Bharat Coking Coal IPO: First 2026 Govt Issue Opens Tomorrow, Bumper GMP! Should You Invest?

• BCCL IPO, the first mainboard IPO of 2026, opens for subscription tomorrow, January 9, and closes on January 13.
• The price band is ₹21-₹23 per share, with a lot size of 600 shares, requiring a minimum investment of ₹13,800.
• The company aims to raise ₹1,071 crore through an 'Offer for Sale' of 46.57 crore shares.
• BCCL is India's largest coking coal producer, debt-free, with a net profit of ₹1,240 crore in FY25, and vast coal reserves.
• Strong Grey Market Premium (GMP) indicates a potential listing gain of 50-70%; SBI Securities recommends 'Subscribe', but warns of risks like dependence on Coal India and market fluctuations.

Why It Matters: BCCL IPO, first of 2026, shows strong GMP; experts advise 'Subscribe' with caution on risks.