Bharat Coking Coal IPO listing day postponed; Check the revised date

Synopsis: BCCL, Coal India’s subsidiary, has delayed its IPO debut to January 19, 2026, from January 16. The postponement is due to the Brihanmumbai Municipal Corporation election results announcement coinciding with the original date.

A producer of coking coal, non-coking coal, and washed coal was set to make its debut in the primary market on January 16, but the listing was postponed and has set a new date. In this article, let’s explore the reason for the Debut delay and the postponed date.

Bharat Coking Coal Limited launched its Initial Public Offering (IPO) to raise funds through a book-built offer, open between  January 9-13, with the IPO comprising a pure offer for the sale of 46.57 crore equity shares aggregating up to Rs. 1,071.11 crore, and there is no fresh issue component in this IPO.

Followed by huge anticipation, Bharat Coking Coal’s Rs 1,071 crore IPO saw one of the strongest subscription responses in India’s primary market in recent years, drawing bids totalling over Rs 1.1 lakh crore. 

According to exchange data, investors applied for 50,93,16,75,600 shares at the upper end of the price band of Rs 23, amounting to a total bid value of approximately Rs 1.17 lakh crore. The issue also set a new record for investor participation, receiving 90.31 lakh applications.

Reason for the Delay 

The listing of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, has been postponed by three days. The company will now debut on the stock exchanges on January 19, 2026, instead of the previously scheduled January 16.

The delay is attributed to the announcement of the Brihanmumbai Municipal Corporation (BMC) election results on January 16, following  Stock market authorities typically avoid major listings on days coinciding with significant political events.

The Indian stock market will remain closed on Thursday, January 15, for trading across all segments due to the municipal corporation elections in Maharashtra. Both the BSE and NSE have issued revised circulars confirming the holiday. Now, let’s see the steps to check IPO allotment, which will be out on January 14, 2026, Wednesday. 

Steps to check IPO allotment

Bharat Coking Coal IPO has appointed KFin Technologies Ltd. as the registrar of the issue. Let’s see the steps to check the allotment status.

• Step 1: Go to the Registrar website, which is Kfin Technologies Ltd, for this IPO: 
• Step 2: Select the IPO company name.
• Step 3: Enter your PAN/Application/Beneficiary number in the section, and you can view the status of your IPO allotment.

IPO Reservation

The Bharat Coking Coal IPO comprises a total of 46,57,00,000 shares. The allocation is structured as follows:

• 19,79,22,500 shares (42.50%) for Qualified Institutional Buyers (QIBs)
• 7,91,69,000 shares (17.00%) for QIBs (excluding Anchor investors)
• 5,93,76,750 shares (12.75%) for Non-Institutional Investors (NIIs)
• 13,85,45,750 shares (29.75%) for Retail Individual Investors (RIIs)
• 11,87,53,500 shares (25.50%) reserved for Anchor investors

Financials

Coming to financial highlights, Bharat Coking Coal Limited’s revenue from operations has decreased from Rs. 13,161.10 crore in FY24 to Rs. 13,083.26 crore in FY25, which represents a drop of 0.59 percent. The net profit has also decreased by 20.73 percent from Rs. 1,564.46 crore in FY24 to Rs. 1,240.19 crore in FY25.

In the six months of FY25, Bharat Coking Coal Limited has reported a revenue from operations of Rs. 5,260.29 crore and a net profit of Rs. 123.88 crore. Bharat Coking Coal Limited has a PAT Margin of 8.61 percent and an EBITDA Margin of 16.36 percent.

In terms of return ratios, the company’s ROCE and RoNW stand at 30.13 percent and 20.83 percent, respectively. Bharat Coking Coal Limited has an earnings per share (EPS) of Rs. 2.66.

Overview of Bharat Coking Coal Limited

Bharat Coking Coal Limited (BCCL) was incorporated in 1972 and is a Miniratna public sector enterprise. It is a wholly owned subsidiary of Coal India Limited. BCCL is India’s largest producer of coking coal and contributed about 58.5 percent of the country’s total coking coal output in Fiscal 2025. Coking coal, which is mainly used in steel manufacturing, is the company’s main product. As of April 1, 2024, BCCL had estimated coal reserves of around 7,910 million tonnes.

The company’s mining operations are mainly located in the Jharia coalfield in Jharkhand and the Raniganj coalfield in West Bengal. Its coal production increased from 30.51 million tonnes in FY22 to 40.50 million tonnes in FY25, showing steady operational growth.

Bharat Coking Coal Limited (BCCL) operates 34 mines and is involved in mining, coal washing, revival of old mines, and solar power generation. It supplies coal to power, steel, and fertiliser industries across India.

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