31 Mar 2023
Assets13,312.86
Total Income13,018.57
EBITDA891.31
Profit After Tax664.78
NET Worth3,791.01
Reserves and Surplus-853.10
At a glance
Updated 2026-09-09The shares listed at ₹45.00, a 95.65% move from the issue price. Bharat Coking Coal is a Mainboard IPO with an issue size of ₹1,068.78 crore, proposed for listing on BSE, NSE. The offer opens on 9th Jan 2026 and closes on 13th Jan 2026. The issue structure includes an offer-for-sale component of ₹1,068.78 crore. The current listing schedule points to 19th Jan 2026.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,068.78 Cr
Offer for sale₹1,068.78 Cr
Face value₹10
Price band₹21.00–₹23.00
Allotment14th Jan 2026
Listing19th Jan 2026
Listing performance
Full performance ↗Issue price₹23.00
Listing price₹45.00
Current price—
Listing gain95.65%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹18.50
GMP / upper price80.43%
Est. listing₹41.50
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens9th Jan 2026
Closes13th Jan 2026
Allotment14th Jan 2026
Refund15th Jan 2026
Demat15th Jan 2026
Listing19th Jan 2026
Subscription demand
Full bidding ↗QIB310.81×
sHNI222.78×
bHNI275.64×
NII / HNI275.64×
Retail49.37×
Total143.85×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 600 | ₹13,800 |
Company
Incorporated1972
Use of proceeds
| Object | Amount |
|---|---|
| Achieve the benefits of listing the Equity Shares on the Stock Exchange | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue6,311.51₹ Cr · -56.2% vs prior year
EBITDA459.93₹ Cr · -80.5% vs prior year
PAT123.88₹ Cr · -90.0% vs prior year
Assets18,711.13₹ Cr · +8.3% vs prior year
Net Worth5,830.89₹ Cr · -11.0% vs prior year
Borrowing1,559.13₹ Cr
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets14,727.73
Total Income14,652.53
EBITDA2,493.89
Profit After Tax1,564.46
NET Worth5,355.47
Reserves and Surplus664.72
31 Mar 2025
Assets17,283.48
Total Income14,401.63
EBITDA2,356.06
Profit After Tax1,240.19
NET Worth6,551.23
Reserves and Surplus1,805.73
30 Sep 2025
Assets18,711.13
Total Income6,311.51
EBITDA459.93
Profit After Tax123.88
NET Worth5,830.89
Reserves and Surplus1,006.52
Total Borrowing1,559.13
KPIs
| KPI | Mar 31, 2025 | Sep 30, 2026 |
|---|---|---|
| ROCE | 30.13% | |
| RoNW | 20.83% | 13.12% |
| PAT Margin | 8.61% | 1.96% |
| EBITDA Margin | 16.36% | 7.29% |
| Price to Book Value | 1.63 | 1.84 |
Valuation & shareholding
Pre-IPO EPS2.66
Post-IPO EPS0.53
Pre-IPO P/E8.64
Post-IPO P/E43.23
Promoter holding pre100%
Promoter holding post90%
Market cap₹10711.10 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Bharat Coking Coal IPO | — | 43.23 x | — | — |
| Caliber Mining IPO | — | 17.55 x | — | — |
| Central Mine IPO | — | 21.65 x | — | — |
| Midwest Limited IPO | — | 39.49 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLMs’ fees and commissions (including underwriting commission) | ₹33.34 Cr |
| Brokerage and selling commission and bidding/uploading charges payable to members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers | ₹2.03 Cr |
| Fees payable to Registrar of the Offer | ₹0.06 Cr |
| Non statutory advertising and other marketing expenses | ₹5.41 Cr |
| Listing fees, SEBI fees, upload fees, BSE and NSE processing fees, book-building software fees | ₹12.21 Cr |
| Fees payable to other parties, including but not limited to Statutory Auditors, Practicing Company Secretary, technical expert and industry expert. | ₹3.12 Cr |
| Fees payable to legal counsels | ₹3.84 Cr |
| Miscellaneous | ₹0.45 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- ICICI Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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