Bharat Coking Coal IPO Coming Soon: Coal India Files DRHP with SEBI, NSE & BSE for Rs. 46 Crore BCCL IPO

Coal India, a Maharatna PSU, has filed the Draft Red Herring Prospectus (DRHP) with SEBI, NSE, and BSE for the IPO of its wholly owned subsidiary Bharat Coking Coal Limited (BCCL).

Bharat Coking Coal IPO Details

As per reports, the Bharat Coking Coal IPO will be a pure offer for sale (OFS) of up to Rs 46.57 crore equity shares. This means that there will be no fresh issue of shares, and all proceeds generated from the IPO will go directly to Coal India, the parent company.
The exact Bharat Coking Coal IPO price band, issue dates, and bidding details will be announced after final regulatory and managerial approvals. The IPO will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) upon approval from SEBI.

Coal India's Subsidiary IPO Strategy

This move follows closely on the heels of another major IPO plan, the Central Mine Planning & Design Institute (CMPDI) IPO, which filed its own DRHP just a week ago. That IPO involves the sale of 7.14 crore equity shares, again through an OFS by Coal India, and is structured similarly to the BCCL IPO.

If both IPOs are approved, it will pave the way for CMPDI and BCCL to be listed on the NSE and BSE, broadening the investment universe within India's coal and mining sector.

Coal India recently reported its Q4 FY25 Report, where a slight dip of 1.7% in raw coal output was seen; the company produced 237.69 million tonnes compared to 241.75 million tonnes in the same quarter last year. If we look at the profit, the PSU company saw a 12.04% YoY rise in Q4FY25 net profit at Rs 9,604.02 crore, despite a 1% dip in revenue to Rs 37,824.54 crore. EBITDA grew 3.5% with margins improving to 31.2%.

About Bharat Coking Coal (BCCL)

Bharat Coking Coal Ltd, a subsidiary of Coal India established in 1972, plays an important role in India's coal sector, especially in the production of coking coal, which is an essential raw material for the steel industry. The listing of BCCL on the stock exchanges (NSE and BSE) will bring more transparency, operational independence, and investor attention to India's critical coal supply value chain. The upcoming BCCL IPO is expected to provide investors with a unique opportunity to gain exposure to India's core energy and mineral sectors, including coal mining, coking coal production, and mineral exploration consultancy.