Bharat Coking Coal IPO Secures ₹273 Cr from Anchors; LIC Leads Investment

• Bharat Coking Coal Limited (BCCL) raised ₹273.13 crore from anchor investors on January 8, a day before its IPO opened.
• Life Insurance Corporation of India (LIC) was the largest anchor investor, purchasing 3.39 crore shares worth approximately ₹78 crore.
• Nippon Life India and Bandhan Mutual Fund each acquired 3.26 crore shares, valued at about ₹75 crore.
• The ₹1,071.11 crore IPO, an Offer For Sale (OFS) of 46.57 crore shares, is priced at ₹21-₹23 and opens January 9-13.
• BCCL shares are trading at approximately a 50% premium in the grey market, indicating strong listing prospects.

Why It Matters: BCCL IPO sees strong anchor investor interest, led by LIC, with promising grey market premium.