If you feel like you missed the bus on the big, expensive IPOs lately, the market has thrown a new opportunity your way and this one fits almost every budget. The buzz on Dalal Street today is all about Bharat Coking Coal Limited (BCCL), a subsidiary of the massive Coal India.Why is everyone talking about it? Because the price band is incredibly low, but the excitement is surprisingly high.A Share for Just ₹23?Yes, you read that right. In a market where IPOs are often priced in the hundreds or thousands, BCCL has set its price band at just ₹23 to ₹24 per share.For the average retail investor, this low entry point is very attractive. It essentially means you don't need a massive bank balance to apply for a lot; a single lot of roughly 600 shares (estimation based on standard IPO sizes) would be quite affordable.Grey Market is Already on FireHere is the part that signals a "Buy." Even though the issue hasn't opened for subscription yet, the Grey Market Premium (GMP) is telling a very positive story.According to market watchers, BCCL shares are trading at a premium of nearly 60% in the unlisted market.If these trends hold up, investors could see a solid return on the very first day of listing.When Can You Apply?Mark your calendars. This public issue is expected to open for subscription early next week (starting January 19).Coal India, the parent company, is selling a 25% stake in this subsidiary. Since BCCL is a government-backed entity (a Miniratna PSU), there is an added layer of trust involved for conservative investors.Is It Worth It?While the low price is tempting, remember that this is a heavy industry stock. However, the grey market trends suggest that the street is expecting a "bumper listing." If you are looking for listing gains, this small-ticket IPO might be the most exciting thing happening in January 2026.Keep an eye on the subscription numbers next week—if the big institutions jump in, this ₹23 stock could fly!
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