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Coal India arm Bharat Coking Coal Ltd (BCCL) on Thursday (January 8) has garnered ₹273.1 crore from anchor investors ahead of its initial public offering that opens for public subscription on January 9. The company informed the bourses that it allocated 11.88 crore equity shares at
₹23 per share to anchor investors.
Some of the marquee institutions that participated in the anchor include Life Insurance Corporation, Societe Generale, Copthall Mauritius Investment Ltd, Citrine Fund, M7 Global Fund PCC - ASAS Global Opportunities Fund, Maybank Securities and Rajasthan Global Securities Private Ltd.
Amongst equity- oriented schemes, the company has allocated shares to UTI Dividend Yield Fund and other schemes of UTI, Nippon Life India Trustee - A/C Nippon India Small Cap Fund and Bandhan Small Cap Fund.
Also Read: Bharat Coking Coal IPO: GMP surges for first mainboard IPO of 2026 ahead of opening
Out of the total 11.88 crore equity shares allotted to anchor investors, 7.17 crore shares were allocated to three domestic mutual funds through eight schemes.
Bharat Coking Coal is India's largest producer of coking coal, accounting for around 58.5% of the country's total domestic coking coal output in FY25. The company primarily operates in the Jharia coalfield in Jharkhand and the Raniganj coalfield in West Bengal.
IDBI Capital and ICICI Securities are the book-running lead managers to the issue. The basis of allotment is scheduled for January 14, with the shares expected to list on the exchanges on Friday, January 16.
Also Read: Bharat Coking Coal IPO - 12 things you must know before subscribing to the issue
Some of the marquee institutions that participated in the anchor include Life Insurance Corporation, Societe Generale, Copthall Mauritius Investment Ltd, Citrine Fund, M7 Global Fund PCC - ASAS Global Opportunities Fund, Maybank Securities and Rajasthan Global Securities Private Ltd.
Amongst equity- oriented schemes, the company has allocated shares to UTI Dividend Yield Fund and other schemes of UTI, Nippon Life India Trustee - A/C Nippon India Small Cap Fund and Bandhan Small Cap Fund.
Also Read: Bharat Coking Coal IPO: GMP surges for first mainboard IPO of 2026 ahead of opening
Out of the total 11.88 crore equity shares allotted to anchor investors, 7.17 crore shares were allocated to three domestic mutual funds through eight schemes.
Bharat Coking Coal is India's largest producer of coking coal, accounting for around 58.5% of the country's total domestic coking coal output in FY25. The company primarily operates in the Jharia coalfield in Jharkhand and the Raniganj coalfield in West Bengal.
IDBI Capital and ICICI Securities are the book-running lead managers to the issue. The basis of allotment is scheduled for January 14, with the shares expected to list on the exchanges on Friday, January 16.
Also Read: Bharat Coking Coal IPO - 12 things you must know before subscribing to the issue
