Bharat Coking Coal IPO Opens Today; Anchor Investors Pick Up ₹273.13 Crore at Upper Price Band

Mumbai, January 9, 2026: Bharat Coking Coal Limited (BHARATCOAL), a Government of India enterprise and subsidiary of Coal India Limited, has opened its initial public offering today, January 9, with the issue set to close on January 13, 2026. The company has already completed its anchor book allocation a day ahead of the public issue, raising ₹273.13 crore from marquee institutional investors at the upper end of the price band.
The IPO is being offered in a price band of ₹21 to ₹23 per equity share with a face value of ₹10. The total issue size stands at ₹1,071 crore, comprising 34.69 crore equity shares. Shares are proposed to be listed on January 16, 2026.

IPO Details at a Glance​

The IPO is open for subscription between 10:00 am and 5:00 pm on trading days. The cut off time for UPI mandate confirmation is January 13, 2026 up to 5:00 pm.

Anchor Allocation Completed at ₹23 Per Share​

Bharat Coking Coal has allotted 11,87,53,500 equity shares to anchor investors at ₹23 per share, aggregating to ₹273.13 crore. The anchor allocation represents a significant portion of the institutional book and was completed on January 8, 2026, ahead of the IPO opening .

Key Anchor Investors and Allocation​

Of the total anchor allocation, 7,17,39,600 equity shares, accounting for 60.41 percent, were allotted to domestic mutual funds across eight schemes, reflecting strong participation from long only institutional investors .
As per the anchor lock in requirements, 50 percent of the anchor shares will be locked in until February 13, 2026, while the remaining portion will be locked in until April 14, 2026.

Issue Schedule​

Investor Categories and Bid Limits​

The IPO is open to a wide range of investors including QIBs, non institutional investors, retail investors, employees and shareholders.

The maximum bid quantity permitted for QIBs is 27.70 crore shares, while non institutional investors can bid for up to 19.79 crore shares.

About Bharat Coking Coal Limited​

Bharat Coking Coal Limited was incorporated in 1972 as a Government of India enterprise and is promoted by the President of India acting through the Ministry of Coal, with Coal India Limited as the corporate promoter. The company is a leading producer of coking coal in India and plays a critical role in supporting the domestic steel and power sectors.
Its operations are concentrated in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal. BCCL is engaged in mining, processing and supply of coking coal, non coking coal and washed coal, operating a mix of opencast and underground mines along with coal washeries. The company supplies coal largely under regulated allocation mechanisms and fuel supply arrangements and benefits from strong parentage under Coal India Limited and the Government of India.
The strong anchor book participation ahead of the issue opening sets the tone for the public subscription phase, which begins today and will be closely tracked over the next three trading sessions.

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