Newsletter
India’s 2026 IPO party has officially kicked off, and Bharat Coking Coal, a subsidiary of Coal India (the country’s largest mining company), is stepping into the spotlight with a ₹1,071 crore IPO launching on January 9.
Here’s the scoop: the three-day issue comes with a price band of ₹21-23 per share. And it’s a clean offer-for-sale (OFS), meaning no new funds are being raised.
Instead, parent company Coal India will sell 10% of its stake, giving public market investors a chance to buy into the business.
But this isn’t just a one-off listing, it’s part of something bigger. Bharat Coking Coal’s IPO is one of the key steps in Coal India’s longer-term plan to take all of its subsidiaries public by FY2030. In other words, this could be the first of many spin-offs heading your way.
