Coal India’s subsidiary, Bharat Coking Coal (BCCL), will launch its initial public offering on January 9 with a price band of Rs 21-23 per share. The IPO will raise Rs 1,071.11 crore through an offer for sale of 46.57 crore shares. The parent company, Coal India, will offload 10% stake and make a profit of over Rs 600 crore. BCCL is the largest coking coal producer in India.