Bharat Coking Coal IPO sets price band at ₹21 to ₹23 per share; check lot size, key dates and more

Bharat Coking Coal IPO: Coal India's wholly owned subsidiary, Bharat Coking Coal Ltd (BCCL), has set a price band of ₹21 to ₹23 per equity share for its initial public offering, which will open on January 9. The first mainboard IPO of 2026 will conclude on January 13. The anchor investor bidding will take place on January 8.

The ₹1,078.68 crore initial share sale is exclusively an offer for sale (OFS) of 46.57 crore shares by promoter Coal India Ltd (CIL). There is no fresh issue component.

Since there is no fresh issuance of shares, the company will not get any proceeds from the issue.

Bharat Coking Coal IPO: Lot size

Retail investors can apply for a minimum of 600 shares and in multiples thereafter. The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs).

Bharat Coking Coal IPO timeline: Allotment and listing date

• Subscription period: January 9 to January 13
• Finalisation of basis of allotment: January 14
• Initiation of refunds: January 15
• Credit of equity shares to Demat account: January 15
• Listing on NSE and BSE: January 16

Bharat Coking Coal Ltd (BCCL) was the largest domestic coking coal producer in FY25 in terms of coking coal production, which accounted for 58.50% of the coking coal production in India in fiscal 2025.

The Bharat Coking Coal Ltd's listing is part of a broader divestment push by the government in the coal sector, aimed at unlocking value in Coal India's subsidiaries and improving transparency through market discipline.

In 2025, Central Mine Planning and Design Institute Ltd (CMPDIL), another wholly-owned unit of Coal India, had also filed its draft red herring prospectus (DRHP) with SEBI for an IPO through the OFS route.

While BCCL serves as the coal-producing company, CMPDIL is Coal India's technical and planning arm.