Coal India's BCCL IPO Opens Jan 9: 6 Risks Investors Must Know

• Bharat Coking Coal (BCCL) IPO, a Coal India subsidiary, opens January 9 and closes January 13, marking the first public issue of 2026.
• The IPO is entirely an Offer For Sale (OFS) by Coal India, involving the sale of 47.47 crore equity shares.
• Key operational risks include high ash content in BCCL's coking coal, challenging reserve locations in densely populated Jharkhand, and persistent Jharia Coalfields fires.
• Further risks involve a lack of modern technology for safe extraction from fire-affected areas, strict regulatory compliance, and pending tax disputes of Rs 1,826.25 crore.
• This IPO is part of the government's disinvestment strategy and launches amidst a strong Indian primary market.

Why It Matters: BCCL IPO launches Jan 9 with 6 key risks, including coal quality and tax disputes, despite strong market.