Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, is launching an IPO to raise Rs 1,071 crore through an offer for sale. As India's largest coking coal producer, BCCL holds significant reserves and plans capacity expansion. Analysts at SBI Securities recommend subscribing, citing its dominant market position and India's coking coal shortage. However, risks include customer concentration and potential long-term impacts from renewable energy adoption. The IPO opens January 9, with a price band of Rs 21-23, and grey market premiums suggest potential listing gains.