BCCL IPO Opens Jan 9: Coal India Subsidiary's First Mainboard IPO of 2026

• Bharat Coking Coal Limited (BCCL), a Coal India subsidiary and the largest coking coal producer, is launching its first mainboard IPO in 2026.
• The IPO opens for subscription from January 9 to January 13, with anchor investor bidding starting January 8.
• It's an Offer for Sale (OFS) where promoter Coal India will sell 46.57 crore shares (10% equity); BCCL will not receive any proceeds.
• 2.32 crore shares are reserved for employees and 4.65 crore for existing shareholders; listing on BSE and NSE expected January 16.
• Despite recent financial declines (FY2025 profit down 20.7%, H1 FY2025-26 profit down 83.5%), its government backing and coking coal demand offer investment appeal.

Why It Matters: BCCL's IPO offers a chance to invest in India's largest coking coal producer, backed by Coal India.