PSU IPOs, Dec. 24 -- Following the buzz around the BCCL IPO, PSU stock Coal India announced proposed listings of two more of its major subsidiaries on Dalal Street, setting the stage for a wave of high-profile public sector offerings (IPOs) and helping kick-start India's IPO market calendar for 2026.

In separate regulatory filings to the stock exchanges, Coal India said its board has granted in-principle approval for the listing of Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL), two wholly-owned subsidiaries of the firm.

The decision for the listings followed an advisory from the Ministry of Coal, which had asked the company to initiate concrete steps to facilitate the listing of subsidiaries in the upcomi...