Bharat Coking Coal IPO: Deven Choksey Recommends 'Subscribe' for Long-Term Gains

• Bharat Coking Coal Ltd (BCCL), a Mini Ratna subsidiary of Coal India Ltd (CIL), is offering an IPO.
• BCCL is a major player in coking coal, holding 7.91 billion tonnes of reserves as of April 2024.
• The company operates 34 mines across Jharia (Jharkhand) and Raniganj (West Bengal), contributing 58.5% of India's domestic coking coal production in FY25.
• BCCL leads in coking coal washery capacity with 13.65 MTPA and is exploring Coal Bed Methane (CBM).
• Deven Choksey recommends 'SUBSCRIBE' for long-term portfolios, citing defensive yield and growth potential.

Why It Matters: Deven Choksey advises subscribing to Bharat Coking Coal IPO for long-term growth and defensive yield.