Bharat Coking Coal IPO: Why a small PSU drew Rs 1.1 lakh crore bids and what investors should expect from listing?

Bharat Coking Coal's IPO attracted massive investor interest, securing bids worth Rs 1.1 lakh crore for its Rs 1071 crore offering. This overwhelming response was fueled by the company's dominant position in coking coal production and attractive valuations. Investors are anticipating a strong listing performance. The company's focus on expanding beneficiation capacity also signals future growth prospects.