Bharat Coking Coal IPO Sees 70% GMP Surge Ahead of Jan 9 Launch

• Bharat Coking Coal (BCCL) IPO opens January 9, closes January 13; listing on January 16.
• Grey Market Premium (GMP) jumped nearly 70% to 16 rupees, indicating potential 69.57% listing gains.
• Price band set at 21 to 23 rupees per share for the 1,071 crore rupee issue.
• The IPO is entirely an Offer For Sale (OFS) by Coal India, part of government's disinvestment plan.
• 15% shares reserved for Retail Investors; BCCL was the largest coal producer in FY25.

Why It Matters: BCCL's IPO, with a 70% GMP surge, opens Jan 9, signaling high investor interest and potential gains.