Bharat Coking Coal IPO Kicks Off Jan 9; Coal India Sells Entire Stake

• Bharat Coking Coal (BCCL), a Coal India subsidiary, will launch its IPO on January 9, 2026, marking the first mainboard offer of the new year.
• The IPO is an offer-for-sale of 46.57 crore equity shares by promoter Coal India; BCCL will not receive any proceeds.
• The offer includes reservations for employees (2.32 crore shares) and shareholders (4.65 crore shares). Public subscription runs from January 9 to January 13.
• BCCL is India's largest coking coal producer, accounting for 58.50% of domestic production in FY25, operating 34 mines and 5 washeries.
• Company financials show a decline: FY25 profit fell 20.7% to Rs 1,240.2 crore, and H1 FY26 profit dropped 83.5% to Rs 123.9 crore.

Why It Matters: Coal India's Bharat Coking Coal IPO launches Jan 9, an OFS by parent company amidst declining profits.