Bharat Coking Coal Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 197,922,500 (43%) | — | ₹45,522 Cr |
| NII (HNI) | — | 59,376,750 (13%) | — | ₹13,657 Cr |
| Retail | — | 138,545,750 (30%) | — | ₹31,866 Cr |
| Employee | — | 23,285,000 (5%) | — | ₹536 Cr |
| Σ Total | — | 465,700,000 (100%) | — | ₹1,071,110 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹13,800 |
| Retail (Max) | 13 | 7,800 | ₹179,400 |
| S-HNI (Min) | 14 | 8,400 | ₹193,200 |
| B-HNI (Min) | 67 | 40,200 | ₹924,600 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 6,312 | 14,402 | 14,653 |
| EBITDA | 460 | 2,356 | 2,494 |
| Profit After Tax | 124 | 1,240 | 1,564 |
| Net Worth | 5,831 | 6,551 | 5,355 |
| Total Assets | 18,711 | 17,283 | 14,728 |
| Reserves & Surplus | 1,007 | 1,806 | 665 |
| Total Borrowing | 1,559 | — | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
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Company Overview
Incorporated in 1972, Bharat Coking Coal Limited (BCCL) is engaged in the production of coking coal, non-coking coal, and washed coal. The company is a wholly-owned subsidiary of Coal India Limited.
As of September 30, 2025, we operate a network of 34 operational mines, including four underground, 26 opencast, and 4 mixed mines.
The company’s primary product is coking coal, catering to the steel and power industries. As of April 1, 2024, BCCL has an estimated coking coal reserve of approximately 7,910 million tonnes. In Fiscal 2025, BCCL accounted for 58.50% of the total domestic coking coal production in India.
The company operates across Jharia, Jharkhand, and Raniganj, West Bengal, covering a total leasehold area of 288.31 square kilometers.
The company’s operations include opencast and underground mining projects, coal washeries, monetisation of idle washeries through the Washery Developer and Operator (WDO) model, reopening discontinued underground mines through the Mine Developer and Operator (MDO) model, and solar power project monetisation through self-consumption and grid injection.
The company’s coal production increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. In Fiscal 2024, the company produced 39.11 million tonnes of coking coal and 1.99 million tonnes of non-coking coal.
Competitive Strenghts
- Largest coking coal producer in India with access to large reserves.
- Strategically located mines with large washeries.
- Well positioned to capitalize on demand for coking coal in India.
- Strong parentage of Coal India Limited.
- Consistent track record of growth and financial performance.