Bharat Coking Coal IPO: Bharat Coking Coal, a subsidiary of Coal India, the country’s largest government company related to coal mining, is coming up with its IPO. The company has filed a red herring prospectus with the Registrar of Companies to launch its initial public offering (IPO) on January 9. This will be the first IPO of Mainboard Segment 7 for the year 2026.

The IPO of Bharat Coking Coal is completely offer-for-sale based, under which the promoter Coal India will sell its 46.57 crore shares. That means the entire money received from IPO will go to Coal India. The company is not going to benefit from this.

Purpose of bringing IPO

“The objective of the IPO is to complete the offer-for-sale and to take advantage of the listing of equity shares on the stock exchange,” Bharat Coking Coal said in its RHP filed on January 2.

This offer is 10 percent of the total paid-up equity capital, in which 2.32 crore equity shares have been reserved for the company’s employees and 4.65 crore shares have been reserved for shareholders. Anchor investors will be able to bid on January 8, a day before the opening of the IPO. Whereas for retail investors this issue will remain open till January 13 and shares are expected to be allotted by January 14. l

How much is GMP?

The company plans to raise Rs 13,000 crore through IPO, due to which its value will increase to Rs 13,000 crore before listing. Here, long before the launch of the IPO, its shares are rising rapidly in the unlisted market. At present the gray market premium (GMP) of BCCL shares is around Rs 11-14. BCCL had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on June 5, 2025 and received regulatory approval on September 19, 2025.

Company formed in 1972

BCCL, formed in 1972, is a mini Ratna company, which mines and supplies different grades of coking coal, non-coking coal and washed coal. This especially helps the steel and power industries. Jharia Coalfield in Jharkhand and Raniganj Coalfield in West Bengal are among its 34 operational mines, which are the only significant sources of prime coking coal in India.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

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BCCL IPO: Coal India’s subsidiary company Bharat Coking Coal Limited (BCCL) is going to debut in the share market. It is being seen as the listing of a high-profile public sector company in the IPO market of India in the new year 2026. According to media reports, the IPO is expected to be launched in the next two weeks. BCCL is a Maharatna company, hence its listing is considered very important for investors.

DRHP was submitted in May

In May this year, BCCL had submitted DRHP for the IPO with market regulator SEBI as well as BSE and NSE. Sources have informed PTI that to speed up the listing, the vacant posts of six independent directors on the board of BCCL have to be filled as soon as possible.

Sources also said that on behalf of the Coal Ministry, Cabinet Secretary TV Somanathan was told that at present there are six vacancies of independent directors on the board of BCCL, which need to be filled as soon as possible to complete the listing process.

IPO completely OFS

According to media reports, the IPO size of Bharat Coking Coal Limited is estimated to be around Rs 1,300 crore, which means that the valuation of the company before listing will be around Rs 13,000 crore.

This issue is expected to be a complete offer-for-sale (OFS), in which Coal India is looking to sell about 10 percent of its stake in BCCL. This means that approximately 46.57 crore equity shares will be sold. Since new shares are not being issued, the entire money received from the IPO will go to Coal India. The purpose of selling stake is to increase its participation in the market, which will also increase its value.

Waiting for these details to arrive

Important details of the IPO like price band, lot size and final issue structure have not been disclosed yet. ICICI Securities and IDBI Capital Markets & Securities have been appointed as book-running lead managers, while KFin Technologies will act as the registrar. SEBI had approved the draft red herring prospectus of BCCL in September, paving the way for the listing.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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