Government Launches Coal India OFS; To Sell Up To 2% Stake At ₹412 Per Share – Indian PSU

The Government of India has announced an Offer for Sale (OFS) in Coal India Limited with a base offer of 1 percent equity and an additional 1 percent Green Shoe Option in case of oversubscription. The floor price for the OFS has been fixed at ₹412 per share.

The Department of Investment and Public Asset Management (DIPAM) said the offer will open for non-retail investors on May 27, while retail investors will be able to participate on May 29.

According to the company’s exchange filing, the government plans to offload up to 12.32 crore shares under the OFS route, which could help the Centre mobilise nearly ₹5,000 crore through the disinvestment exercise.

The floor price of ₹412 represents nearly a 10 percent discount to Coal India’s previous closing price on the NSE. Following the announcement, shares of Coal India witnessed selling pressure in the market.

DIPAM highlighted Coal India’s strong operational and financial performance, consistent dividend payouts and robust cash generation, describing the PSU major as a compelling long-term investment opportunity for investors.

Coal India remains one of the country’s largest dividend-paying public sector enterprises and plays a crucial role in meeting India’s energy demand.

The OFS will be conducted through a separate window of the stock exchanges in accordance with SEBI guidelines. Non-retail investors can place bids on the first day of the offer, while retail investors and eligible employees can participate on the second day.

As of March 31, 2026, the Government of India held over 63 percent stake in Coal India.