The Government of India will sell up to a 2% stake in Coal India Limited through an Offer for Sale (OFS) on May 27 and May 29, 2026. The divestment aims to monetise holdings in the public sector undertaking, with a floor price set at ₹412 per equity share. The offer includes a base size of 61,627,283 shares, representing 1.00% of the paid-up equity capital, and an oversubscription option for an additional 1.00%.

Offer Details and Timeline

The OFS will be conducted on a separate window of the BSE and NSE. Non-retail investors can bid on May 27, 2026 (T day), while retail investors and employees can bid on May 29, 2026 (T+1 day). The offer timings are from 9:15 a.m. to 3:30 p.m. Indian Standard Time on both days. Additionally, up to 25,000 equity shares are reserved for eligible employees, subject to a maximum application value of ₹500,000.

Allocation and Bidding Terms

Allocation will be on a price priority basis at multiple clearing prices. A minimum of 25% of the offer shares is reserved for mutual funds and insurance companies. Retail investors are defined as those bidding for shares worth not more than ₹200,000 across exchanges. Non-retail investors must deposit 100% of the bid value upfront, whereas institutional investors have the option to bid without upfront payment. The seller reserves the right to withdraw or cancel the offer prior to opening or if sufficient demand is not met at or above the floor price.

Settlement and Broker Information

Settlement for bids received on T day from non-retail investors with upfront payment will occur on T+1 day. For bids received on T+1 day from retail investors, employees, and non-retail investors carrying forward bids, settlement will take place on T+2 day. Axis Capital Limited, ICICI Securities Limited, JM Financial Institutional Securities Limited, Kotak Securities Limited, and SBICAP Securities Limited are acting as the seller's brokers, with Kotak Securities Limited also serving as the settlement broker.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE522F01014/9195e2d68fa64acb.pdf

Coal India witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 361,067 shares changing hands in a single transaction. The trade was executed at a price of Rs. 439.20 per share, aggregating to a total deal value of Rs. 15.86 crores.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades of this scale are typically executed by institutional investors or large market participants, and are carried out outside the regular order book to minimise market impact. The transaction in Coal India reflects activity at a significant volume level on the NSE.