New Delhi: Bharat Coking Coal Ltd (BCCL), a wholly owned subsidiary of Coal India Ltd, has received approval from the Securities and Exchange Board of India (SEBI) to launch its much-anticipated Initial Public Offering (IPO). The nod was granted between September 18 and 19, 2025, according to the latest update from SEBI.
Offer for Sale to Coal India
BCCL’s IPO will be an Offer for Sale (OFS) of 46.5 crore shares by its parent company, Coal India Ltd. Notably, this IPO will not involve any fresh issuance of shares, meaning the entire proceeds from the public offer will go to Coal India as the selling shareholder.
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Strategic Importance of BCCL
BCCL plays a crucial role in India’s steel sector by mining and supplying high-grade coking coal, a key raw material essential for steel production. The IPO is expected to mark a significant step in the government’s ongoing disinvestment and asset monetization plans for public sector undertakings (PSUs).
Background and Market Outlook
BCCL had filed its Draft Red Herring Prospectus (DRHP) with SEBI in June 2025. With SEBI’s observations now cleared, the company is poised to enter the capital markets soon, offering investors a chance to participate in one of the country’s leading coal mining firms.
Market analysts expect the IPO to attract strong interest given BCCL’s pivotal role in the coal and steel supply chain, backed by the robust demand outlook for steel in India.
What Investors Can Expect
- No fresh shares issued: The IPO proceeds will be used by Coal India Ltd for strategic and financial purposes.
- Large share volume: 46.5 crore shares will be available for sale, providing ample liquidity.
- Strong government backing: Being a PSU subsidiary ensures regulatory stability.
About BCCL
Bharat Coking Coal Limited (BCCL) is a subsidiary of Coal India Limited and the largest producer of coking coal in India, responsible for a significant portion of the country’s domestic production. Incorporated in 1972 and a Miniratna status company, BCCL mines coking coal and non-coking coal from its operations in the Jharia and Raniganj coalfields. Its primary products are essential for the Indian steel and power industries.
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