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News Topical, Digital Desk : BCCL IPO: Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, is set to debut on the stock market. This is being seen as the first high-profile public sector company to list on the Indian IPO market in 2026. According to media reports, the IPO is expected to launch within the next two weeks. BCCL is a Maharatna company, making its listing a significant investment opportunity for investors.
DRHP was submitted in May
In May of this year, BCCL filed its initial public offering (IPO) draft with market regulator SEBI, as well as the BSE and NSE. Sources told PTI that the six vacant independent director positions on BCCL's board are to be filled as soon as possible to expedite the listing.
Sources also said that the Coal Ministry had informed Cabinet Secretary TV Somanathan that currently there are six vacant posts of independent directors on the board of BCCL, which need to be filled as soon as possible to expedite the listing process.
IPOs are completely OFS
According to media reports, the size of Bharat Coking Coal Limited's IPO is estimated to be around Rs 1,300 crore, which means the company's valuation before listing will be around Rs 13,000 crore.
The issue is expected to be entirely an offer-for-sale (OFS), in which Coal India plans to sell approximately 10% of its stake in BCCL. This means that approximately 465.7 million equity shares will be sold. Since no new shares are being issued, the entire proceeds from the IPO will go to Coal India. The purpose of the stake sale is to increase its market share, thereby increasing its value.
Waiting for these details to arrive
Key details of the IPO, such as the price band, lot size, and final issue structure, have not yet been disclosed. ICICI Securities and IDBI Capital Markets & Securities have been appointed as book-running lead managers, while KFin Technologies will act as registrar. SEBI approved BCCL's draft red herring prospectus in September, paving the way for its listing.
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