BCCL IPO Price Band: Bharat Coking Coal Ltd (BCCL), an arm of Coal India, on fixed the price band of its upcoming Rs 1,071-crore initial public offering (IPO). The IPO, which happens to be the first main board public issue of 2026, will open for subscription on January 9.
Bharat Coking Coal IPO Details
Bharat Coking Coal IPO Price Band: The company has fixed a price band of Rs 21 to Rs 23 per share for its initial share sale.
Bharat Coking Coal IPO Subscription Period: The public issue will remain open between January 9 to January 13. Meanwhile anchor investor can place their bid on January 8.
Bharat Coking Coal IPO Issue Size: The public sector unit aims to raise Rs 1,071 crore, and at the higher end of the price band, the company is valued at over Rs 10,700 crore.
Bharat Cooking Coal IPO Listing Date: The shares of BCCL will be scheduled to make their stock market debut on January 16.
IPO Is Entirely a 'Offer for Sale' Issue
According to the red herring prospectus (RHP), the maiden public issue -- entirely an offer for sale (OFS) of 46.57 crore equity shares by Coal India.
The listing of BCCL on the stock exchange is part of a broader government effort to privatise the coal sector, which aims to unlock value in Coal India’s subsidiaries and improve transparency through market discipline.
Shares Reservation
The company announced that half of the offering is allocated to qualified institutional investors, 35 per cent to non-institutional investors, and the remaining 15 per cent to retail investors.
BCCL is India's largest coal producer
According to PTI, citing a Crisil report, BCCL was India's largest producer of coking coal in fiscal year 2025.
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The company operates a network of 34 mines, including 4 underground mines, 26 open-pit mines, and 4 mixed mines, as of September 30, 2025.
The Dalal Street market will be closely watching this offering as an early indicator of investor interest in state-owned enterprises in the new year.