website
IDBI Capital Markets & Securities Limited	Sri Krishna Tapariya / Himanshu Shekhar Jha	+91 22 40691953	bccl.ipo@idbicapital.com	www.idbicapital.com
ICICI Securities Limited	Rahul Sharma/ Ashik Joisar	+91 22 6807 7100	bccl.ipo@icicisecurities.com	www.icicisecurities.com

Event

Date

Open Date

09-01-2026 , Friday

Close Date

13-01-2026 , Tuesday

Tentative Allotment

14-01-2026 , Wednesday

Tentative Listing Date

19-01-2026 , Monday

Retail Appl. Cut Off Time

13-01-2026 , Tuesday 05:00 PM

Non Retail Appl. Cut Off Time

13-01-2026 , Tuesday 04:00 PM

Anchor Allotment

08-01-2026 , Thursday

Initiation Of Refund

15-01-2026 , Thursday

Credit Of Share To Demat

15-01-2026 , Thursday