Sharescart Research Club logo
Apollo Green 60 (-3.2%)Axles India 525 (6.1%)Bira 108 (0%)CIAL 438 (0%)CSK 268 (8.1%)ESDS Software 448 (-3.7%)Garuda Aerospace 485 (-2%)GFCL EV 42 (0%)HDFC Securities 8950 (-0.6%)Hella Infra 110000 (-2.2%)Hero Fincorp 1075 (2.4%)HPX India 29 (11.5%)Incred Holdings 152 (-1.3%)India Carbon 895 (0%)Indian Potash 2850 (1.8%)Inox Clean 725 (-8.8%)Insolare Energy 185 (0%)Matrix Gas 16 (0%)Motilal Oswal 12.95 (17.7%)MSEI 6.25 (-7.4%)Nayara Energy 1200 (0%)NCDEX 398 (-1.7%)NeRL 58 (0%)NSE 1965 (3.7%)Onix Renewable 68 (17.2%)Orbis Financial 408 (0.7%)OYO 24 (0%)Pharmeasy 6.25 (-3.8%)Polymatech Electronics 62 (-3.1%)RRP S4E 168 (-15.2%)SBI Mutual 775 (0%)Ticker Ltd 32 (0%)Zepto 49 (-9.3%)

15 Days Price Change

Bharat Coking Coal IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size 797.98 Cr
Profile
Price Range 21  to  23 per share
Profile
Min Investment ₹23
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are the largest coking coal producer in India in Fiscal 2025 in terms of coking coal production, which accounted for 58.50% of the domestic coking coal production in Fiscal 2025. (Source: CRISIL Report) Our primary product is coking coal, with an estimated reserve of approximately 7,910 million tonnes, as of April 1, 2024, making us one of the largest coking coal reserve holder in India. (Source: CRISIL Report) We produce various grades of coking coal, non-coking coal and washed coals for applications primarily in the steel and power industries. Read More

Basic Info

Face Value 10 per share

Price 21  to  23 per share

P/E (x) 0.1

Sales( Cr.) 13998

PAT( Cr.) 1240

EPS 266.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

President of India Acting Through The Ministry of Coal Government of India and Coal India Ltd.

Pre Issue Share Holding 100%

Post Issue Share Holding 90%

Listing Details:

Listing Price: 45.21

Listing Gain: 49.13%

Current Price: 33.4

Gain On Issue: 33.4 | 0%

GMP: 18.5

GMP %: 80.4 %

IPO Tentative Timetable

Opening Date Jan 09, 2026
Closing Date Jan 13, 2026
Allotment Jan 14, 2026
Refund Jan 15, 2026
Delivery of Shares Jan 15, 2026
Listing Date Jan 16, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 13,800
Retail (Max) 14 8400 193,200
S-HNI (Min) 15 9000 207,000
S-HNI (Max) 72 43200 993,600
B-HNI (Min) 73 43800 1,007,400

Objective of the Issue

The objects of the Offer are to (i) to carry out the Offer for Sale of 465,700,000 Equity Shares of face value of ?10 each of our Company by the Promoter Selling Shareholder aggregating to ? 10,687.82 million (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Issue

Category Nos Bid Bid (x)
QIB 79169000 24606519600 310.8x
NII 59376750 15328863000 258.2x
Retail 138545750 6834498000 49.3x
EMP 23285000 120525600 5.2x
Total 346946500 50955558000 146.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Bharat Coking Coal Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 8260 10578 8267 7456 9875 9426 6567 10128 13297 14045 13998
Other Income 571 608 510 626 383 767 375 452 395 792 1371
Total Income 8831 11186 8777 8082 10258 10193 6943 10580 13691 14838 15370
Total Expenditure 7461 10195 8604 9741 9252 8782 8189 9995 12800 12344 13014
Operating Profit 1371 990 173 -1659 1006 1410 -1247 585 891 2494 2356
Interest 4 163 174 190 201 222 122 78 56 62 72
Depreciation 213 221 263 276 249 198 209 315 305 340 581
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1154 606 -263 -2125 557 991 -1577 191 530 2092 1703
Provision for Tax 391 -3 -93 -734 268 72 -375 80 -135 527 463
Profit After Tax 763 609 -170 -1391 289 919 -1202 112 665 1564 1240
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 763 609 -170 -1391 289 919 -1202 112 665 1564 1240
Adjusted Earnings Per Share 3.6 2.9 -0.8 -6.6 1.4 2 -2.6 0.2 1.4 3.4 2.6

Bharat Coking Coal Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3130 2062 1926 629 1052 4298 3089 3274 3804 5322 6463
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 1866 2016 2177 2351 0 0 0 0 0 0
Other Non-Current Liabilities 667 677 715 864 565 1297 998 1583 1641 2660 3069
Total Current Liabilities 4825 4541 5293 5955 6196 6208 7371 5442 6820 6029 7189
Total Liabilities 8621 9146 9949 9624 10164 11803 11457 10299 12265 14011 16721
Fixed Assets 1321 1684 1517 1920 1986 2065 2303 2499 3079 3615 4502
Other Non-Current Assets 1100 1345 1947 2336 2435 2926 2276 2423 2627 3111 3678
Total Current Assets 6201 6117 6485 5368 5744 6812 6879 5377 6559 7285 8541
Total Assets 8621 9146 9949 9624 10164 11803 11457 10299 12265 14011 16721

Bharat Coking Coal Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 67 -31 570 38 193 86 -549 49 617 587 326
Cash Flow from Operating Activities 675 -322 -37 646 1457 -910 -2303 3300 1699 1299 1753
Cash Flow from Investing Activities -738 990 -494 -442 -1431 343 970 -582 -1687 -1486 -1736
Cash Flow from Financing Activities -35 -67 -0 -48 -132 -68 1930 -2150 -43 -74 -132
Net Cash Inflow / Outflow -99 601 -532 155 -106 -635 597 569 -31 -260 -115
Closing Cash & Cash Equivalent -31 570 38 193 86 -549 49 617 587 326 211

Bharat Coking Coal Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.6 2.88 -0.8 -6.57 1.36 1.97 -2.58 0.24 1.43 3.36 2.57
CEPS(Rs) 4.61 3.92 0.44 -5.27 2.54 2.4 -2.13 0.92 2.08 4.09 3.91
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 2.79 9.74 9.09 2.97 4.97 9.23 6.63 7.03 8.17 11.43 13.88
Core EBITDA Margin(%) 9.06 3.4 -3.8 -30.06 4.64 5.07 -18.1 0.98 2.86 9.19 5.34
EBIT Margin(%) 13.12 6.84 -1.01 -25.45 5.65 9.55 -16.24 1.98 3.38 11.63 9.64
Pre Tax Margin(%) 13.08 5.39 -2.97 -27.95 4.15 7.8 -17.6 1.41 3.06 11.3 9.24
PAT Margin (%) 8.65 5.42 -1.92 -18.3 2.15 7.23 -13.42 0.82 3.83 8.45 6.73
Cash Profit Margin (%) 11.06 7.39 1.05 -14.67 4 8.79 -11.09 3.14 5.59 10.29 9.88
ROA(%) 9.29 6.86 -1.78 -14.22 2.92 8.36 -10.34 1.03 5.89 11.91 8.07
ROE(%) 481.45 45.92 -8.52 -108.91 34.36 34.34 -32.56 3.51 18.79 34.29 21.05
ROCE(%) 37.93 21.19 -2.27 -57.36 24.41 29.28 -29.04 6.4 16.56 47.2 30.13
Receivable days 65.57 68.84 108.76 98.31 28.2 43.5 110.39 54.3 24.06 25.48 31.51
Inventory Days 31.11 27.68 44.91 55.64 24.51 21.18 38.47 29.1 21.11 23.77 33.1
Payable days 402.84 986.36 -2077.96 1295.33 1242.22 2178.43 -1515.22 719.34 603.4 0 -2222.01
PER(x) 0 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.28 0.22 0.34 0.43 0.24 0.4 0.99 0.4 0.26 0.26 0.25
EV/Core EBITDA(x) 1.66 2.33 16.22 -1.93 2.35 2.68 -5.24 6.9 3.93 1.49 1.5
Net Sales Growth(%) 0 28.06 -21.84 -9.81 32.44 -4.55 -30.33 54.22 31.29 5.63 -0.33
EBIT Growth(%) 0 -33.58 -111.62 -2064.92 139.16 60.06 -219.99 118.49 117.75 267.57 -17.56
PAT Growth(%) 0 -20.19 -127.91 -718.46 120.76 218.14 -230.89 109.28 495.57 135.34 -20.73
EPS Growth(%) 0 -20.19 -127.91 -718.52 120.76 44.69 -230.89 109.28 495.54 135.33 -23.57
Debt/Equity(x) 0.06 0.91 1.05 3.46 2.23 0.14 0.66 0 0 0 0
Current Ratio(x) 1.29 1.35 1.23 0.9 0.93 1.1 0.93 0.99 0.96 1.21 1.19
Quick Ratio(x) 1.12 1.27 1.07 0.78 0.84 1.03 0.81 0.87 0.86 1.04 0.96
Interest Cover(x) 321.62 4.71 -0.51 -10.18 3.77 5.47 -11.96 3.46 10.52 34.83 24.49
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -0% 11% 8% 5%
Operating Profit CAGR -6% 59% 11% 6%
PAT CAGR -21% 123% 6% 5%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 21% 25% 9% 48%
ROCE Average 30% 31% 14% 11%

Company Contact Information

Bharat Coking Coal Ltd.

Bani Kumar Parui

0326-2230190

cos.bccl@coalindia.in

IPO Lead Manager(s)

Bharat Coking Coal Ltd.

IDBI Capital Markets & Securities Ltd. (Formerly known as IDBI Capital Market Services Ltd.)

ICICI Securities Ltd

Registrar Info

Bharat Coking Coal Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp