Archive · 22 Sep 2025
Bharat Coking Coal, Aequs Get Approval for IPOs
Two Indian companies, Bharat Coking Coal (BCCL) and Aequs, are now cleared to sell shares to the public.
They got the go-ahead from India's financial regulator, SEBI.
BCCL filed paperwork in June, and Aequs used a special process in June to keep things secret initially.
Aequs aims to raise around $200 million from its IPO.
SEBI looked over the plans and gave its approval in mid-September.
This means both companies can now move forward with their plans to offer shares for sale.
Bharat Coking Coal (BCCL) and Aequs have received SEBI approval for IPOs.
BCCL submitted draft papers in June.
Aequs used the confidential pre-filing route in June.
Aequs aims to raise approximately $200 million.
SEBI issued its observations between September 18 and 19.
- Who
- Bharat Coking Coal (BCCL) and Aequs
- What
- Received approval from SEBI to float IPOs
- When
- BCCL filed in June, Aequs in June (confidential pre-filing), received SEBI observations between September 18 and 19
- Where
- India
- Why
- To raise capital through initial public offerings.
- Companies
- Bharat Coking Coal (BCCL), Aequs
- Action
- Received approval to float IPOs
- Regulatory Body
- SEBI (Securities and Exchange Board of India)
- BCCL Filing Date
- June (draft papers)
- Aequs Filing Method
- Confidential pre-filing route
- Aequs Funding Goal
- Around $200 million
- SEBI's Observation Date
- Between September 18 and 19