Bharat Coking Coal IPO Subscribed Over 15x on Day One

Bharat Coking Coal Limited’s IPO made headlines by getting fully subscribed in under 30 minutes, marking one of the fastest sell-outs in recent memory. The government’s coal arm captivated investors with its growth story and strategic importance. By midday, total subscription crossed 15x per exchange data. As a key supplier to steel majors like Tata Steel and JSW, the company leverages 4 billion tonnes of reserves to maintain its market leadership.