Mumbai, 05 January (H.S.): The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL), a public sector coal company, will open on January 09, with investors able to bid until January 13. The company has set the price band for the issue at ₹21–23 per share.

In a statement released on Monday, BCCL confirmed that the IPO will open on January 09 and close on Tuesday, January 13, 2026. The bidding process for anchor investors will begin one day earlier, on January 08. The face value of each share is ₹10.The ₹1,071.11 crore issue is entirely an Offer for Sale (OFS) by Coal India Limited.

BCCL filed its draft red herring prospectus (DRHP) with the Registrar of Companies in Jharkhand (Ranchi), the capital markets regulator SEBI, and stock exchanges on January 02.BCCL, a subsidiary of Coal India Limited, has set the minimum bid lot at 600 equity shares of ₹10 face value, with subsequent bids allowed in multiples of 600 shares.

The total issue size is up to 465,700,000 equity shares, all of which are being offered for sale by Coal India Limited (promoter selling shareholder).

According to the company’s official statement, 46.57 crore equity shares will be sold through this issue. Allocation will be as follows: 50% reserved for qualified institutional buyers (QIBs), 35% for non-institutional investors (NIIs), and the remaining 15% for retail investors.

BCCL’s listing is part of the government’s broader divestment strategy in the coal sector, aimed at unlocking the value of Coal India’s subsidiaries and enhancing operational transparency. At the upper end of the price band, the company’s total valuation exceeds ₹10,700 crore.

This IPO is not only the first public offering of 2026 but is also being closely watched as a key indicator of investor sentiment towards public sector enterprises.

---------------

Hindusthan Samachar / Jun Sarkar