Mumbai19 hours ago
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Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, is coming out with its first IPO. The company has fixed the price band of ₹21 to ₹23 per share for this IPO. The issue will open on 9 January 2026 and close on 13 January.
BCCL is a government company and ranks number 1 in India in the production of special coal (coking coal) used in steel making. It received ‘Mini Ratna’ status in 2014. Through this IPO, promoter Coal India Limited is selling its stake in the company.
BCCL is a government company and produces special coal used in steel making.
Lot sizes and important dates for investors
Investors must bid for a lot of at least 600 shares. At the upper price band of ₹23, a minimum investment of ₹13,800 will be required for one lot.
- Anchor Investors: Bidding for big investors will open on January 8.
- Issue closing date: 13 January 2026.
- Employees discount: Eligible employees will get a discount of ₹1 on each share.
This IPO is completely ‘offer for sale’
The total size of this IPO of BCCL is 46.57 crore shares. This is a complete ‘Offer for Sale’. That is, all the money received from the IPO will go to the promoter Coal India Limited. Coal India is reducing its stake through this issue.
application system
If you use PhonePe, Google-Pay or Paytm and you already have a demat account with a broker like Zerodha, Groww, then this can be done easily. Go to the app and search ‘BCCL IPO’. Fill the details and approve the payment by entering the UPI ID.
Despite being a government company, there are some risks
- The company will not get new money: This is ‘Offer for Sale’. That means the money you invest will go to Coal India and not to the company to expand its business.
- Fluctuation in profits: The performance of government companies depends on government policies and coal prices in the global market.
BCCL alone produces 58% of the country’s coking coal.
According to FY 2025 data, BCCL’s share in domestic production is 58.50%. As of April 1, 2024, the company had reserves of about 7,910 million tonnes of coal. The company mainly produces coal for the steel and power sectors.
The company has increased its capacity by increasing the use of ‘Heavy Earth Moving Machinery’ (HEMM) from 2021. Currently the company is operating 34 mines. The company is spread over a total lease area of 288.31 square kilometers in Jharia and Raniganj Coalfields.
What is coking coal and why is it in demand?
Common coal (non-coking) is mostly used to generate electricity, but coking coal is used in steel making furnaces. India imports a lot of coking coal for its needs, in such a situation the role of a domestic company like BCCL becomes very important.
