Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, launched its initial public offering (IPO) on January 9, 2026, aiming to raise Rs 1,071 crore through an offer for sale. The company successfully raised Rs 273.1 crore from anchor investors prior to the public launch. The IPO, priced between Rs 21-23 per share, saw strong initial subscription, with some reports indicating it was fully subscribed within minutes. Grey market premiums (GMP) indicated potential listing gains, though some sources noted a slight fall in GMP on the opening day. Analysts generally recommend subscribing for listing gains, citing BCCL's dominant market position in coking coal.