Bharat Coking Coal IPO: Coal India arm to launch IPO on January 9. Check GMP, price, other details

The initial public offer (IPO) of Bharat Coking Coal Limited (BCCL) will open for bidding on Friday, January 8 and close on January, 13. The Rs 1,300 crore issue will entirely be an offer for sale (OFS) where promoter Coal India (CIL) will offload up to 46.57 crore equity shares.

The anchor investor bidding will open on Thursday, January 8.

The company will announce the issue price band on Monday, January 5.

Incorporated in 1972, BCCL is India's largest coking coal producer and one of the country's largest coking coal reserve holders with approximately 7,910 million tonnes of estimated reserves as of April 1, 2024. The company is a wholly-owned subsidiary of CIL and was conferred a 'Mini Ratna status in 2014.

BCCL's operations are concentrated in the Jharia coalfields of Jharkhand and Raniganj coalfields of West Bengal.

BCCL reported a net profit of Rs 1,240 crore for the financial year ended March 31, 2025 compared to Rs 1,564 crore in FY24 and Rs 665 crore in FY23. For H1FY26, the profit after tax (PAT) was reported at Rs 124 crore, down from Rs 749 crore in the year ago period.

The company's total revenue from operations for FY25 stood at Rs 13,803 crore compared to Rs 14,246 crore in FY24 and Rs 12,624 crore in FY23. The company's topline was reported at Rs 5,659 crore in H1FY26 compared to Rs 6,846 crore in H1FY25.

The company has consistently expanded its production capacity through strategic deployment of heavy earth-moving machinery (HEMM) and achieved a record coking coal production of 39.11 million tonnes in Fiscal 2024, maintaining a steady growth trajectory with a CAGR of 5.80% in coking coal production from Fiscal 2023 to Fiscal 2025.

The Book Running Lead Managers (BRLMs) to the issue are IDBI Capital Markets & Securities and ICICI Securities Limited while the registrar is KFin Technologies Limited.

The grey market premium (GMP) is still not open.

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