Coal India OFS Opens Today: Everything Retail Investors Need To Know Before Applying

On Friday's morning session, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.06 per cent to 23,891.80. Coal India share price remained in focus as the government's Offer for Sale (OFS) opened for retail investors following strong participation from institutional and non-retail investors. The stock was trading at Rs 464.35, up 0.28 per cent from its previous close during the morning session on May 29, 2026.

Strong Institutional Demand Leads To Larger OFS

Coal India's OFS entered the retail bidding phase on May 29 after witnessing robust demand from institutional and non-retail investors on the first day of the offer. According to available data, the non-retail portion of the issue attracted bids worth nearly Rs 19,000 crore, translating into a subscription of more than eight times the shares reserved for institutional and non-retail investors.

Following the strong response, the Government of India exercised the oversubscription, or greenshoe, option and decided to increase the size of the stake sale. The move reflects strong investor interest in the Maharatna PSU and allows the government to maximise proceeds from the transaction.

Government Increases Stake Sale To 2 Per Cent

The OFS was initially launched with the sale of 6.16 crore equity shares, representing 1 per cent of Coal India's paid-up equity share capital. After exercising the oversubscription option, an additional 6.16 crore shares were included in the offer, taking the total offer size to 12.32 crore shares, equivalent to 2 per cent of the company's equity capital.

The filing submitted by the Ministry of Coal stated that the additional shares were offered under the oversubscription mechanism after assessing demand received during the first day of bidding.

Key Details Retail Investors Should Know

Retail investors looking to participate in the OFS can bid on May 29, 2026. The government had announced a floor price of Rs 412 per share for the offer, representing a discount to Coal India's prevailing market price at the time of the announcement. The clearing price discovered for the non-retail portion was Rs 447.10 per share.

Important OFS details include:

• Total Offer Size: 12.32 crore equity shares
• Stake Being Sold: 2 per cent of Coal India's equity capital
• Floor Price: Rs 412 per share
• Non-Retail Clearing Price: Rs 447.10 per share
• Retail Reservation: 10 per cent of the total offer
• Employee Reservation: Up to 25,000 equity shares
• Retail Investor Eligibility: Investors placing bids up to Rs 2 lakh

How Retail Investors Can Apply

Investors can participate in the OFS through the OFS or corporate actions section available on their brokerage platforms. The bidding window displays the offer price, quantity available, bidding timelines and other relevant details. Investors are required to place bids above the applicable cut-off price and ensure sufficient funds are available in their trading accounts. Once bids are submitted, the corresponding amount remains blocked until completion of the allotment process.

Coal India has one of the largest retail shareholder bases among listed PSUs. As per the March 2026 shareholding pattern, the company had approximately 25.33 lakh retail shareholders collectively holding around 3.82 per cent stake in the company.

Coal India Shareholding Pattern

As of March 2026, promoter holding in Coal India stood at 63.13 per cent. Foreign Institutional Investors increased their stake to 8.38 per cent from 8.22 per cent in December 2025, while Domestic Institutional Investors held 22.76 per cent compared with 22.53 per cent in the previous quarter. Public shareholding stood at 5.62 per cent.

About Coal India

Coal India Limited is the world's largest coal-producing company and a Maharatna public sector enterprise under the Ministry of Coal, Government of India. The company accounts for a significant share of India's domestic coal production and supplies coal to power generation, steel, cement and other industrial sectors.

Through its subsidiaries, Coal India operates mining projects across multiple states and plays a critical role in supporting the country's energy security. The company is also pursuing diversification initiatives in areas such as coal gasification, renewable energy and coal-based value-added products.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice.