Bharat Coking Coal IPO Fully Subscribed in 30 Minutes

In a remarkable display of investor enthusiasm, the initial public offering (IPO) of government-owned Bharat Coking Coal Limited achieved full subscription within just 30 minutes of opening on Thursday. This swift response underscores the strong market confidence in India’s coal sector amid rising energy demands. The Rs 2,500 crore IPO, entirely a fresh issue, opened for bidding at Rs 185 per share. Retail investors alone oversubscribed their portion significantly, reflecting robust participation across categories.