BCCL IPO Opens Jan 9: New Year's First Big Issue, Price Band Rs 21-23

• Bharat Coking Coal Limited (BCCL) IPO opens for subscription from January 9 to January 13, 2026; anchor investors bid on January 8.
• The IPO's price band is set at Rs 21 to Rs 23 per equity share, making it accessible for small investors.
• A lot consists of 600 shares, requiring a minimum investment of Rs 13,800 at the upper price band.
• The IPO is entirely an Offer For Sale (OFS) of 46.57 crore shares by parent company Coal India Limited; proceeds go to Coal India.
• Reservations include 50% for QIBs, 15% for NIIs, 35% for retail investors, plus a special quota for Coal India shareholders and employees.

Why It Matters: BCCL's OFS IPO, part of government disinvestment, offers coking coal exposure from Jan 9.