Bharat Coking Coal IPO Soars, Becomes 2nd Most Subscribed PSU Offering

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AuthorRiya Kapoor | Whalesbook News Team

Overview

Bharat Coking Coal Ltd.'s ₹1,071 crore Initial Public Offering closed Tuesday subscribed a staggering 146.8 times, making it the second-most subscribed public sector undertaking (PSU) IPO on record. The issue garnered bids worth ₹1.17 lakh crore, with strong demand seen across all investor categories. Shares are trading at a significant premium in the unlisted market.

Bharat Coking Coal IPO Soars, Becomes 2nd Most Subscribed PSU Offering

**Bharat Coking Coal IPO Crushes Expectations, Secures Second-Highest PSU Subscription