Bharat Coking Coal Limited IPO: Draft Red Herring Prospectus Announced
Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, has announced its Draft Red Herring Prospectus (DRHP) for an upcoming Initial Public Offering (IPO). This IPO is an Offer for Sale (OFS) of 465,700,000 equity shares, offering investors an opportunity to participate in India’s largest coking coal producer’s growth story.
Company Overview
Bharat Coking Coal Limited is the largest coking coal producer in India, accounting for 58.50% of domestic production in Fiscal 2025. The company holds significant coking coal reserves, estimated at 7,910 million tonnes as of April 1, 2024. BCCL primarily operates in Jharia, Jharkhand, and Raniganj, West Bengal. The company’s operations include 32 mines and five coal washeries, supported by strategic infrastructure and advanced mining technologies.
Key Achievements
BCCL has demonstrated substantial growth in recent years. Production has increased from 30.51 million tonnes in Fiscal 2022 to 40.50 million tonnes in Fiscal 2025. BCCL’s commitment to innovation, sustainable development, and strategic investments positions it well to capitalize on the growing demand for coking coal in India.
Financial Overview ( in Millions)
Here’s a snapshot of Bharat Coking Coal Limited’s financial performance:
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets | 17,283.48 |
| Revenue | 14,597.53 |
| Profit After Tax | 1,240.19 |
| Net Worth | 6,551.23 |
| Total Borrowing | 0.00 |
Offer for Sale and IPO Structure
The IPO consists entirely of an Offer for Sale of 465,700,000 equity shares by Coal India Limited. The allocation of shares for different investor categories is as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The lead managers for the IPO are IDBI Capital Markets & Securities Limited and ICICI Securities Limited. KFin Technologies Limited is the registrar for the IPO.
Conclusion
The Bharat Coking Coal Limited IPO presents an exciting investment opportunity in India’s coking coal sector. Investors are encouraged to stay updated on the IPO launch date and consider participating in this offering.