IPO Analysis > Decode the Bharat Coking Coal Limited IPO Before You Hit Apply
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Decode the Bharat Coking Coal Limited IPO Before You Hit Apply

Iron ore and coal are two key drivers of Indian mineral prowess. From 67 MMT in FY 2025, the coking coal demand is anticipated to reach 138 MMT in FY 2035. Amidst these trends, Bharat Coking Coal Limited, a Mini Ratna company owned by the Government of India, is hitting the stock market. Here is the detailed breakdown of Bharat Coking Coal Limited IPO.


While ICICI Securities Limited and IDBI Capital Markets & Securities Limited are managing the IPO, KFin Technologies Limited is registering it. Check out the Bharat Coking Coal Limited IPO allotment status.


To know more about the Bharat Coking Coal Limited IPO listing price, size, date and more, check out the DRHP.


Note: 50% shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Bharat Coking Coal Limited IPO: Company Profile


Particulars

Descriptions

Began

1972

Promoters

The President of India, through the coal ministry of the GOI

Business

Manufactures coking, non-coking and washed coal

Client Industry

Power and steel industries

Mines

Jharia, Raniganj, West Bengal and Jharkhand coalfields

Production

1.99 million tonnes of non-coking and 39.11 million

tonnes of coking coal

USP

The largest coking coal producer in India

Market Share

58.50% (domestic)

Parent Company

Wholly-owned subsidiary of Coal India Limited

Competitor

Warrior Met Coal, Inc. and Alpha Metallurgical Resources, Inc.


The Ultimate Bharat Coking Coal Limited IPO Review

Discussed here is everything you must know about this mainboard IPO, including the Bharat Coking Coal Limited IPO price, size, date and more.

  • Bharat Coking Coal Limited IPO Date

The Bharat Coking Coal Limited IPO date is not disclosed by the DRHP. The DRHP was filed on 5 June 2025, and it received its approval on 19 September 2025.

  • Bharat Coking Coal Limited IPO Size


Particulars

Shares

Aggregate Value (₹ Crore)

Fresh Issue 

NA

NA

Offer for Sale

465,700,000

Undisclosed

Overall Issue 

465,700,000

Undisclosed


  • Bharat Coking Coal Limited IPO: Objective

The Bharat Coking Coal Limited IPO only has an offer for sale. Therefore, the IPO proceeds, after deducting expenses, will go to the shareholders.

  • Bharat Coking Coal Limited IPO: Other Takeaways


Particulars

Description

Face value (₹)

10

Price Range (₹)

Undisclosed

Lot size (shares)

Undisclosed

Listed At 

NSE and BSE


  • Investors Categorisation


Investor

Allotment

QIBs

Maximum 50% of the issue

NII

Minimum 15% of the issue

Individual Investors

Minimum 35% of the issue


  • Anchor Investor


Particulars

Description

Opening Date

Undisclosed

Terms of Payment  

Payment during bid submission must be full

Bharat Coking Coal Limited IPO: Key Financials


Particulars

2025

2024

2023

Revenue (₹ Million)

1,39,984.50

1,40,453.40

1,32,967.30

ROCE (%)

30.13

47.20

16.56

EBITDA (₹ Million)

23,560.60 

24,938.90

8,913.10

EBITDA Margin (%)

16.14 

17.26 

6.51

PAT (₹ Million)

12,401.90 

15,644.60

6,647.80

PAT Margin (%)

8.50 

10.83

4.86

Current Ratio

1.19

1.21 

0.96

RONW

20.83 

34.21

19.22


Strengths and Risks of Bharat Coking Coal Limited IPO

Discussed here are the key strengths and risks associated with the Bharat Coking Coal Limited IPO.


Strengths

  1. Scale and Opportunity: Being the biggest coking coal producer, the company has access to key resource locations and markets, optimising the business.

  2. Strategic Location: The strategic location of mines helps maintain business and operational efficiency.

  3. Strong Patronage: Being the wholly owned subsidiary of the largest coal producer in India, Coal India Limited, the company enjoys key benefits.

  4. Fiscal Growth: The company has maintained a strong and consistent record, positioning it optimally to benefit from key trends.


Risks

  1. Estimates May Differ: The estimates relating to the reserves and resources in the offer documents may differ in reality.

  2. Concentration of Mines: The location of the mines used by the company is concentrated in certain regions of the country.

  3. Revenue Concentration: A significant chunk of revenue over the mentioned fiscals came from raw coking coal.

  4. Dependent on Raw Material Supply: Any adverse change in the supply or market dynamics of the raw materials may impact the business.

Bharat Coking Coal Limited IPO Review: Apply or Avoid

As of 27 October 2025, the Bharat Coking Coal Limited IPO GMP is not available. However, for a complete breakdown of the Bharat Coking Coal Limited IPO, don’t miss out on the offer documents. 

Moreover, GMP changes often. Check the latest GMP here

You must also find the live subscription numbers. Apply now.

FAQs

1. What is the Bharat Coking Coal Limited IPO GMP?

As of 27 October 2025, the Bharat Coking Coal Limited IPO GMP is unavailable. However, it may change soon. For the latest sentiment, you can look for the GMP updates

2. What is the Bharat Coking Coal Limited IPO date?

The open and closing dates of the Bharat Coking Coal Limited IPO are still unavailable. But one can monitor live subscription details in real time.

3. What is the Bharat Coking Coal Limited IPO price? 

The Bharat Coking Coal Limited IPO DRHP states that there is only an offer for sale. However, the issue size or price range has not been specified. 

4. Do I need a demat account to bid for the Bharat Coking Coal Limited IPO?

Yes, a demat account is required to bid for the Bharat Coking Coal Limited IPO. Click here to get the ultimate list of the top demat account providers.
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