[Fresh Issue NIL + OFS ₹1071 Cr]

Bharat coking coal ipo price is ₹21 – ₹23 per share

Bharat Coking Coal: History

The Company was originally incorporated as Bharat Coking Coal Limited, as a private limited company under the Companies Act, 1956, at Patna, Bihar, India, on January 01, 1972.

The Company was then converted into a public limited company under a special resolution passed by the shareholders on April 28, 2025, and the RoC issued a fresh certificate of incorporation on May 7, 2025.

Business

Bharat Coking Coal Ltd is engaged in the production of coking coal, non-coking coal, and washed coal for applications primarily in the steel and power industries.

The company is a wholly-owned subsidiary of Coal India Limited and were conferred with Mini Ratna status in 2014.

According to the CRISIL Report, the company is the largest coking coal producer in India in FY25, accounting for 58.50 per cent of the domestic coking coal production in that year.

The company’s business operations include –

• Opencast and underground mining projects,
• Coal washeries,
• Monetisation of old and idle washeries through the Washery Developer and Operator (WDO) model,
• Reopening discontinued underground mines through the Mine Developer and Operator (MDO) model, and
• Solar power project monetisation through self-consumption and grid injection.

Mines Under Operation

The company operates 32 mines (3 underground mines, 25 opencast mines, and 4 mixed mines) and recorded a raw coal offtake of 38.26 million tones in FY25.

Strategies Ahead

• Utilise resources effectively to sustain and expand operations.
• Transform discontinued mines into profitable ventures.
• Monetise, modernise, and renovate washeries.
• Leverage company resources in the Jharia coalfields to drive growth.
• Explore opportunities in coal-bed methane projects.
• Implement energy conservation methods to enhance operational efficiency and reduce environmental impact.

Company Promoters

1. President Of India

Refer to Bharat Coking Coal DRHP for more information.

IPO Details

IPO date: 09 – 13 Jan 2026

Minimum Amount: ₹13,800

Minimum Bid: 600 Shares

Face Value (FV): ₹10

Listing On = NSE, BSE

Book Running Lead Managers

IDBI Capital Markets & Securities

ICICI Securities

Financial

CONCLUSION

FinBlab recommends ‘SUBSCRIBE‘ ratings (keeping long-term view in mind) on Bharat Coking Coal IPO.

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