Bharat Coking Coal IPO subscribed 77 times
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New Delhi: The initial public offering of Bharat Coking Coal Ltd got 76.81 times subscription so far on the final day of bidding on Tuesday.
The IPO received bids for 26,64,80,45,400 shares against 34,69,46,500 shares on offer, as per NSE data till 1345 hours. The portion meant for non-institutional investors fetched a whopping 223.88 times subscription. The Qualified Institutional Buyers (QIBs) quota got subscribed 48.72 times, and the category for Retail Individual Investors (RIIs) received 42.17 times subscription.The IPO of Bharat Coking Coal Ltd got fully subscribed within minutes of opening for bidding on Friday. Bharat Coking Coal Ltd (BCCL) on Thursday said it has mobilised over Rs 273 crore from anchor investors. The company’s Rs 1,071-crore IPO is the first mainboard issue of 2026. The price band for the IPO has been fixed at Rs 21-23 per share, and at the higher end, the company is valued at over Rs 10,700 crore. According to the red herring prospectus (RHP), the public issue is entirely an offer for sale (OFS) of 46.57 crore equity shares by Coal India.
