Anand Rathi Recommends 'Subscribe Long Term' for Bharat Coking Coal IPO

• Bharat Coking Coal Ltd (BCCL) is India's largest coking coal producer, accounting for 58.50% of domestic production in FY25.
• Holds estimated reserves of 7,910 million tonnes as of April 1, 2024, producing various grades of coal for steel and power industries.
• A 100% subsidiary of Coal India Limited (CIL), granted Mini Ratna status in 2014, operating in Jharia and Raniganj.
• Production grew 32.74% from 30.51 million tonnes in FY22 to 40.50 million tonnes in FY25.
• Anand Rathi recommends "Subscribe Long Term" to the IPO, valuing the company at a P/E of 38.3x to its FY25 earnings.

Why It Matters: Anand Rathi advises "Subscribe Long Term" to Bharat Coking Coal IPO, citing strong market position.