Coal India’s subsidiary Bharat Coking Coal Limited (BCCL) is set to launch its initial public offering (IPO) on January 9. The public issue will be entirely structured as an offer for sale (OFS), with no fresh issue component involved.
As part of the IPO, Coal India, the promoter of Bharat Coking Coal, will divest 46.57 crore equity shares. Since the issue does not include a fresh issuance of shares, Bharat Coking Coal will not receive any proceeds from the offering, and the funds raised will go directly to Coal India.
The IPO forms part of Coal India’s ongoing disinvestment and value-unlocking strategy and aligns with the government’s broader push to monetize public sector assets. Bharat Coking Coal plays a critical role in India’s coal ecosystem, particularly in the production and supply of coking coal, a key raw material for the steel industry.
The listing is expected to draw investor interest as it adds to the pipeline of PSU IPOs and could have implications for sentiment in the coal, mining, and energy sector stocks.
