New Delhi, Jan. 7 -- This year's first initial public offering (IPO) is set to open this week on January 9, with Bharat Coking Coal's (BCCL) Rs.1,071-crore offer. The Coal India subsidiary and largest coking coal producer in India announced the price band for its offer earlier this week at Rs.21 to Rs.23 per share.

Investors can apply for the BCCL IPO in lots of 600 shares, requiring a minimum investment of Rs.13,800 at the upper end of the price band by a retailer.

Shares of the company will list on Friday, December 16 on both BSE and NSE.

Ahead of the offer launch, BCCL IPO is witnessing a strong trend in the grey market. As per data from investorgain.com, BCCL IPO grey market premium (GMP) today is Rs.11.1. This means that BCCL shar...