Is Bharat Coking Coal Launching Its IPO on January 9?
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Synopsis
Bharat Coking Coal is set to launch its IPO on January 9, 2026, marking a significant event in the financial market. This entirely offer-for-sale IPO aims to enhance its market presence and is positioned as one of the year’s most anticipated offerings.
Key Takeaways
- IPO Launch Date: January 9, 2026
- Offer Size: 46.57 crore equity shares
- All proceeds to: Coal India
- Employee Reservation: Up to 2.32 crore shares
- Listing Expected: January 16, 2026
Mumbai, January 3 (NationPress) The government-owned Bharat Coking Coal, a part of Coal India, has submitted its Red Herring Prospectus to the Registrar of Companies with plans to initiate its Initial Public Offering on January 9. This marks the inaugural mainboard IPO of the year 2026.
The public offering will consist entirely of an offer-for-sale of 46.57 crore equity shares by its parent company, Coal India.
Notably, there is no fresh issue component, indicating that the company will not directly benefit from the funds raised through the IPO.
All funds from this offering will be directed to Coal India, acting as the selling shareholder.
In the prospectus filed on January 2, Bharat Coking Coal outlined the primary goals of the IPO: to execute the offer-for-sale and to enjoy the advantages of being listed on the stock exchanges.
This IPO signifies 10 percent of the total paid-up equity capital of the company. It comprises a reservation of up to 2.32 crore shares for employees and 4.65 crore shares for current shareholders of Coal India.
The bidding for anchor investors will commence on January 8, while the IPO will be accessible for public subscription from January 9 to January 13.
The company anticipates finalizing share allotments on January 14, with stock listings expected on the BSE and NSE by January 16.
Currently, Coal India retains a 100 percent ownership stake in Bharat Coking Coal, the largest coking coal producer in India, contributing to 58.50 percent of the national coking coal output in the fiscal year 2024–25.
Regarding the issue structure, 50 percent of the net public offer, excluding shares for employees and shareholders, is reserved for qualified institutional buyers. Fifteen percent is allocated for non-institutional investors, while the remaining 35 percent is designated for retail investors.
Bharat Coking Coal, established in 1972, holds Mini Ratna status and lacks directly comparable listed peers in India, drawing parallels with global companies such as Alpha Metallurgical Resources and Warrior Met Coal.
Point of View
I believe Bharat Coking Coal's IPO is a pivotal development for the market, showcasing the strength of India's coal sector amidst ongoing economic challenges. This offering not only represents a significant step for the company but also reflects the growing investor interest in public offerings in India.
NationPress
04/01/2026
Frequently Asked Questions
What is the purpose of Bharat Coking Coal's IPO?
The IPO aims to execute an offer-for-sale of shares and achieve the benefits of listing on stock exchanges.
How many shares are being offered in the IPO?
A total of 46.57 crore equity shares are being offered in the IPO.
When can the public subscribe to the IPO?
The public can subscribe to the IPO from January 9 to January 13.
What percentage of the IPO is reserved for retail investors?
35 percent of the IPO is earmarked for retail investors.
When is the IPO expected to be listed on stock exchanges?
The IPO is expected to be listed on the BSE and NSE on January 16.
