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BCCL IPO: Rs 1,300 Cr Offer Opens Jan 8
4 Jan
Summary
- Bharat Coking Coal Limited's IPO opens January 8, aiming for Rs 1,300 crore.
- Coal India will sell up to 46.57 crore equity shares in the offer.
- BCCL is India's largest coking coal producer with vast reserves.
Bharat Coking Coal Limited (BCCL) is set to launch its Initial Public Offer (IPO) on Friday, January 8, 2026, with bidding closing on January 13. The Rs 1,300 crore offering will be exclusively an Offer for Sale (OFS), where the promoter, Coal India (CIL), plans to divest up to 46.57 crore equity shares. The anchor investor bidding is scheduled to commence on Thursday, January 8, and the issue price band will be announced on Monday, January 5.
Established in 1972, BCCL is recognized as India's largest producer of coking coal and holds significant reserves, estimated at approximately 7,910 million tonnes as of April 1, 2024. The company, a wholly-owned subsidiary of CIL, received 'Mini Ratna' status in 2014. Its operational footprint is primarily located in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal.
Financial reports for the fiscal year ending March 31, 2025, show BCCL's net profit at Rs 1,240 crore, a decrease from Rs 1,564 crore in FY24. The company's total revenue from operations for FY25 was Rs 13,803 crore, down from Rs 14,246 crore in FY24. Despite a dip in profits for H1FY26, BCCL has demonstrated consistent production growth, achieving a record 39.11 million tonnes in Fiscal 2024.
