Overview

• Coal India filed the BCCL IPO DRHP with SEBI and stock exchanges on June 1, following CMPDI’s DRHP submission on May 27
• The offer-for-sale covers up to 46.57 crore equity shares with no fresh issuance, ensuring all proceeds flow to the parent company
• BCCL, Coal India’s major coking coal producer, supplies a critical raw material for India’s steel industry
• Listings on the Bombay Stock Exchange and National Stock Exchange await regulator approval for both BCCL and CMPDI
• The twin IPOs support the government’s wider disinvestment drive to unlock subsidiary value and broaden investor access to India’s coal and energy sectors