Coal India's BCCL Sets IPO Price Band at Rs 21-23; Listing Jan 16

• Bharat Coking Coal (BCCL), a Coal India subsidiary, fixed its IPO price band at Rs 21-23 per share for its Rs 1,071-crore public issue.
• The IPO, entirely an Offer for Sale by Coal India, opens on January 9, 2026, and closes on January 13, with anchor bidding on January 8.
• BCCL, valued at over Rs 10,700 crore at the higher end, will make its stock market debut on January 16.
• This IPO is the first public issue of 2026 and will gauge investor appetite for PSUs, aligning with the government's divestment strategy.
• BCCL was India's largest coking coal producer in FY25, operating 34 mines, and its issue follows a blockbuster year for the primary market.

Why It Matters: Coal India's BCCL launches IPO at Rs 21-23, marking 2026's first major public issue.