Bharat Coking Coal IPO: Second Most Subscribed PSU Issue, Nears Mazagon Dock Record

• Bharat Coking Coal Ltd. IPO subscribed 146.8 times, raising ₹1,071 crore.
• It is the second most subscribed PSU IPO, just behind Mazagon Dock Shipbuilders (157.41x).
• Institutional investors led the subscription at 310.8 times, followed by non-institutional investors at 258 times.
• Retail investors subscribed 49.2 times, and Coal India shareholders bid 406.7 times their reserved portion.
• The IPO received bids worth ₹1.17 lakh crore, making it the third most bid-for PSU IPO by value.

Why It Matters: Bharat Coking Coal IPO achieved massive oversubscription, becoming the second-highest for a PSU.