Bharat Coking Coal IPO Opens Jan 9: Know 8 Major Risks Before Investing

• BCCL IPO, the first of 2026, opens Jan 9 to raise ₹1,071 crore via an Offer for Sale by Coal India Limited.
• Price band is ₹21-₹23 per share; GMP suggests a potential 50% listing gain for investors.
• Key risks include high dependence on Coal India, price volatility of lower-quality coking coal, and regional concentration in Jharia and Raniganj.
• Significant reliance on a few large PSU customers and third-party contractors poses additional operational and financial risks.
• Environmental concerns, contingent liabilities of ₹3,598.59 crore, and regulatory challenges are also major factors to consider.

Why It Matters: BCCL IPO offers potential gains but investors must weigh 8 major risks, including dependence on Coal India and environmental factors.