New Delhi. The initial public offer (Bharat Coking Coal IPO) of coal sector giant Bharat Cooking Coal (BCCL) is opening on Friday, January 9, 2026. The company has fixed the price band of Rs 21 to Rs 23 per equity share for its IPO. The face value of each share will be Rs 10. This IPO will close on 13 January 2026 (Tuesday). The bidding process for anchor investors will open a day earlier, i.e. on January 8, 2026.
How many shares will have to be bid for?
At ₹21: ₹12,600 At ₹23: ₹13,800
After this, bidding can be done in multiples of 600 shares.
How much is GMP running?
According to InvestorGain, Bharat Coking Coal IPO GMP is at Rs 39, which shows a gain of 69.57%.
Size and structure of IPO
This IPO of BCCL is completely Offer for Sale (OFS). In this, up to 46.57 crore equity shares will be sold by the promoter Coal India Limited. The company will not get any new funds from this issue, rather it is a step to reduce the stake of the government/promoter.
Country's largest coking coal producer
BCCL has been India's largest coking coal producing company in FY 2025. It has 58.5% share in domestic coking coal production. The estimated coking coal reserves are around 7,910 million tonnes. It is a major supplier of coal to the steel and power sectors. The company produces coking coal, non-coking coal and washed coal.
Strong growth in production and operations
Coal production stood at 30.51 million tonnes in FY22 and 40.50 million tonnes in FY25. There was a record 39.11 million tonnes of coking coal production in FY24. The highest ever offtake of raw coal in FY24 was 39.27 million tonnes.
The company has a total of 34 operational mines, 26 opencast, 4 underground and 4 mixed mines. Its operational area is 288.31 square kilometers (Jharia and Raniganj coalfields).
Reservation for employees and shareholders
Employee Quota: 2.33 Crore Shares ₹1 Per Share Concession to EmployeesShareholder Quota: 4.66 Crore Shares
Up to 50% of the issue is reserved for QIBs and 15% for NIIs, with 35% reserved for retail investors.
Its book running lead managers are IDBI Capital Markets & Securities, ICICI Securities and registrar KFin Technologies.
Also read: IPO News: 4 companies including Coal India's subsidiary are launching IPO next week, whose GMP is highest?
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