Bharat Coking Coal Ltd (BCCL), a state-owned subsidiary of Coal India Limited and India's largest coking coal producer, successfully raised ₹273.13 crore from anchor investors on Thursday, January 8, 2026. This fundraising was completed just a day before its Initial Public Offering (IPO) opened for public subscription. The anchor investors were allotted 11,87,53,500 equity shares at a price of ₹23 per share. Prominent investors participating in the anchor book included Life Insurance Corporation of India (LIC), Bandhan Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund, Societe Generale, and others. The mainboard IPO of Bharat Coking Coal, which is the first of 2026, commenced for public bidding on Friday, January 9, 2026, and is scheduled to close on Tuesday, January 13, 2026. The company aims to raise approximately ₹1,071.11 crore through this public issue, which is entirely an Offer for Sale (OFS) of 46.57 crore equity shares by its promoter, Coal India. Consequently, BCCL itself will not receive any proceeds from the IPO. The price band for the IPO has been fixed at ₹21 to ₹23 per equity share, with a minimum application lot size of 600 shares. Around 10% of the issue size is reserved for eligible Coal India shareholders. The shares are tentatively scheduled to be allotted on January 14, 2026, and are expected to list on both the BSE and NSE on January 16, 2026. Market observers noted a grey market premium (GMP) of approximately ₹11 to ₹12.5 per share as of January 8, suggesting a potential listing gain of 50-70% over the upper price band.