Coal India’s arm BCCL files paper with SEBI for IPO
Bharat Coking Coal Ltd (BCCL), has declared that it has filed draft papers with the SEBI for its upcoming IPO (Initial Public Offering).
New Delhi, June 2, 2025: State-owned Coal India’s subsidiary, Coal India Ltd, Bharat Coking Coal Ltd (BCCL), has declared that it has filed draft papers with the SEBI for its upcoming IPO (Initial Public Offering). The IPO will be supposed to be pure offer for sale without the issuance of new shares.
The Coal India Ltd will offload approximately 465.7 million equity shares through the offering. Around 60% of QIB (Qualified Institutional Buyers) portion would be allocated to Anchor Investors on a discretionary basis, in consultation with the book-running lead managers (BRLMs), according to SEBI ICDR regulations.
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The draft red herring prospectus (DRHP) stated that One-third of the Anchor Investor portion shall be reserved for domestic mutual funds at or above the Anchor Investor Allocation Price. Meanwhile, there is no consideration for Green Shoe Option.
According to the exchange filing, it is hereby informed that the draft red herring prospectus dated 30th May’ 2025 of Bharat Coking Coal Limited (BCCL), a wholly owned subsidiary of Coal India Limited, was filed with SEBI, BSE and NSE.
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Bharat Coking Coal Limited (BCCL) is a subsidiary of Coal India Limited which is under the ownership of Ministry of Coal, Government of India. The headquarters is located at Dhanbad and Kolkata, India.
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