What is Bharat Coking Coal Ltd (BCCL) :
Bharat Coking Coal Ltd (BCCL) is a wholly-owned subsidiary of Coal India Limited (CIL). It was incorporated in 1972 to mine and supply coking coal concentrated in mines located at Jharia, Jharkhand and Raniganj, West Bengal coalfields.
Check out Bharat Coking Coal (BCCL) IPO GMP rates as of today. Bharat Coking Coal IPO GMP started in the grey market. Stay tuned for the latest IPO GMP numbers of Bharat Coking Coal IPO.
Bharat Coking Coal IPO GMP made a high of ₹16 on 5th January and made a low of ₹10 on 3nd January.
Bharat Coking Coal IPO: 10 key things to know
- Bharat Coking Coal IPO subscription period: The initial public offering will be live from January 9 to January 13.
- Anchor investor bidding date: The bidding for anchor investors will take place on Thursday, January 8.
- IPO offer structure: The ₹1,071.11 crore initial share sale is completely an offer for sale of 465,700,000 shares by promoter Coal India.
- Objectives: Since there is no fresh issuance of shares, the company will not get any proceeds from the issue. The funds will go to the promoter selling shareholders.
- Bharat Coking Coal IPO price band: The price band has been fixed at ₹21 to ₹23 per share.
- Reservation: The company has set aside 50% of the net offer for qualified institutional buyers, 15% for non-institutional investors and 35% for retail institutional investors.
- Bharat Coking Coal IPO lot size: Retail investors can bid for a minimum of 600 shares and in multiples thereafter.
- Book-running lead manager and registrar: IDBI Capital Markets & Securities and ICICI Securities are the IPO's book-running lead managers. KFin Technologies serves as the registrar.
- Bharat Coking Coal IPO allotment date: The basis for the allotment is likely to be finalised on January 14.
- Listing date: The listing on the NSE and the BSE will take place on January 16.
Bharat Coking Coal (BCCL) IPO Valuation
| Detail | Information |
| Upper Price Band | ₹23 |
| Fresh Issue | Nil |
| Offer for Sale | 46,57,00,000 (46.57 crore shares) |
| Diluted EPS in ₹ for FY25 | ₹2.66 per share |
Bharat Coking Coal (BCCL) IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail Investors (Minimum) | 1 | 600 | ₹13,800 |
| Retail Investors (Maximum) | 14 | 8400 | ₹1,93,200 |
| S-HNI Investors (Minimum) | 15 | 9,000 | ₹2,07,000 |
| S-HNI Investors (Maximum) | 72 | 43,200 | ₹9,93,600 |
| B-HNI Investors (Minimum) | 73 | 43,800 | ₹10,07,400 |
Bharat Coking Coal (BCCL) IPO Subscription Details
| Investor Category | Shares Offered |
| Total Shares offered in the IPO | 46,57,00,000 (4,657 lakh shares) |
| Employee Reservation Portion | 2,32,85,000 (232.85 lakh shares) |
| Shareholder Reservation Portion | 4,65,70,000 (465.70 lakh shares) |
| Net Offer to the Public | 39,58,45,000 (3,958.45 lakh shares) |
| QIBs # | Not more than 50% of the net offer |
| Non-institutional Bidders | Not less than 15% of the net offer |
| Retail Individual Bidders | Not less than 35% of the net offer |
Bharat Coking Coal (BCCL) IPO Profit and Loss
(in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
| Total Income | 14,401.63 | 14,652.53 | 13,018.57 |
| Profit / (Loss) Before Tax | 1,702.89 | 2,091.67 | 530.19 |
| Profit After Tax | 1,240.19 | 1,564.46 | 664.78 |
| EBITDA | 2,356.06 | 2,493.89 | 891.31 |
| EPS in ₹ | ₹2.66 | ₹3.36 | 1.43 |
Bharat Coking Coal (BCCL) IPO Cash Flow Statement
(in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
| Profit / (Loss) Before Tax | 1,702.89 | 2,091.67 | 530.19 |
| Net Cash from Operating Activities | 796.49 | 1,299.14 | 1,698.78 |
| Cash Generated (Used in) Investing Activities | (782.31) | (1,484.42) | (1,705.83) |
| Net Cash Generated / (Used in) Financing Activities | (132.46) | (73.84) | (42.97) |
| Cash and Cash Equivalents at the End of the Year | 167.54 | 285.82 | 544.94 |
How to Apply for the Bharat Coking Coal (BCCL) IPO?
To apply for this Bharat Coking Coal (BCCL) IPO:
- Log in to your Grow Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.
Conclusion :
According to media reports and https://newipo.info/, Bharat Coking Coal's unlisted shares are trading at ₹36.5, reflecting a grey market premium of 58.70%, or ₹13.5, over the upper price band of ₹23.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Newipo does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions