Coal India’s Subsidiary BCCL Plans Market Debut

Coal India’s Subsidiary BCCL Files for IPO

Geetanjali Lachke Posted on August 18, 2025

BCCL's IPO: A Development in the Coal Sector

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.

Key Details of the IPO Filing

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

BCCL’s Role in the Coal Industry

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 Performance

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.

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

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

Disclaimer

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.