New Delhi, Jan. 5 -- The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL), a subsidiary of Maharatna PSU Coal India, has announced the price band for its upcoming share sale at Rs.21-23 per share.

The public offer, worth Rs.1,071 crore, will mark the first mainboard IPO of 2206. It will open for bidding this Friday, January 9, and close on Tuesday, January 13. Meanwhile, the anchor book will open a day before the IPO dates, on January 8.

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

BCCL IPO is entirely an offer for sale of 46.57 crore shares by the promoter selling shareholder, Coal India. This means al...