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A recent development in the coal sector mentions Bharat Coking Coal Ltd. (BCCL), a subsidiary of Coal India. BCCL has submitted its draft papers for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI).
BCCL, a company operating in the coking coal industry, has initiated steps towards a public offering.
The IPO is an offer for sale (OFS), with no new shares being issued, and the proceeds will be directed to the parent company, Coal India Ltd (CIL), which plans to sell up to 46.57 Crores shares.
This action is consistent with Coal India Ltd.'s stated strategy to list its subsidiaries.
IPO Type: Offer for Sale (OFS)
Shares Offered: Up to 46.57 Crores equity shares
Selling Shareholder: Coal India Ltd.
Regulatory Filing: Draft Red Herring Prospectus (DRHP) filed with SEBI, BSE, and NSE
Approval Pending: The IPO proposal is subject to receiving the necessary regulatory approvals
Industry: Coking coal production and supply
Core Function: BCCL operates in the supply of coking coal, a material used in steel production in India.
Importance: BCCL's operations are connected to India’s manufacturing sector, particularly the steel industry, which relies on coal for production.
Coal India’s Market Position: Coal India accounts for more than 80% of the country’s domestic coal production.
Recent Performance: Coal India reported a 12% rise in consolidated net profit for the March quarter of 2025, reaching ₹9,604.02 Crores, compared to ₹8,572.14 Crores in the same period the previous year.
Refer the following table:
Parameter |
Details |
|---|---|
IPO Type |
Offer for Sale (OFS) |
Shares Offered |
46.57 Crores equity shares |
Selling Shareholder |
Coal India Ltd. |
Filing Date |
June 1, 2025 (Draft Prospectus with SEBI) |
Approval Status |
Pending regulatory approvals |
Regulatory Filings |
SEBI, BSE, NSE |
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
https://www.etnownews.com/markets/coal-indias-subsidiary-bccl-files-ipo-papers-check-issue-size-what-drhp-revealed-article-151770672
https://www.livemint.com/market/ipo/ipo-watch-coal-india-arms-bccl-files-draft-papers-with-sebi-for-ipo-11748841703365.html
Rediff Moneynews — BCCL IPO: Coal India Files Draft Papers, https://www.rediff.com/
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Posted on 05 Jun
Geetanjali Lachke
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