The initial public offering (IPO) of Bharat Coking Coal Limited opens for subscription on January 9, offering an opportunity for eligible shareholders of Coal India to participate under the reserved shareholder quota.
Under the shareholder reservation portion, existing Coal India shareholders can apply for shares of Bharat Coking Coal at the designated issue price by bidding through their trading and demat accounts. Applicants must ensure that Coal India shares are held in their demat account as per the eligibility criteria specified in the IPO offer document.
Market participants said the IPO is expected to attract strong interest, given Bharat Coking Coal’s strategic role in supplying coking coal to the steel sector and its importance within Coal India’s operations. Investors have been advised to carefully review the prospectus, application process, and timelines before applying.