Bharat Coking Coal IPO Date, Price & GMP - BCCL IPO 2026
Bharat Coking Coal Limited (BCCL), which is a full subsidiary company of Coal India Ltd will be conducting its long-awaited First Public Offering (IPO) on January 9, 2026, and the subscription period will be until January 13, 2026. The Bharat Coking Coal IPO price is valued between ₹21 and 23 per share with the lot size of 600 shares to retail investors which amounts to an issue size of around 1071 crore.
The grey market premium (GMP) of the IPO is currently quoted at ₹16 to 17 per share according to the market participants involved in tracking the grey market, indicating high interests among the pre-listing investors and a possibility of positive sentiment before the listing.
We discuss the Bharat Coking Coal IPO date, Bharat Coking Coal IPO price, Bharat Coking Coal IPO GMP, company fundamentals, issue structure, risks and a practical checklist that would guide you on whether to apply or not in this guide.
Bharat Coking Coal IPO Date and Timeline
The expected BCCL IPO schedule is as follows:
Event | Date |
Bharat Coking Coal IPO Date (Open) | 9 January 2026 |
Bharat Coking Coal IPO Date (Close) | 13 January 2026 |
BCCL IPO Allotment Finalisation | 14 January 2026 |
Refund Initiation | 15 January 2026 |
Shares Credited to Demat | 15 January 2026 |
Listing Date | 16 Jan 2026 |
Dates are subject to change based on regulatory approvals.
About Bharat Coking Coal Ltd (BCCL)
The Bharat Coking Coal IPO belongs to the list of the most expected public issues of 2026, particularly as a tracking instrument of the investors following the PSU and energy-related listings. Bharat Coking Coal Ltd (BCCL) is a major subsidiary of Coal India Ltd which is the largest coal producer in India and one of the largest in the world as a mining corporation.
BCCL Coal India is a key player in providing the coking coal, which is a very important raw material in the production of steel. The BCCL IPO would provide investors with a chance to be exposed to an important company that is strategically positioned and has close relation to the infrastructure and growth of the Indian industrial sectors.
Bharat Coking Coal Limited is a company established in 1972 and is a one hundred percent owned company of Coal India Limited. The company highly deals with mining and supplying coking coal, semi-coking coal and non-coking coal. Blast furnace steel manufacturing requires the presence of coking coal and so BCCL Coal India is rather critical to the steel industry in India.
The mining activities of BCCL are focused on West Bengal and Jharkhand. The company runs off several mining fields with underground and opencast mining techniques. Its long operational history, asset base, and parentage under Coal India provide operational stability and government backing.
Bharat Coking Coal IPO Key Details
Particulars | Details |
Company Name | Bharat Coking Coal Limited |
Parent Company | Coal India Limited |
IPO Type | Mainboard IPO |
Issue Structure | Offer for Sale (OFS) |
Bharat Coking Coal IPO Price Band | ₹21 – ₹23 per share |
Face Value | ₹10 per share |
Issue Size | Approx. ₹1,071 crore |
IPO Opening Date | 9 January 2026 |
IPO Closing Date | 13 January 2026 |
Listing Exchange | |
Employee Discount | ₹1 per share |
This is a pure OFS, which means no fresh capital will be infused into the company. The proceeds will go to the promoter, BCCL Coal India Ltd, as part of the government’s PSU disinvestment strategy.
Bharat Coking Coal IPO Price Band & Valuation
The Bharat Coking Coal IPO price band will be 2123/equity share. The size of the issue is estimated to be approximately 1071 crore at the upper end of the band. The valuation seems low in relation to that of other companies in the private sector because BCCL Coal India is a large and profitable company with PSU support.
Nevertheless, the investors are reminded that coal is a regulated and cyclic business, and the valuations are affected by government regulations, the price of the global commodities, and the environmental factors.
Financial Performance Snapshot
BCCL has demonstrated consistent operational performance over the years.
Key Financial Highlights (FY25)
Metric | Value |
Total Revenue | ₹14,597 crore |
EBITDA | ₹2,356 crore |
Profit After Tax | ₹1,240 crore |
Total Assets | ₹17,283 crore |
The company benefits from long-term supply agreements, captive demand from steel producers, and support from Coal India’s centralized operations.
Bharat Coking Coal IPO GMP - What It Indicates?
The Bharat Coking Coal IPO GMP (Grey Market Premium) has been experiencing good unofficial market interest prior to issue and it has been reported to be having high grey market premiums. This indicates growth optimism on PSU IPOs, favorable prices, and listing returns.
Nevertheless, GMO is unregulated and may vary quickly. GMP must be taken as a mood gauge by the investors and not an assurance of future performance of the listed companies. Short-term GMP trends will not be of much significance to the long-term investors compared to fundamentals and valuation.
SME IPO Liquidity Warning (Significant to Investors)
Despite the fact that the BCCL IPO represents a mainboard IPO, investors need to be aware of the general risks of IPOs, particularly where they also invest in SME IPOs.
In SME IPOs, liquidity is usually low, and investors may face difficulties such as:
- Limited trading volumes after listing
- Difficulty in partial selling of holdings
- Wider bid-ask spreads
- Higher price volatility
While BCCL does not fall under the SME category, investors should always evaluate liquidity risks, especially in the initial days of listing.
Checklist Before Applying in Any IPO
Use this checklist before applying to Bharat Coking Coal IPO or any other IPO:
- GMP greater than 20 percent (only as a sentiment indicator)
- Strong subscription numbers across retail, HNI, and institutional categories
- Good fundamentals with consistent profitability
- Reasonable valuation compared to peers
- Clear business model and industry relevance
- Acceptable liquidity prospects post listing
- Alignment with your risk appetite and investment horizon
A disciplined checklist approach helps avoid emotional or speculative IPO decisions.
Conclusion
The BCCL IPO will provide the investors with access to a strategically significant PSU of the energy and steel supply chain core. The company of Bharat Coking Coal Ltd supported by Coal India has good assets, constant cash flows, and a high number of years of experience. The Bharat Coking Coal IPO date, Bharat Coking Coal IPO prices are fair and there is high interest among investors.
Yet like any other IPO, particularly the PSUs, investors need to strike a balance between listing returns and longer-term fundamentals, policy-specific risks, and market factors. The success in investing in the BCCL Coal India IPO depends on a clear checklist and realistic expectations to apply.
Disclaimer
This blog is educational and informative. It is not an investment recommendation or an investment advice to purchase or sell securities. Investments in IPOs are prone to market risks. Whenever an investor makes an investment, he/she is supposed to consult a certified financial advisor.
FAQ'S
When is the Bharat Coking Coal IPO date open?
The BCCL IPO date opens on 9 January 2026 and closes on 13 January 2026.
What is the Bharat Coking Coal IPO price band?
The BCCL IPO price band is ₹21 to ₹23 per equity share.
What is Bharat Coking Coal IPO GMP?
The interest in the grey market can be considered relatively high, yet Bharat Coking Coal IPO GMP is unofficial and must not serve as the only criterion when making investment decisions.
What does Bharat Coking Coal Ltd do?
BCCL is also actively involved in mining and supply of coking coal and other types of coal, primarily in the steel and industrial sector.
In which exchange will the Bharat Coking Coal IPO be listed?
The shares shall be floated in both BSE and NSE.
