B
Bharat Coking Coal Limited (BCCL) IPO
⚫ ListedNSE + BSEMainboard IPOMining
Issue Price
₹21–23
Issue Size
₹1069 Cr
Lot Size
600 shares
Min. Invest
₹14K
Open Date
9 Jan 2026
Close Date
13 Jan 2026
Allotment
14 Jan 2026
Listing Date
19 Jan 2026
81
IPOGenie Score
Subscribe
out of 100
Grey Market Premium
+₹17.5
+76.09% above issue price
Est. Listing₹40.5
GMP is unofficial — not regulated by SEBI.
Listing Performance
+95.65%
Listed at ₹45
Current: ₹52
IPOGenie Score — Bharat Coking Coal Limited (BCCL)
Our 5-factor scoring model: Financial Quality (30) + Subscription (25) + GMP (20) + Business (15) + Risk (10). Total: 81/100 — Subscribe.
Financial Quality20/30
Subscription Momentum25/25
GMP Sentiment20/20
Business Quality8/15
Risk Assessment8/10
This score is an analytical tool only, not investment advice. Consult a SEBI-registered advisor.
IPOGenie Market Signal🟢 Bullish
Strong QIB demand (310.81×) + GMP ₹17.5 (+76.1%) → Bullish outlook. Score 81/100.
IPOGenie Review — Bharat Coking Coal Limited (BCCL)
Maharatna CPSE. 34 mines (4 underground, 26 opencast, 4 mixed) in Jharkhand. Customers: SAIL, Tata Steel, JSW Steel, AM/NS India. Strategically critical — India imports 80% coking coal needs.
Biggest IPO surprise of 2026. Listed 95.65% above issue price (Rs 45 vs Rs 23). Now at Rs 52 — 126% above IPO. GMP was 76% but actual listing was even higher. Perfect storm: PSU discount + strategic asset + coal shortage fears + 144x subscription + ultra-low Rs 23 price.
Strengths
- 95.65% listing gain — best mainboard listing of 2026
- Strategic monopoly — 58.5% coking coal market share
- Cannot be replaced by renewable energy (coking coal is for steel, not power)
- Coal India parent support
Risks
- Long-term risk from green steel (hydrogen-based DRI)
- Mine safety incidents are operational concern
- Government can impose price ceilings without notice
Bharat Coking Coal Limited (BCCL) IPO — Complete Details
| Open Date | 9 January 2026 |
| Close Date | 13 January 2026 |
| Allotment Date | 14 January 2026 |
| Listing Date | 19 January 2026 |
| Price Band | ₹21 – ₹23 per share |
| Face Value | ₹10 per share |
| Lot Size | 600 shares |
| Min. Investment (Retail) | ₹13,800 |
| Issue Size | ₹1069 Crores |
| Fresh Issue | None |
| Offer for Sale (OFS) | ₹1069 Crores |
| Listing Exchange | NSE, BSE |
| IPO Type | Mainboard IPO (NSE + BSE) |
| Issue Type | Book Built |
| Registrar | KFin Technologies Ltd |
| Lead Manager(s) | IDBI Capital Markets Services Ltd, ICICI Securities Ltd, SBI Capital Markets Ltd |
| Anchor Allocation | ₹273.13 Crores |
| Promoter Holding (Pre-IPO) | 100% |
Bharat Coking Coal Limited (BCCL) — Financial Snapshot
Revenue
₹18400 Cr
Net Profit (PAT)
₹2100 Cr
EPS (Diluted)
₹0.45
P/E (Post-Issue)
51.11x
ROE
24.2%
ROCE
28.6%
Market Cap
N/A
Sector
Mining
Use of IPO Proceeds
- 1Offer for Sale by Government of India — divestment. Company receives no proceeds.
IPO Documents
⚠️ Always read the RHP before investing — it contains all material risk factors and financial disclosures.
Frequently Asked Questions — Bharat Coking Coal Limited (BCCL) IPO
When does Bharat Coking Coal Limited (BCCL) IPO open and close?
Bharat Coking Coal Limited (BCCL) IPO opens on 9 January 2026 and closes on 13 January 2026. Allotment is expected on 14 January 2026 and listing on 19 January 2026.
What is the price band and lot size of Bharat Coking Coal Limited (BCCL) IPO?
Bharat Coking Coal Limited (BCCL) IPO price band is ₹21–₹23 per share. Lot size is 600 shares. Minimum investment for retail investors is ₹13,800 (1 lot at cut-off price).
What is the GMP of Bharat Coking Coal Limited (BCCL) IPO today?
Bharat Coking Coal Limited (BCCL) IPO GMP (Grey Market Premium) today is ₹17.5 (+76.09%), suggesting an estimated listing price of ₹40.5. GMP is unofficial and not regulated by SEBI — use it as a sentiment indicator only.
How to check Bharat Coking Coal Limited (BCCL) IPO allotment status?
Check Bharat Coking Coal Limited (BCCL) IPO allotment status on the registrar website — KFin Technologies Ltd (https://kfintech.com). You can also check on BSE (bseindia.com → Investors → Application Status) using your PAN number. Allotment is finalised on 14 January 2026.
Is Bharat Coking Coal Limited (BCCL) IPO good for investment?
IPOGenie rates Bharat Coking Coal Limited (BCCL) IPO as "Subscribe" with a score of 81/100. Wholly-owned subsidiary of Coal India Limited. India's largest coking coal producer with 58.5% domestic market share. Operates 34 mines in Jharkhand w... Always read the RHP and consult a SEBI-registered advisor before investing.
How to apply for Bharat Coking Coal Limited (BCCL) IPO?
Apply for Bharat Coking Coal Limited (BCCL) IPO through: (1) UPI method — use any broker app (Zerodha, Groww, Upstox) and approve the UPI mandate. (2) ASBA — through your bank's net banking IPO section. Apply at cut-off price for best allotment odds. Maximum retail application is ₹2 lakh (14 lots).
What is the issue size of Bharat Coking Coal Limited (BCCL) IPO?
Bharat Coking Coal Limited (BCCL) IPO total issue size is ₹1069 Cr. Fresh issue is ₹0 Cr and Offer for Sale (OFS) is ₹1069 Cr. Anchor investor allocation was ₹273.13 Cr.