Overview
- The issue comprises up to 46.57 crore shares offered by promoter Coal India, with no fresh issue and proceeds going to the seller.
- Anchor bidding opens on January 8 and the public offer runs January 9–13, with allotment targeted for January 14 and listing on BSE and NSE on January 16.
- The price band is Rs 21–23 per share with a minimum bid of 600 shares and a Re 1 per-share discount for employees, valuing the OFS at about Rs 1,068.78 crore.
- Reservations include up to 2.33 crore shares for eligible employees and 4.66 crore for Coal India shareholders, with the net offer split 50% to QIBs, 15% to NIIs and 35% to retail.
- BCCL, India’s largest coking coal producer, reported PAT of Rs 1,240 crore in FY25 and Rs 124 crore in H1 FY26, lower than the prior-year periods.