BCCL IPO: Holding Coal India shares? Check how to apply under shareholder quota

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Ltd, is set to launch its much-anticipated initial public offering (IPO) on January 9, marking one of the most closely watched public issues in India’s PSU space. The IPO will remain open for subscription for three trading days and is expected to list on domestic stock exchanges later this month.

Bharat Coking Coal IPO issue size and other details

Bharat Coking Coal's maiden public offer is a book-building issue of Rs 1,071.11 crore, consisting entirely of an offer-for-sale (OFS) of 46.57 crore shares, with no fresh issue component.

Add Zee Business as a Preferred Source

According to the company's RHP, IDBI Capital Markets Services Ltd and ICICI Securities Ltd are the book-running lead managers, and Kfin Technologies Ltd is the registrar of the issue.

The IPO has reserved 50 per cent, 15 per cent and 35 per cent of the net offer for the QIB, NII and retail investor categories, respectively.

Bharat Coking Coal IPO price band

The IPO is priced at Rs 21 to Rs 23, giving the company a market valuation of around Rs 10,711 crore.

Minimum investment required in the retail category is Rs 13,800 (based on the price band's upper limit), which is equal to a lot size of 600 shares.

Bharat Coking Coal IPO Timeline: Bidding, allotment & listing date

The public bidding for Bharat Coking Coal's IPO will commence on January 9, 2026, and it will be open until January 13, 2026. A day before its primary-market launch, January 8, 2026, the IPO will then be available for anchor investment.

The basis of allotment of IPO shares is expected to be finalised on January 14, 2026, while the stock is likely to list on the BSE, NSE on January 16, 2026.

What is the shareholder quota in an IPO?

The shareholder quota in an initial public offering (IPO) is a portion of shares that is reserved for current owners of a particular company, typically for the company that is going to be listed or for the parent company that is promoting the IPO.

In such a situation, the investors who own shares of Coal India Ltd—the parent company—can apply under the shareholder quota for its subsidiary company, Bharat Coking Coal Ltd.

Who can apply to Bharat Coking Coal IPO under the shareholder category?

The investors who possess at least one share of Coal India Limited.

In order for a shareholder to be eligible, they must own the shares on the record date specified in the Red Herring Prospectus (RHP). In the case of Bharat Coking Coal Ltd, January 1, 2026, was the record date.

This shareholder quota applies only to Individual and HUF (Hindu Undivided Family) investors.

Bharat Coking Coal IPO: How to apply under shareholder quota?

Eligible Investors can apply for the Bharat Coking Coal IPO through an Online brokerage platform or a bank’s ASBA IPO application section.

1) Log in to either your trading account or online banking (ASBA) app.

2) Navigate to the IPO, ASBA-IPO, or e-IPO section

3) Pick the 'Bharat Coking Coal Limited IPO' from the dropdown menu

4) Select the shareholder type in the investor category

5) Apply for the IPO by filling in the necessary details, lot size, price, and quantity