Bharat Coking Coal IPO Subscribed 150x Amidst Market Downturn: What Made it Special?
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News18•13-01-2026, 18:31
Bharat Coking Coal IPO Subscribed 150x Amidst Market Downturn: What Made it Special?
- •Bharat Coking Coal (BCCL) IPO saw an extraordinary 150 times subscription despite stock market volatility and weak sentiment.
- •Coking coal, BCCL's primary product, is crucial for steel production, with demand expected to rise due to India's infrastructure growth.
- •The company boasts a strong financial position, consistent profitability, limited debt, and the stability of government ownership.
- •Attractive IPO valuation and a limited number of shares contributed to high demand and rapid subscription.
- •In a falling market, investors sought safe investments, finding BCCL's core sector business model and stable demand appealing for long-term prospects.
Why It Matters: BCCL's strong fundamentals, coking coal demand, government backing, and attractive valuation led to massive IPO oversubscription.
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