Bharat Coking Coal IPO Opens: Strong Anchor Demand, Experts Advise Subscription

• Bharat Coking Coal Ltd. (BCCL) ₹1,071 crore IPO, a subsidiary of Coal India, opened for subscription from January 9-13, 2026.
• The company raised ₹273.13 crore from anchor investors, with LIC, Nippon Life, and Bandhan Mutual Fund being major participants.
• Brokerages like SBI Securities, Anand Rathi, and Mehta Equities recommend subscribing for fair valuation and listing gains.
• BCCL is India's largest coking coal producer (58.5% domestic output in FY25) with significant reserves and strong financials.
• Key risks include long-term coal reserve depletion, high client concentration, and rising renewable energy adoption.

Why It Matters: BCCL's IPO sees strong anchor demand and positive brokerage views, but investors should weigh risks.