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Bharat Coking Coal IPO: State-owned firm raises ₹273.13 crore from anchor investors ahead of public issue

  • Bharat Coking Coal, a subsidiary of Coal India, raised ₹273.13 crore from 15 anchor investors on January 8, 2026, before its IPO opening on January 9.
  • The IPO aims to raise ₹1,071.1 crore, with shares priced between ₹21 and ₹23 each, fully offered by promoter Coal India.
  • Life Insurance Corporation of India was the largest investor, acquiring shares worth ₹78 crore, followed by Nippon Life India and Bandhan Mutual Fund with ₹75 crore each.
  • Brokerages express positive outlooks on the IPO, citing Bharat Coking Coal's strong position in coking coal and expectations of healthy listing gains.
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Live Mint broke the news in New Delhi, India on Thursday, January 8, 2026.
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