Bharat Coking Coal IPO a Super Hit: More Coal India Subsidiary IPOs Expected

• Bharat Coking Coal (BCCL) IPO was subscribed 147 times, listing at a premium of over 95% on NSE and BSE.
• The IPO, valued at 1,071 crore rupees with a price band of 21-23 rupees, saw its market capitalization reach 21,054.30 crore rupees post-listing.
• Coal India (CIL) Chairman B. Sairam confirmed the strong response boosts confidence for future listings of other subsidiaries.
• CIL is pursuing market debuts for major subsidiaries, with Central Mine Planning and Design Institute Limited (CMPDI) already filing a DRHP.
• Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL) listings are targeted for FY 2026-27, following government directives.

Why It Matters: BCCL's successful IPO paves the way for more Coal India subsidiary listings, unlocking their market value.