Bharat Coking Coal Raises ₹273 Cr from Anchor Investors Ahead of IPO

• Bharat Coking Coal Ltd (BCCL) garnered ₹273.1 crore from anchor investors on January 8, ahead of its IPO opening on January 9.
• The company allocated 11.88 crore equity shares at ₹23 per share to anchor investors.
• Marquee institutions like Life Insurance Corporation, Societe Generale, and Maybank Securities participated.
• Domestic mutual funds, including UTI and Nippon India, received 7.17 crore shares through eight schemes.
• BCCL, a Coal India arm, is India's largest coking coal producer, operating in Jharia (Jharkhand) and Raniganj (West Bengal) coalfields.

Why It Matters: BCCL successfully secured ₹273 crore from anchor investors, setting the stage for its IPO.