Record Rush: Bharat Coking Coal IPO Hits Full Subscription Milestone

Investors wasted no time snapping up shares in Bharat Coking Coal's highly anticipated IPO, which rocketed to full subscription in a mere 30 minutes. The frenzy highlights the coal giant's appeal in a market hungry for stable, dividend-paying PSUs. Priced between Rs 150-185, the Rs 2,500 crore offer drew overwhelming bids from the get-go. Funds raised will accelerate capital expenditure in washeries and evacuation infrastructure, targeting a production hike to 60 million tonnes annually.