The IPO of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, is set to open this week, making it the first mainboard IPO of 2026. The company announced its price band on Monday, generating early investor interest.
IPO details and timeline
Subscription for the IPO will begin on Friday, January 9, and continue until Tuesday, January 13. Anchor investors can participate a day earlier, from January 8.
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BCCL plans to raise ₹1,071 crore through the IPO. The price band per share has been fixed between ₹21 and ₹23. For retail investors, an IPO lot will comprise 600 shares, bringing the minimum investment to ₹13,800. The company will release a total of 46.57 crore shares, all through an offer-for-sale, meaning no fresh shares are being issued.
Market response
Investor interest has already shown up in the grey market. Even before the subscription begins, BCCL shares carry a grey market premium of ₹16.25, suggesting a potential price rise of up to 70 per cent when the stock lists on the exchange.
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