Coal India Limited is set to remain in focus after the Government of India announced an Offer for Sale (OFS) in the state-run coal mining major, with the total issue size potentially exceeding ₹5,000 crore.
According to the offer details, the President of India acting through the Ministry of Coal will sell up to 6,16,27,283 equity shares under the base offer, representing 1% of Coal India’s outstanding paid-up equity share capital.
At the floor price of ₹412 per share, the base offer size is estimated at around ₹2,539 crore.
The government has also retained an oversubscription option to sell an additional 6,16,27,283 equity shares, which could take the total offer size to 12,32,54,566 equity shares, or nearly ₹5,078 crore at the floor price.
The OFS floor price of ₹412 per share reflects a discount of around 10.1% to Coal India’s last closing price of ₹458.15 on the NSE as of May 26, 2026.
Additionally, up to 25,000 equity shares may be offered to eligible employees of Coal India in accordance with OFS guidelines.
Coal India is the world’s largest coal-producing company and plays a critical role in India’s power and energy ecosystem. The OFS forms part of the government’s broader disinvestment and stake monetisation programme.
The stock is likely to remain under investor focus in the coming sessions due to the discounted OFS pricing and the potential impact on near-term supply of shares in the market.
Disclaimer: This article is based on publicly available offer documents and is intended for informational purposes only.