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

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.