IPO News: The first mainboard IPO of the year will launch tomorrow; here's everything you need to know, from the price band to the GMP..

The first mainboard IPO of this year is opening tomorrow, January 9th. This IPO will open on January 9th and close on January 13th. You can invest in this IPO through pre-booking starting today. Bharat Coking Coal (BCCL) will issue shares through an Offer for Sale (OFS). This means that the money raised through the IPO will go to the existing shareholders.

What will be the issue size?
Bharat Coking Coal will issue more than 46 crore shares through the IPO. However, this money will go to the shareholders, not the company. Let's look at some basic details about this IPO.

Basic Details about the IPO
What is the price band? ₹21 to ₹23
What is the face value? ₹10 per share
What is the lot size? 600 equity shares
When will it open? January 9, 2026
When will it close? January 13, 2026
How much investment is required?
The minimum investment required in this IPO depends on the price band:

At ₹21: ₹12,600
At ₹23: ₹13,800
What is the GMP?
Regarding the Grey Market Premium (GMP) of the IPO, it was initially showing an upward trend. Today, January 8th, its GMP is ₹11.2. According to the GMP, investors can expect a profit of 48.70 percent from this IPO.

Financial Performance
Revenue in FY25: ₹13,802.55 crore
Net Profit in FY25: ₹1,240.19 crore
Net Profit in FY23: ₹664.78 crore
Meanwhile, for the six months ended September 30, 2025, the revenue was ₹5,659.02 crore, and the net profit was ₹123.88 crore.

What is the reservation? Employee quota: 2.33 crore shares
Employees receive a discount of ₹1 per share
Shareholder quota: 4.66 crore shares

Up to 50% of the issue is reserved for QIBs, 15% for NIIs, and 35% for retail investors.

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