The IPO is entirely an offer-for-sale of up to 46.57 crore shares by Coal India
Bharat Coking Coal, a wholly-owned subsidiary of Coal India Ltd, on Thursday raised ₹273.10 crore from anchor investors ahead of the issue opening on Friday. The coal major allotted 1.187 crore shares to anchor investors at ₹23 a share.
The IPO is entirely an offer-for-sale of up to 46.57 crore shares by Coal India. The issue size is ₹1071.1 crore at the upper end of the price band. Some of the marquee institutions which participated in the anchor portions included 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.
IDBI Capital Markets & Securities and ICICI Securities are the book-running lead manager; and KFin Technologies Limited is the registrar of the offer.
Published on January 8, 2026
