8 months ago

Bharat Coking Coal's ₹1,071 Crore IPO Fully Subscribed

Bharat Coking Coal's ₹1,071 Crore IPO Fully Subscribed
Bharat Coking Coal's ₹1,071 Crore IPO Fully Subscribed In Minutes, NII's & QIB's Take The Lead · freepressjournal.in

Bharat Coking Coal Ltd, a company that mines and supplies coking coal, recently launched its initial public offering (IPO) worth ₹1,071 crore.

The IPO was fully subscribed within minutes of opening and ended with 8.08 times subscription.

Non-institutional investors and retail investors showed strong interest, while qualified institutional buyers had a 30% subscription.

The company raised ₹273 crore from anchor investors.

The IPO will conclude on January 13, 2026, with a price band of ₹21 to ₹23 per share.

This IPO is part of the government's plan to make Coal India's subsidiaries more valuable and transparent.

The company was founded in 1972 and operates mines in Jharia and Raniganj.

Key facts

IPO Amount
₹1,071 crore
Subscription Rate
8.08 times
NII Subscription
16.39 times
RII Subscription
9.26 times
QIB Subscription
30%
Anchor Investor Funds
₹273 crore
IPO Closing Date
January 13, 2026
Price Band
₹21 to ₹23 per share
Company Valuation
Over ₹10,700 crore
Equity Shares Offered
46.57 crore

Sources

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