Coal India Share Price Jump 4% as BCCL IPO Buzz Pushes PSU Stock Near Record Highs

Coal India share price (NSE: COALINDIA) jumped nearly 4% in intraday trade on December 23, extending gains for the fifth consecutive session. The rally was driven by reports that its subsidiary, Bharat Coking Coal Limited (BCCL), is preparing to launch its initial public offering (IPO) soon.

Coal India Share Price Performance

The PSU stock touched an intraday high of ₹400.60, moving closer to its May 2025 peak of ₹417.25. This puts the stock just about 4% below its record high. Coal India had earlier hit a 52-week low of ₹349.20 in February 2025.

Over the past 5 sessions, the stock has gained around 5%. In the long term, it has delivered strong returns, rising nearly 200% over the past 5 years.

Despite the recent rally, Coal India’s performance has been relatively muted over shorter periods. The stock is up about 4% over the past 1 year, less than 2% in 6 months, around 1.5% in 3 months, and about 5.5% in the last 1 month.

What We Know About the BCCL IPO

As per media reports, the BCCL IPO is expected to be around ₹1,300 crore, with a pre-listing valuation of nearly ₹13,000 crore. The issue is likely to be a pure offer-for-sale (OFS), with Coal India planning to sell close to 10% of its stake, or around 46.57 crore shares.

Since no fresh shares will be issued, the entire IPO proceeds will go to Coal India, not BCCL.

IPO Process and Key Players

The SEBI has already approved BCCL’s draft red herring prospectus in September. ICICI Securities and IDBI Capital Markets are the book-running lead managers, while KFin Technologies will act as the registrar. Details such as the price band and lot size are expected closer to the launch.

Read More, GRM Overseas Bonus Issue Record Date is Tomorrow, December 24! 

About Bharat Coking Coal

Founded in 1972, BCCL is a major producer of coking coal, which is mainly used in steel manufacturing. Its mining operations are based in the Jharia coalfields of Jharkhand and the Raniganj coalfields of West Bengal.

Conclusion

The buzz around the proposed BCCL IPO has lifted Coal India share price closer to record highs. The listing is seen as part of the government’s broader strategy to unlock value from PSU subsidiaries, which could remain a key trigger for the stock in the near term.

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