Bharat Coking Coal IPO

The Bharat Coking Coal IPO is a book-built issue of Rs 1,071.11 crore, entirely an offer for sale of 46.57 crore shares, opening for subscription from Jan 9 to Jan 13, 2026, with allotment expected on Jan 14 and a tentative listing on BSE and NSE on Jan 16, 2026. The IPO’s price band is Rs 21 to Rs 23 per share, with a lot size of 600 shares, requiring a minimum retail investment of Rs 13,800, while sNII investors must apply for 15 lots (9,000 shares) amounting to Rs 2,07,000, and bNII investors for 73 lots (43,800 shares) amounting to Rs 10,07,400. IDBI Capital Markets Services Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar for the issue.

Open Demat Account

Company Financials

You can get the following financial statements of Bharat Coking Coal as of now.

Bharat Coking Coal IPO Details

The details about the Bharat Coking Coal IPO are as follows:

  • The issue size of the IPO is Rs 1,071.11 Cr.
  • The price band for Bharat Coking Coal IPO is Rs 21 to Rs 23.
  • The shares of Bharat Coking Coal IPO will list on BSE and NSE.
  • The latest tentative GMP of Bharat Coking Coal IPO is Rs 10.30.
  • The shares of Bharat Coking Coal IPO are subscribed 146.38 Times.

 

Bharat Coking Coal IPO Valuation

The approximate valuation of Bharat Coking Coal IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 23
Existing Shares (Qty) 465.7 Cr
Market Cap Rs 10711.1 Cr
EPS (FY25) Rs 2.66
PE Ratio 8.64x
Industry PE 17.16x

 

Bharat Coking Coal IPO Issue Size

Bharat Coking Coal IPO issue size is Rs 1,071.11 Cr.

Issue Amount
Fresh Issue Rs 0 Cr
Offer For Sale Rs 1,071.11 Cr

 

Bharat Coking Coal IPO Market Lot

An individual can apply for a minimum of 1 lot of 600 shares and a maximum of 14 lots (8,400 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 600 Rs 13,800
Retail Maximum 14 8,400 Rs 1,93,200

 

Bharat Coking Coal IPO Share Offer

The shares of Bharat Coking Coal IPO are subscribed 146.38 Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Bharat Coking Coal IPO GMP (Grey Market Premium)

As on GMP (Tentative)
12 January 2026 Rs 10.30

Bharat Coking Coal IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Bharat Coking Coal IPO Dates

Find below the dates for Bharat Coking Coal IPO

Schedule Date
Basis of Allotment 14 Jan 2026
Refunds 15 Jan 2026
Credit to Demat Account 15 Jan 2026
IPO Listing Date 16 Jan 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 10127.86 13296.73 14045.34 15917.21 13644.78
Total Expenditure 9995.29 12799.93 12343.81 14932.53 14956.82
Operating Profit 132.57 496.8 1701.53 984.68 -1312.04
Other Income 451.97 394.51 792.36 1371.38 2097.42
Interest 77.75 55.69 61.83 72.49 158.64
Depreciation 315.48 305.43 340.39 580.68 477.56
Exceptional Items 0 0 0 0 0
Profit Before Tax 191.31 530.19 2091.67 1702.89 149.18
Provision for Tax 79.69 -134.59 527.21 462.7 20.9
Net Profit 111.62 664.78 1564.46 1240.19 128.28
Adjusted EPS (Rs.) 0.02 0.14 0.34 0.27 0.03

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 4657 4657 4657 4657 4657
Total Reserves -1383.23 -853.1 664.72 1805.73 1121.8
Borrowings 0 0 0 0 0
Other N/C liabilities 1582.88 1641.15 2659.96 3068.81 3511.59
Current liabilities 5442.24 6819.54 6028.97 7189.11 10763.8
Total Liabilities 10298.89 12264.59 14010.65 16720.65 20054.19
Assets
Net Block 2498.86 3078.85 3614.52 4501.72 5325.84
Capital WIP 1447.35 1299.83 1367.81 1616.78 1874.27
Intangible WIP 18.58 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 127.22 382.02 669.94 836.81 1185.39
Other N/C Assets 829.87 944.69 1073.58 1224.74 1638.86
Current Assets 5377.01 6559.2 7284.8 8540.6 10029.83
Total Assets 10298.89 12264.59 14010.65 16720.65 20054.19
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2025 Mar 2026 Jun 2026
Other Income 70.44 556.55 135.97
Profit Before Tax -69.1 18.94 -103.07
Tax -46.22 -8.34 -34.98
Profit After Tax -22.88 27.28 -68.09
Adjusted EPS (Rs) -0.05 0.06 -0.15

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 90 0
Mar 2026 90 0
Jan 2026 90 0
Dec 2025 0 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 191.31 530.19 2091.67 1702.89 149.18
Adjustment 162.54 750.37 -172.73 -227.07 -854.96
Changes in Assets & Liabilities 2975.1 436.66 -505.19 -488.46 -118.32
Tax Paid -28.72 -18.44 -114.61 -360.45 183.46
Operating Cash Flow 3300.23 1698.78 1299.14 626.91 -640.64
Investing Cash Flow -582.07 -1686.52 -1485.61 -822.8 -309.59
Financing Cash Flow -2149.5 -42.97 -73.84 37.12 1149.78
Net Cash Flow 568.66 -30.71 -260.31 -158.77 199.55
X