Coal India shares peak another 52-week high as firm’s subsidiary BCCL to launch IPO on Jan 9; all you need to know

However, the stock lost its momentum later and was trading lower.

The initial public offering (IPO) will be closely tracked by the Dalal Street as an early gauge of investor appetite for public sector undertakings (PSUs) in the new year.

According to the red herring prospectus (RHP), the maiden public issue, entirely an offer for sale (OFS) of 46.57 crore equity shares by Coal India Ltd (CIL), will close on January 13, while anchor investor bidding is scheduled for January 8.

The proposed listing of BCCL is part of the government's broader divestment push in the coal sector, aimed at unlocking value in Coal India's subsidiaries and enhancing transparency through market discipline.

The company will announce key details, such as price band, lot size and issue structure, on January 5.

Last year, Central Mine Planning and Design Institute Ltd (CMPDIL), another wholly-owned arm of CIL, had also filed its draft papers with Sebi for an IPO via the OFS route.

While BCCL is a coal-producing entity, CMPDIL serves as Coal India's technical and planning arm.

The timing of BCCL's issue comes against the backdrop of a blockbuster year for the primary market.

In 2025, companies raised a record nearly ₹1.76 lakh crore through IPOs, buoyed by strong domestic liquidity, resilient investor sentiment and a supportive macroeconomic environment. This surpassed the ₹1.6 lakh crore mobilised by 90 firms in 2024 and the ₹49,436 crore raised by 57 companies in 2023.

About Bharat Coking Coal India

Bharat Coking Coal India Ltd (BCCL) is the leading coking coal producer in India, with 58.5% market share, operating through 32 mines across the country. The company primarily produces coking coal and holds an approximate reserve of 7,910 million tonnes.

As of FY25, the company’s revenue stood strong at ₹14,597 crore and a net profit of ₹1,240 crore. SEBI approved the initial public offering on September 19, 2025, and the company is expected to launch the public issue in early 2026.

The company’s operations are of strategic importance, as it serves the Indian steel industry without external dependence. Additionally, it is well-positioned to capitalise on the potential demand for coking coal in India.

Coal India share price

At 9:54 AM, Coal India shares were trading at ₹426.4 apiece on the National Stock Exchange, falling 0.63%. The stock had touched an intraday low of ₹423.80 per share.

In a month, shares of the firm have gained over 12%, while for six months’ time, they have rallied 10%. On a year-on-year basis, Coal India shares have climbed 8.5%.

The company has a market capitalisation of ₹2.62 lakh crore.