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Bharat Coking Coal IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 19 Jan 2026
· updated 10 months ago
Price band
₹23
GMP
+₹18.5
Est. listing price₹41.5
Est. listing gain80.43%
Issue size₹1,071.11 Cr
Bharat Coking Coal IPO Details
Open DateFri, 9 Jan 2026
Close DateTue, 13 Jan 2026
Listing DateMon, 19 Jan 2026
Listing AtBSE, NSE
Price Band₹23 per share
Lot Size600 shares
Min. Investment₹13,800
Issue Size₹1,071.11 Cr
Bharat Coking Coal IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Fri, 9 Jan
IPO Closes
Tue, 13 Jan
Basis of Allotment
Wed, 14 Jan
Tentative
Refunds Initiated
Thu, 15 Jan
Tentative
Shares Credited to Demat
Thu, 15 Jan
Tentative
Listing Date
Mon, 19 Jan
Bharat Coking Coal IPO GMP Today
All IPO GMP
GMP today
+₹18.5
Est. listing price
₹41.5
Est. gain %
80.43%
Est. profit / lot
₹11,100
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Bharat Coking Coal IPO Subscription Status
As of 13 Jan, 7:00 PM
Retail (RII)
49.33x
NII / HNI
258.16x
bHNI (>₹10L)
275.64x
sHNI (₹2–10L)
223.20x
QIB
310.81x
Employees
5.18x
Total
146.87x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Bharat Coking Coal IPO Listing Price & Gain
Issue price₹23
Listing price (NSE)₹45
Listing gain+95.65%
Listing-day close₹40.58 (+76.4%)
The last GMP before listing (₹18.5) pointed to about ₹41.5; the shares opened 15.2 points above that estimate. How accurate is GMP?
Bharat Coking Coal IPO Allotment Status
The registrar for this IPO is KFin Technologies. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Bharat Coking Coal IPO Lot Size & Minimum Investment
At upper price band of ₹23| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹13,800 |
| Retail (Max) | 14 | 8,400 | ₹1,93,200 |
| S-HNI (Min) | 15 | 9,000 | ₹2,07,000 |
| S-HNI (Max) | 72 | 43,200 | ₹9,93,600 |
| B-HNI (Min) | 73 | 43,800 | ₹10,07,400 |
Bharat Coking Coal IPO analysis: what the numbers say
The ₹1,071.11 Cr issue is entirely an offer for sale, so the money goes to the selling shareholders, not the company. Promoter holding falls from 100% to 90% after the issue.
Revenue rose from ₹13,018.57 Cr in FY23 to ₹14,401.63 Cr in FY25, a compound annual growth of 5.2%. Profit after tax grew from ₹664.78 Cr to ₹1,240.19 Cr. That is a net profit margin of 8.6% in FY25. Borrowings were 0.24 times net worth at the end of FY25.
The issue closed subscribed 146.87x overall (QIB 310.81x, NII 258.16x and retail 49.33x). Bharat Coking Coal listed at ₹45 on 19 Jan 2026, +95.7% against the issue price of ₹23. The last GMP before listing had pointed to about ₹41.5, so it opened 15.2 points above the grey market estimate. It closed the first day at ₹40.58 (+76.4%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Bharat Coking Coal IPO Issue Structure
Fresh issue — (0%)
Offer for sale ₹1,071.11 Cr (100%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)100%
Promoter holding (post)90%
- Promoters
- The President of India, Coal India Limited
- Book running lead managers
- IDBI Capital Markets Services Ltd., ICICI Securities Ltd.
Bharat Coking Coal IPO Strengths & Risks
Strengths
- India's biggest producer of coking coal has access to substantial reserves.
- Mine with big washeries that are positioned strategically.
- Well-positioned to profit from India's need for coking coal.
- Coal India Limited has a strong ancestry.
- A steady history of expansion and financial success.
Risks
- The concentration of mines and washeries in Jharkhand and West Bengal, could hurt its business if the coal deposits in these regions eventually run out or if it is unable to effectively utilize the reserves that are already there.
- The company relies on a small number of suppliers for contractual services and any interruptions in their service delivery could hurt the company.
- It is subject to changes in contractual costs since it uses third-party contractors for some of its coal handling and production operations.
Bharat Coking Coal Financials
Restated, ₹ crore
FY23
FY24
FY25
Revenue Profit after tax
| Period ended | FY2331 Mar 2023 | FY2431 Mar 2024 | FY2531 Mar 2025 |
|---|---|---|---|
| Revenue | 13,018.57 | 14,652.53 | 14,401.63 |
| Profit after tax | 664.78 | 1,564.46 | 1,240.19 |
| Net worth | 3,791.01 | 5,355.47 | 6,551.23 |
| Total assets | 13,312.86 | 14,727.73 | 17,283.48 |
| Total borrowings | — | — | 1,559.13 |
| PAT margin | 5.11% | 10.68% | 8.61% |
Bharat Coking Coal Key Performance Indicators (KPIs)
ROCE30.13%
RoNW20.83%
About Bharat Coking Coal IPO
Bharat Coking Coal is a mainboard IPO worth ₹1,071.11 crore with a price band of ₹23 per share. The issue opens on 9 January 2026 and closes on 13 January 2026. Shares are expected to list on 19 January 2026 on BSE, NSE.
Bharat Coking Coal IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 1,071.11 Cr by Bharat Coking Coal Ltd. and is involved in the production of washed coal, non-coking coal, and coking coal. The business is a fully owned subsidiary of Coal India Limited.
It has 34 active mines as of September 30, 2025, comprising four underground, 26 opencast, and four mixed mines. Coking coal, which serves the steel and power sectors is the company's main product. 58.50% of India's domestic coking coal production in Fiscal 2025 came from BCCL.
Opencast and underground mining projects, coal washeries, reopening closed underground mines using the Mine Developer and Operator (MDO) model, monetizing idle washeries using the Washery Developer and Operator (WDO) model and solar power project monetization using self-consumption and grid injection are among the company's operations.
Bharat Coking Coal IPO: FAQs
What is the subscription status of Bharat Coking Coal IPO?
The issue closed subscribed 146.87x overall (QIB 310.81x, NII 258.16x and retail 49.33x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Bharat Coking Coal IPO?
Bharat Coking Coal listed at ₹45 on 19 Jan 2026, +95.7% against the issue price of ₹23. The last GMP before listing had pointed to about ₹41.5, so it opened 15.2 points above the grey market estimate. It closed the first day at ₹40.58 (+76.4%).
What is the price band of Bharat Coking Coal IPO?
The Bharat Coking Coal IPO price band is ₹23 per share and the issue size is ₹1,071.11 crore.
What is the lot size and minimum investment for Bharat Coking Coal IPO?
One lot of Bharat Coking Coal IPO has 600 shares. The minimum application for retail investors is 1 lot (600 shares), which costs ₹13,800 at the upper price band.
When does Bharat Coking Coal IPO open and close?
Bharat Coking Coal IPO opens for subscription on Friday, 9 January 2026 and closes on Tuesday, 13 January 2026. Bids are accepted until 5 PM on the closing day.
What is the Bharat Coking Coal IPO allotment date?
The basis of allotment for Bharat Coking Coal IPO is expected to have been finalised on Wednesday, 14 January 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Bharat Coking Coal IPO allotment status?
Visit the website of the registrar, KFin Technologies, select Bharat Coking Coal IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Bharat Coking Coal IPO listing date?
Bharat Coking Coal shares listed on BSE, NSE on Monday, 19 January 2026 at ₹45 per share.
Is Bharat Coking Coal a mainboard or SME IPO?
Bharat Coking Coal is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:58 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.