By Admin 
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.
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