IPO Likely to Set Tone for PSU Listings in the New Year
Bharat Coking Coal Ltd is set to enter the capital markets with its initial public offering opening on January 9, marking the first public issue of 2026. The issue is expected to be closely watched as an early indicator of investor appetite for public sector undertakings at the start of the new calendar year.Bharat Coking Coal Ltd is a wholly owned subsidiary of Coal India Ltd and plays a key role in the country’s coking coal production ecosystem.
Offer Structure and Key Dates
According to the red herring prospectus, the IPO is entirely an offer for sale of 46.57 crore equity shares by Coal India Ltd. The public issue will close on January 13, while anchor investor bidding is scheduled for January 8.The company is expected to announce crucial details including the price band, lot size, and issue structure on January 5.
Part of Broader Coal Sector Divestment Strategy
The proposed listing of Bharat Coking Coal forms part of the government’s wider divestment strategy in the coal sector. The move is aimed at unlocking value from Coal India’s subsidiaries and improving transparency through market-based oversight.Last year, Central Mine Planning and Design Institute Ltd, another wholly owned arm of Coal India Ltd, had filed draft papers with Sebi for an IPO through the offer for sale route. While Bharat Coking Coal is a coal-producing company, Central Mine Planning and Design Institute Ltd functions as the group’s technical and planning arm.
Strong Primary Market Backdrop
The timing of the Bharat Coking Coal IPO comes amid a strong phase for the primary market. In 2025, companies collectively raised nearly Rs 1.76 lakh crore through initial public offerings, reflecting sustained domestic liquidity and steady investor participation.The amount raised in 2025 surpassed the Rs 1.6 lakh crore mobilised by 90 companies in 2024 and the Rs 49,436 crore raised by 57 companies in 2023, underscoring the continued depth of the Indian IPO market.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.