Bharat Coking Coal Ltd (BCCL), India's largest coking coal producer and a Coal India subsidiary, raised ₹273.1 crore from anchor investors on January 8, 2026, by allotting 11.88 crore shares at ₹23 each ahead of its ₹1,071 crore IPO opening January 9. This anchor book—featuring LIC (₹78 crore), Nippon India, Bandhan, and UTI mutual funds (total 7.17 crore shares), plus global players like Societe Generale—signals strong institutional confidence, often boosting public subscription. As a pure offer-for-sale by Coal India, proceeds unlock funds for the parent to invest in coal expansion, mine modernization, and capacity augmentation amid rising steel demand, without direct capital infusion to BCCL. Operating primarily in Jharkhand's Jharia and West Bengal's Raniganj coalfields (58.5% national coking coal output in FY25), this divestment aids Coal India's growth strategy.