Bharat Coking Coal Raises Rs 273 Cr via Anchor Book; LIC Biggest Investor

• Bharat Coking Coal (BCCL) raised Rs 273.13 crore from 15 anchor investors on January 8, ahead of its IPO.
• The mini-ratna company aims to raise Rs 1,071.11 crore through an offer-for-sale of 46.57 crore equity shares by promoter Coal India.
• Life Insurance Corporation of India (LIC) was the largest anchor investor, acquiring shares worth Rs 78 crore.
• Nippon Life India and Bandhan Mutual Fund each picked up shares worth Rs 75 crore, with domestic mutual funds receiving 7.17 crore shares.
• The IPO, priced at Rs 21-23 per share, opens for public subscription from January 9 to January 13 and traded at a 50% grey market premium.

Why It Matters: BCCL secured Rs 273 Cr from anchor investors, led by LIC, for its Rs 1,071 Cr IPO opening Jan 9.