BSE List Price : ₹45.21

NSE List Price : ₹45.00

subscription

Category	Times
QIBs	310.81x
HNIs	258.16x
Retail	49.33x
Total : 146.87x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	600	₹13,800
Retail Maximum	14	8,400	₹193,200
S-HNI Minimum	15	9,000	₹207,000
S-HNI Maximum	72	43,200	₹993,600
B-HNI Minimum	73	43,800	₹1,007,400

About the Company

Bharat Coking Coal Limited (BCCL), incorporated in 1972, is a prominent mining company engaged in the production and supply of coking coal, non-coking coal, and washed coal. In 2014, the company was conferred Mini Ratna status, recognizing its significant role in supplying coking coal to the steel and power sectors. BCCL operates across the Jharia coalfields in Jharkhand and the Raniganj coalfields in West Bengal.

As of March 31, 2025, the company manages a total of 32 mines, comprising 25 opencast mines, 3 underground mines, and 4 mixed mines. During FY25, BCCL achieved coal production of 40.50 million tonnes and accounted for approximately 58.5% of India’s total domestic coking coal output. The company’s operations include both opencast and underground mining, coal washeries, the revival of previously discontinued underground mines, and the restart of coal washeries that had remained idle for a considerable period.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹13018.57	₹12488.38	₹664.78	₹13312.86
2024	₹14652.53	₹12560.86	₹1564.46	₹14727.73
2025	₹14401.63	₹12698.74	₹1240.19	₹17283.48
Sep 2025	₹6311.51	₹6112.17	₹123.88	₹18711.13

Company Promoter

Government of India

Know before investing

• • Strengths

  Largest Coking Coal Producer with Significant Reserves:
  BCCL stands as India’s largest producer of coking coal, accounting for 58.50% of the country’s domestic output in FY 2025. The company possesses coking coal resources totaling 7.91 billion tonnes, making it the sole supplier of prime coking coal in India, as per the CRISIL report. These extensive reserves support consistent supply to critical sectors including steel, power, cement, and fertilizers, while also enabling strong operational scale efficiencies.

  Well Positioned to Capitalize on Growing Coking Coal Demand:
  India’s demand for coking coal is expected to increase from 67 million tonnes in FY 2025 to 104 million tonnes by FY 2030, primarily supported by growth in the steel sector, as per the CRISIL report. Backed by a substantial reserve base and a leading market position, BCCL is strategically placed to benefit from this demand expansion and sustain its long-term leadership in the market.

• • Risks

  Reliance on a Concentrated Vendor Base:
  The company depends on a limited number of major vendors for essential inputs and services, including diesel supply, explosives, overburden removal, coal extraction, transportation, and coal washing. Any interruption in these vendor arrangements—arising from operational challenges, financial difficulties, regulatory developments, or external factors—may disrupt operations and adversely impact overall performance.

  Heavy Dependence on External Contractors:
  A significant portion of the company’s coal mining and handling operations is outsourced to third-party contractors, representing 78.47% of activities in FY 2025. This reliance creates exposure to risks such as cost variability, inconsistent service standards, execution delays, and operational inefficiencies. Any lack of dependable performance by these contractors could adversely affect production volumes, logistics efficiency, and the company’s overall financial performance.

Objects of the Issue & Utilisation of proceeds

NA

Company  Address

Bharat Coking Coal Limited.
Koyla Bhawan, Koyla Nagar,
Dhanbad Jharkhand,
India – 826005
Phone: 0326-2230190
Email: cos.bccl@coalindia.in
Website: https://bcclweb.in/

IPO Registrar

Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bccl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

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