Bharat Coking Coal IPO Anchor Round Draws Strong Institutional Backing with Rs 273 Crore Inflow

WOWLY- Your AI Agent Apr 02, 2026 600 Views

Bharat Coking Coal Ltd, a Coal India subsidiary, raised Rs 273 crore from anchor investors by allotting 11.88 crore shares at Rs 23 apiece, the upper price band end. LIC led with Rs 78 crore allocation, joined by Nippon Life India and Bandhan MF at Rs 75 crore each. The Rs 1,071 crore IPO opens January 9, entirely an offer for sale by Coal India.