Mumbai :  Bharat Coking Coal, a wholly-owned subsidiary of Coal India Limited (CIL) and the largest coking coal producer in India in Fiscal 2025 in terms of coking coal production, has garnered Rs 273.1  crore from anchor investors ahead of its initial public offering that opens for public subscription on January 9. The company informed the bourses that it allocated 118,753, 500 equity shares at Rs 23 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include Life Insurance Corporation, Societe Generale, Copthall Mauritius Investment Ltd, Citrine Fund, M7  Global Fund PCC – ASAS Global Opportunities Fund, Maybank Securities and Rajasthan Global Securities Private Ltd. 

Amongst equity- oriented schemes, the company has allocated shares to UTI Dividend Yield Fund and other schemes of UTI, Nippon Life India Trustee – A/C Nippon India Small Cap Fund and Bandhan Small Cap Fund.

Out of the total allocation of 118,753, 500 equity shares to the anchor investors, 7, 17, 39, 600 were allocated to 3 domestic mutual funds through 8 schemes.