Bharat Coking Coal Limited (BCCL), a key subsidiary of Coal India Limited (CIL), is launching its Initial Public Offering (IPO) this week. This is the first major PSU listing of 2026.
Below are the comprehensive details regarding the dates, pricing, and allotment for the BCCL IPO.
| DRHP Draft Prospectus PDF |  |
BCCL IPO Important Dates
The IPO is scheduled to open for subscription on January 9, 2026.
| Event | Date |
| IPO Opens | January 9, 2026 |
| IPO Closes | January 13, 2026 |
| Basis of Allotment | January 14, 2026 |
| Initiation of Refunds | January 15, 2026 |
| Credit of Shares to Demat | January 15, 2026 |
| Listing Date | January 16, 2026 |
Price Band & Lot Size
The company has set a very accessible price range, making it attractive for retail participation.
- Price Band: ₹22 – ₹23 per equity share.
- Lot Size: 652 shares per lot.
- Minimum Investment (Retail): ₹14,996 (at the upper price band).
- Maximum Investment (Retail): ₹1,94,948 (13 lots).
- Total Issue Size: 46.57 crore shares (approx. ₹1,300 crore).
- Nature of Issue: 100% Offer for Sale (OFS); the proceeds will go to the promoter, Coal India Limited.
Investor Reservations
There are specific quotas for different investor categories, including a special provision for existing Coal India shareholders.
- Retail Investors: 35% of the offer.
- Non-Institutional Investors (NII): 15% of the offer.
- Qualified Institutional Buyers (QIB): 50% of the offer.
- Shareholder Quota: A reservation exists for eligible shareholders of Coal India Limited as of the record date (January 2, 2026).
Company Review & Financials
BCCL is India’s largest producer of coking coal, a critical component for the steel industry.
Strengths:
- Market Dominance: BCCL accounts for approximately 58.5% of India’s total domestic coking coal production.
- Reserves: The company holds massive coal reserves of roughly 7.91 billion tonnes.
- Zero Debt: The company currently maintains a debt-free status, which is highly favorable for a PSU in the mining sector.
Financial Snapshot (in ₹ Crore):
Bharat Coking Coal IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹13,018.57 | ₹12,488.38 | ₹664.78 | ₹13,312.86 |
| 2024 | ₹14,652.53 | ₹12,560.86 | ₹1,564.46 | ₹14,727.73 |
| 2025 | ₹14,401.63 | ₹12,698.74 | ₹1,240.19 | ₹17,283.48 |
| Sep 2025 | ₹6,311.51 | ₹6,112.17 | ₹123.88 | ₹18,711.13 |
Note: While revenue has been stable, profit margins saw a sharp dip in the first half of FY26 due to increased operational costs and higher contractor dependencies.
Grey Market Premium (GMP)
As of early January 2026, the unofficial grey market premium is hovering around ₹13. This suggests an expected listing price of approximately ₹36 (~56% gain), though this is subject to market volatility.
How to Check BCCL Allotment Status
The registrar for the BCCL IPO is KFin Technologies Limited. Once the allotment is finalized on January 14, you can check your status on the KFintech IPO Status Portal using your PAN or Application Number.
Note: The Bharat Coking Coal IPO price band and date are officially announced. The (Bharat Coking Coal IPO grey market premium) will be added to the IPO GMP page as it will start).
Chandress Mukherji
I think Good Govt Company, Reasonable Priceband. I will Apply.