Bharat Coking Coal IPO GMP Soars 70% Ahead of Jan 9 Launch; Price Band Set

• Bharat Coking Coal (BCCL) IPO's Grey Market Premium (GMP) jumped to nearly 70% ahead of its launch.
• The Coal India subsidiary has set the IPO price band at Rs 21 to Rs 23 per share for the Rs 1,071-crore issue.
• The IPO opens on January 9, 2026, and closes on January 13, with anchor bidding on January 8 and listing on January 16.
• The issue is an Offer for Sale (OFS) of 46.57 crore shares by Coal India, part of the government's divestment push.
• BCCL was India's largest coking coal producer in fiscal 2025, operating 34 mines.

Why It Matters: BCCL IPO sees strong GMP, signaling high investor interest for its January 9 launch.