Bharat Coking Coal Ltd., a subsidiary of Coal India Ltd., India's largest mining company, is set to debut on Dalal Street.
The full Offer for Sale (OFS), will open for subscription on Friday, January 9 and close on Tuesday, January 13, 2026.
Coal India, the parent company, will be the selling shareholder here, selling 46.57 crore shares in the IPO.
Also read: Coal India production at the end of Q3 is at 60% of its full year target
Price Band for the issue is yet to be disclosed.
The IPO will have 35% of the shares allocated to retail shareholders.
The issue also has a shareholder quota, wherein 10% of the issue is reserved for existing shareholders.
Those who purchased shares of Coal India on or before January 1, 2026, will be eligible to apply for the IPO under the shareholders quota.
Bharat Coking Coal is the first of many Coal India's subsidiaries going public, as part of the government's plan to list all the units by financial year 2030.
Coal India's shares ended at a 52-week high on Friday, January 2, after the company announced that buyers from Nepal, Bhutan and Bangladesh, can participate directly in the company's e-auction process. The stock ended 429.10 on Friday.
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