By Admin 
Bharat Coking Coal Ltd IPO: The IPO of Coal India’s subsidiary company Bharat Coking Coal Ltd opened from today. It is getting tremendous response from investors on the very first day. The situation is that within the first hour of opening of IPO it was completely subscribed. Subscribed 1.55 times at 10.42 am.
Non-Institutional Investors (NII) and retail investors showed the most interest in IPO. The portion reserved for non-institutional investors was subscribed 2.57 times, while the portion for retail investors was subscribed 2.12 times. In contrast, qualified institutional buyers subscribed only 0.01 times and the portion reserved for employees was subscribed 0.17 times.
Important details related to IPO
The size of the IPO of Bharat Coking Coal Limited is Rs 1,071 crore. Investors will be able to bid for this till January 13, 2026. This issue will be completely an Offer for Sale (OFS), in which the promoters of Coal India will sell their share. Fresh issues will not be issued in IPO. That means the company will not get any money from this issue. The price band of IPO is Rs 21-23 per share. The company’s shares are going to be listed on the stock exchange on January 16, 2026.
Earning of Rs 273 crore from anchor investors
Many big investors participated in the anchor book. These include Life Insurance Corporation of India, Societe Generale, Copthall Mauritius Investment Limited, Citrine Fund, M7 Global Fund PCC-ASAS Global Opportunities Fund, Maybank Securities and Rajasthan Global Securities Private Limited. This clearly reflects the confidence of institutional investors in the issue. BCCL has raised Rs 273.13 crore from anchor investors. At a price of Rs 23 per share, the largest investor in the anchor book was Life Insurance Corporation of India (LIC), which bought 3.39 crore shares for about Rs 78 crore.
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