Bharat Coking Coal(BCCL) ipo date, Share Price Target Tomorrow, 2026, 2027, 2030
Bharat Coking Coal is a government company and a part of Coal India Limited. It is based in Dhanbad, Jharkhand, and is the biggest producer of coking coal in India, which is needed to make steel. It supplies coal to steel plants, power plants, and other factories from its mines in Jharkhand and West Bengal. The company also makes non-coking coal and cleaned (washed) coal for different uses. It runs coal cleaning plants to improve coal quality. It helps reduce coal imports and supports India’s steel and power industries.
- 1 What is Bharat Coking Coal Ltd IPO?
- 2 Bharat Coking Coal IPO Details
- 3 Bharat Coking Coal IPO Reservation
- 4 Bharat Coking Coal Share Price Target Tomorrow (Listing day price)
- 5 Bharat Coking Coal Share Price Target 2026
- 6 Bharat Coking Coal share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 Bharat Coking Coal share price Target 2030
- 10 Share price Target 2040
- 11 Share Price Target 2050
- 12 Should I buy Bharat Coking Coal stock?
- 13 Bharat Coking Coal earnings results (Financials)
- 14 Is Bharat Coking Coal stock good to buy? (bull case & bear case)
- 15 Bharat Coking Coal IPO Promoter Holding
- 16 Objects of the Issue (Bharat Coking Coal IPO Objectives)
- 17 Bharat Coking Coal ipo gmp
- 18 Conclusion
- 19 FAQs
What is Bharat Coking Coal Ltd IPO?
Bharat Coking Coal Limited (BCCL) is an Indian government company that digs coal from the ground. It works under Coal India Limited and started in 1972. It mainly produces coking coal, which is used to make steel. The company is located in Dhanbad, Jharkhand, and its coal mines are in the Jharia and Raniganj areas. It supplies coal to steel plants, power plants, and other factories. It is important because it supports Indian industries and helps reduce coal imports from other countries.
Bharat Coking Coal IPO Details
| IPO Date | 9 to 13 Jan, 2026 |
| Listing Date | Fri, 16 Jan, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹21 to ₹23 |
| Shareholding Pre-Issue | ₹12600 |
| Lot Size | 600 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Post Issue | 4,65,70,00,000 shares |
| Share Holding Post Issue | 4,65,70,00,000 shares |
Bharat Coking Coal IPO Reservation
| Application Category | Shareholder limit: Up to Rs 2 Lakhs Employee limit: Up to Rs 5 Lakhs. (In certain cases, employees are given a discount if bidding amount is upto Rs. 2 lakhs) | Bidding at Cut-off Price Allowed |
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Shareholder limit: Up to Rs 2 Lakhs Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given a discount if bidding amount is upto Rs. 2 lakhs) If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes |
| Employee + Shareholder | Up to Rs 5 Lakhs | Yes |
| Employee + Shareholder + RII/NII | Shareholder limit: Up to Rs. 2 lakhs If applying as RII: Up to Rs. 2 lakhs. If applying as NII: sNII > Rs. 2 lakhs and up to Rs. 10 lakhs, and bNII > Rs. 10 lakhs | Yes for shareholder/employee/RII |
| Shareholder + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given a discount ifthe bidding amount is upto Rs. 2 lakhs). If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given a discount if the bidding amount is up to Rs. 2 lakhs). If applying as RII: Up to Rs. 2 lakhs. If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakh,s and bNII > Rs. 10 lakhs |
It is a strong company that is making more profits and working well. It has very little debt, so it is safe financially, and it makes good returns from its business. The company has a lot of coal, which helps it supply coal for a long time. Some money comes from other sources, and it sometimes takes longer to get payments from customers, but overall, the company is well-managed and supports India’s steel and power industries. It focuses on good-quality coking and washed coal, which gives it an advantage, and it keeps improving its mines and coal cleaning plants to grow and work efficiently.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
| Tomorrow | -2 | +8 |
It is a government-owned company in India that mines coal. It was started to manage India’s coal, especially in areas where high-quality coking coal is found. The main work of the company is to mine and supply coking coal, which steel factories use to make coke. Coke is a strong fuel needed in blast furnaces to make steel. It also produces non-coking coal and washed coal for industries like power plants, cement factories, and other manufacturing units. In 2026, its share price target would be ₹50.56, as per stock market analysts.
According to stock market analysts, its share price would be between ₹15.77 to ₹50.56 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 15.77 | 50.56 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 19.34 | 27.31 |
| February | 17.59 | 33.41 |
| March | 15.77 | 35.78 |
| April | 18.78 | 37.15 |
| May | 20.14 | 41.56 |
| June | 23.77 | 42.84 |
| July | 25.41 | 44.65 |
| August | 26.12 | 45.77 |
| September | 28.15 | 47.15 |
| October | 29.10 | 48.45 |
| November | 30.12 | 49.10 |
| December | 33.78 | 50.56 |
It works in some of the richest coal areas of eastern India. Its main mining areas are the Jharia Coalfield in Jharkhand and the Raniganj Coalfield in West Bengal. Both places have high-quality coking coal, which is very important for steel production. The company operates numerous mines in these areas, including underground mines, open-pit mines, and mixed mines. Because of this, it can supply coal to steel plants, power plants, and other industries across India. The company also uses modern machines and safety practices to improve production and protect workers and the environment. In 2027, its share price target would be ₹80.84, as per stock market analysts.
According to stock market analysts, its share price would be between ₹48.10 to ₹80.84 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 48.10 | 80.84 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 48.10 | 61.14 |
| February | 49.73 | 63.67 |
| March | 51.23 | 67.15 |
| April | 53.11 | 68.56 |
| May | 55.15 | 70.12 |
| June | 57.15 | 72.74 |
| July | 58.64 | 73.65 |
| August | 58.90 | 75.37 |
| September | 59.36 | 76.67 |
| October | 60.15 | 77.56 |
| November | 62.45 | 79.10 |
| December | 63.78 | 80.84 |
Coking coal is a special type of coal used to make coke, which is very important for steel-making. Coke is made by heating coal in ovens without air, which removes impurities. The coke then burns at very high temperatures, which is needed to melt iron in blast furnaces. Steel is used for buildings, roads, cars, and many other things, so coking coal is very important for the economy. The company is the biggest producer of coking coal in India and makes sure steel factories get a steady supply. This helps India grow its steel industry and reduces the need to buy coal from other countries. In 2028, its share price target would be ₹116.56, as per stock market analysts.
According to stock market analysts, its share price would be between ₹77.56 to ₹116.56 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 77.56 | 116.56 |
It produces different types of coal for different industries. Its main product is coking coal, used mainly by steel factories. The company also produces non-coking coal, which is used by power plants, cement factories, and other industries for heat and energy. It has coal washeries too, where raw coal is cleaned to remove ash and dirt. Washed coal burns better, gives more energy, and creates less pollution. By providing different types of coal, it meets the needs of many industries and helps them use coal more efficiently and more cleanly. In 2029, its share price target would be ₹152.84, as per stock market analysts.
According to stock market analysts, its share price would be between ₹102.45 to ₹152.84 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 102.45 | 152.84 |
It uses modern machines and technology for mining. Machines like draglines, shovels, dumpers, drills, and dozers help take out coal quickly and safely. For underground mines, the company uses special machines to keep workers safe and produce more coal. It also invests in ways to transport, store, and handle coal from mines to washeries and then to industries. Using good machines and careful planning helps it to produce coal steadily, lower costs, and meet the growing needs of the steel and power industries. It also helps keep the mining sites safe for workers. In 2030, its share price target would be ₹190.41, as per stock market analysts.
According to stock market analysts, its share price would be between ₹147.25 to ₹190.41 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 147.25 | 190.41 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 147.25 | 162.17 |
| February | 149.53 | 164.84 |
| March | 151.25 | 166.84 |
| April | 153.31 | 168.34 |
| May | 152.47 | 170.34 |
| June | 155.74 | 172.56 |
| July | 157.15 | 175.25 |
| August | 158.34 | 177.25 |
| September | 160.22 | 181.57 |
| October | 163.74 | 184.15 |
| November | 167.15 | 188.87 |
| December | 170.23 | 190.41 |
It works to mine coal in a safe and environmentally friendly way. The company trains miners regularly and prepares them for emergencies. It also works to reduce pollution and restore mined land so it can be used again. It organises programs for workers and nearby communities, like health camps, safety workshops, and education programs. It makes sure coal production benefits the country without harming people or nature. This approach also helps local communities and supports sustainable development in the areas where it operates. In 2040, its share price target would be ₹600, as per stock market analysts.
According to stock market analysts, its share price would be between ₹447 to ₹600 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 447 | 600 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 447 | 490 |
| February | 450 | 511 |
| March | 453 | 519 |
| April | 455 | 523 |
| May | 459 | 530 |
| June | 460 | 534 |
| July | 461 | 537 |
| August | 463 | 547 |
| September | 467 | 553 |
| October | 470 | 560 |
| November | 489 | 587 |
| December | 497 | 600 |
Its workers are one of the company’s biggest strengths. The company employs miners, engineers, managers, and office staff to run operations smoothly. Workers get training to improve their skills and follow safety rules. The company also provides medical check-ups, health camps, and workshops for employees. Skilled and motivated workers help produce better quality coal and make mining safer. It encourages teamwork and responsibility, which improves overall performance. The company ensures that mining is done efficiently, safely, and in a way that can continue for a long time. In 2050, its share price target would be ₹1130, as per stock market analysts.
According to stock market analysts, its share price would be between ₹900 to ₹1130 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 900 | 1130 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 900 | 1007 |
| February | 911 | 1014 |
| March | 920 | 1020 |
| April | 927 | 1033 |
| May | 937 | 1042 |
| June | 949 | 1050 |
| July | 958 | 1057 |
| August | 978 | 1067 |
| September | 980 | 1078 |
| October | 1012 | 1087 |
| November | 1022 | 1109 |
| December | 1042 | 1130 |
Should I buy Bharat Coking Coal stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 15.77 | 50.56 |
| 2027 | 48.10 | 80.84 |
| 2028 | 77.56 | 116.56 |
| 2029 | 102.45 | 152.84 |
| 2030 | 147.25 | 190.41 |
| 2040 | 447 | 600 |
| 2050 | 900 | 1130 |
It can be a safe choice for investment because it is a strong company in the coal and steel business. It has a lot of coal and mainly sells it to steel and power companies, so people always need its coal. The company has been making good profits and has very little debt, which makes it less risky. Some of its profit comes from other sources, not just coal, and it takes more time to get money from customers now.
Bharat Coking Coal earnings results (Financials)
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
| Sales + | 6,567 | 10,128 | 12,624 | 14,246 | 13,803 |
| Expenses + | 7,994 | 9,995 | 12,126 | 12,158 | 12,044 |
| Operating Profit | -1,426 | 133 | 499 | 2,088 | 1,758 |
| OPM % | -22% | 1% | 4% | 15% | 13% |
| Other Income + | 180 | 452 | 393 | 406 | 598 |
| Interest | 122 | 78 | 56 | 62 | 72 |
| Depreciation | 209 | 315 | 305 | 340 | 581 |
| Profit before tax | -1,577 | 191 | 530 | 2,092 | 1,703 |
| Tax % | -24% | 42% | -25% | 25% | 27% |
| Net Profit + | -1,202 | 112 | 665 | 1,564 | 1,240 |
| EPS in Rs | -258.21 | 23.97 | 142.75 | 335.94 | 266.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Is Bharat Coking Coal stock good to buy? (bull case & bear case)

Bull Case:
- It is a large and established company with a market cap of around ₹10,711 crore.
- It uses its money efficiently with a ROCE of 28.9% and ROE of 21%, showing strong profitability.
- Net profit for the last reported year was ₹1,240 crore, demonstrating significant earnings.
- Sales are strong at ₹13,803 crore, indicating a solid business base.
- Debts are very low at around ₹233 crore, making it financially safe and less risky.
Bear Case:
- Debtor days increased from 39.7 to 48.9, meaning the company is taking longer to get payments from customers.
- Net profit dropped from ₹1,564 crore to ₹1,240 crore, showing some pressure on earnings.
- Cash from operations fell to ₹796 crore, which could affect the company’s ability to manage daily business.
- Dividend payout is 0%, so shareholders do not get returns even though the company is profitable.
Bharat Coking Coal IPO Promoter Holding
| Item | Details |
| Pre-IPO Promoter Holding | 100% (held by Coal India Limited/Ministry of Coal) |
| Post-IPO Promoter Holding | 90% |
| Public Holding After IPO | 10% |
Objects of the Issue (Bharat Coking Coal IPO Objectives)
- The company wants to sell 10% of its shares to the public, so more people can become shareholders.
- It aims to increase the public holding from 0% to 10% after the IPO.
- The company plans to follow strict rules of listing to improve transparency and good management.
- It wants to raise its profile in the market and be noticed by more investors.
- The company hopes to build trust with customers, partners, and investors through the IPO.
- It helps to create a market for its shares, so investors can easily buy and sell them.
Bharat Coking Coal ipo gmp
| GMP Date | IPO Price | GMP | Expected Listing | Premium (%) |
| 09-Jan-2026 | ₹23 | ₹11.5 | ₹34.5 | 50.00% |
| 08-Jan-2026 | ₹23 | ₹11.5 | ₹34.5 | 50.00% |
| 07-Jan-2026 | ₹23 | ₹12.6 | ₹35.6 | 54.78% |
| 06-Jan-2026 | ₹23 | ₹13.5 | ₹36.5 | 58.70% |
| 05-Jan-2026 | ₹23 | ₹16.5 | ₹39.5 | 71.74% |
Conclusion
It is a government company under Coal India and the biggest producer of coking coal in India. It provides coal to the steel and power industries from its mines in Jharkhand and West Bengal. The company is strong, well-managed, and has plenty of coal, but it has some problems, like slower payments from customers and no dividend for shareholders. It can be a safe choice for long-term investment, but investors should watch its profits and cash carefully.

