Bharat Coking Coal IPO
Market Sentiment
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 13,018.57 | 14,652.53 | 14,401.63 | 6,311.51 |
| Expense | 12,488.38 | 12,560.86 | 12,698.74 | 6,112.17 |
| Profit (PAT) | 664.78 | 1,564.46 | 1,240.19 | 123.88 |
| Total Assets | 13,312.86 | 14,727.73 | 17,283.48 | 18,711.13 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Coal India | 52.30 | 8.50 | 2,85,000 |
| Singareni Collieries | 38.40 | 6.20 | 12,000 |
Promoters: the President of India, Acting Through The Ministry of Coal, Government of India And Coal India Limited. Details Of The Offer to the Public
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 4,65,70,00,000 | 100.00% |
| Promoter Holding Post Issue | 4,65,70,00,000 | 90.00% |
Strengths & Risks
- Heavily oversubscribed — 146.8x overall (final).
- Strong institutional (QIB) demand — 310.8x.
- Solid profit margin — 12.4%.
- Strong return on equity — 19%.
Our data checks haven't flagged a specific concern for Bharat Coking Coal — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Bharat Coking Coal Limited (BCCL), established in 1972, is one of the leading companies that mine and supply coking coal, non-coking coal, and washed coal. In 2014, the company received Mini Ratna status in the supply of coking coal serving the steel and power industries. The company runs its business with mines located at Jharia, Jharkhand, and Raniganj, West Bengal coalfields. Moreover, the company runs 32 mines, including 25 opencast, 3 underground, and 4 mixed mines as of March 31, 2025. In FY25, the company’s coal production increased to 40.50 million tonnes. Furthermore, in FY25, the company has produced nearly 58.5% of India’s domestic coking coal. They operate their business with open and underground mines, coal washeries, reopening discontinued underground mines, and coal washeries that are stopped or lying unused for some time.
Bharat Coking Coal Limited., Koyla Bhawan, Koyla Nagar,, Dhanbad Jharkhand,, India – 826005
Resources & Documents
Bharat Coking Coal has set a price band of Rs 21–Rs 23 per share for an issue size of Rs 1,071 crore in the coal & mining sector. The stock listed with a 96.57% gain versus its issue price on January 19, 2026.
Bharat Coking Coal Limited (BCCL), established in 1972, is one of the leading companies that mine and supply coking coal, non-coking coal, and washed coal. In 2014, the company received Mini Ratna status in the supply of coking coal serving the steel and power industries. The company operates in the coal & mining space.
The issue is promoted by the President of India, Acting Through The Ministry of Coal, Government of India And Coal India Limited. Details Of The Offer to the Public with IDBI Capital Markets Services Ltd., ICICI Securities Ltd. acting as lead manager.
At the upper end of the price band, the issue is priced at a post-issue P/E of 7.19x. On fundamentals, the company is posting revenue growth of 8.5%, a profit margin of 12.4%, return on equity of 18.5% in its most recent reported period. Listed peers in this segment include Coal India (P/E 8.50x, market cap Rs 2,85,000 crore) and Singareni Collieries (P/E 6.20x, market cap Rs 12,000 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Bharat Coking Coal IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Bharat Coking Coal GMP history and trend, or learn how grey market premium works and how reliable it is.
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