Bharat Coking Coal IPO Opens Jan 9: GMP Dips to 58.70%, Check Details

• Bharat Coking Coal IPO opens January 9, 2026, closes January 13; listing on BSE and NSE January 16.
• Grey Market Premium (GMP) dropped to Rs 13.5 per share (58.5% premium), down from Rs 16.25, suggesting a Rs 39 listing.
• The Rs 1,071 crore IPO is an Offer for Sale of 46.57 crore shares by parent Coal India Limited; no fresh capital for BCCL.
• Price band set at Rs 21-23 per share; retail investors can apply for a minimum of 600 shares (Rs 13,800).
• Bharat Coking Coal, a Coal India subsidiary, is India's largest coking coal producer, operating 34 mines.

Why It Matters: Bharat Coking Coal IPO opens Jan 9 with GMP drop, offering shares via Offer for Sale.