Bought Coal India shares before Jan 1, 2026? Check your eligibility for Bharat Coking Coal IPO

Bharat Coking Coal Ltd (BCCL), a subsidiary of state-owned Coal India Ltd, has announced the price band for its ₹1,071 crore Initial Public Offering (IPO), which will open for public subscription on Friday, January 9. The price band for Bharat Coking Coal IPO has been set at ₹21 to ₹23 per equity share. Eligible employees will receive a discount of ₹1 per share on the offer price.

At the upper end of the price band, Bharat Coking Coal is expected to command a post-issue market capitalisation of ₹10,711 crore.

Bharat Coking Coal IPO Structure and Stake Sale

Bharat Coking Coal IPO is entirely an offer-for-sale (OFS), with Coal India divesting a 10% stake in Bharat Coking Coal. Following the listing, Coal India’s shareholding in the subsidiary will reduce to 90% from 100%, remaining well above the minimum public shareholding requirement of 75%.

Retail investors can apply for a minimum of one lot comprising 600 shares, requiring an investment of ₹13,800 at the upper end of the price band, and in multiples thereof. The issue allocation includes 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and the remaining 10% for Non-Institutional Investors (HNIs).

The issue will close for subscription on Tuesday, January 13. The basis of allotment is scheduled for January 14, with the company’s shares set to debut on the stock exchanges on Friday, January 16. IDBI Capital Markets and ICICI Securities are acting as the book-running lead managers for the issue.

Also Read: Upcoming IPO: SEBI-Approved 8 Companies to Float IPO, Including Indira IVF

Purchased Coal India Shares Before Jan 1

Additionally, shares worth ₹107 crore have been earmarked for eligible shareholders of Coal India Ltd. Investors who held Coal India shares on or before January 1, 2026, will qualify to apply under the shareholder quota.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.