Bharat Coking Coal IPO Allotment: Steps To Check Status Online, Latest GMP And Other Key Details
The Bharat Coking Coal IPO received bids for 5,095 crore shares against 34.6 crore shares on offer during the three-day subscription period between Jan. 9 and Jan. 13.
The initial public offering (IPO) of Bharat Coking Coal Ltd. (BCCL) closed with an overall subscription of more than 146 times on the third and last day of bidding on Jan. 13. The mainboard issue witnessed robust demand across all investor categories.
The IPO received bids for 5,095 crore shares against 34.6 crore shares on offer during the three-day subscription period between Jan. 9 and Jan. 13. Overall, the IPO was subscribed 146.87 times.
Qualified Institutional Buyers (QIBs) booked their category 310.81 times, while Non-Institutional Investors (NIIs) subscribed their segment 258.16 times. The retail portion of the IPO was booked 49.33 times.
Share allotment status for the Bharat Coking Coal IPO is scheduled to be finalised on Jan. 14, following the closure of the subscription window. The listing date for the Bharat Coking Coal IPO has been tentatively fixed as Jan. 16.
The Bharat Coking Coal IPO was a book-built issue of Rs 1,071.11 crore, consisting entirely of an offer-for-sale of 46.57 crore shares. The IPO price band was set at Rs 21–23 per share.
Investors can check the share allotment status on the BSE, NSE and the official website of the issue registrar, KFin Technologies.
Steps To Check Bharat Coking Coal IPO Allotment Status On BSE
Visit the BSE allotment page here
Under the Issue Type field, select Equity.
From the Issue Name dropdown, choose the company name.
Enter your Application Number or PAN.
Complete the Captcha verification.
Click Search to check your allotment status.
How To Check Bharat Coking Coal IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here
Select the ‘Equity & SME IPO bid details’ option.
Pick the company symbol ‘BCCL’ from the dropdown list.
Enter your PAN and application number.
Click on the ‘Submit’ button to check your share allotment status.
Steps To Check IPO Allotment Status On KFin Technologies
Go to the KFinTech IPO allotment page here: https://ipostatus.kfintech.com/
From the IPO Name dropdown, select BCCL.
Choose an identification method: PAN, Application Number or Demat Account.
Enter the details for the selected method.
Click Submit to view your allotment status.
Bharat Coking Coal IPO GMP Today
According to InvestorGain, the latest grey market premium (GMP) for Bharat Coking Coal IPO stood at Rs 13.4 at 9:00 a.m. on Jan. 14. Based on the upper limit of the IPO price band of Rs 23, the GMP hints at an estimated listing price of Rs 36.4 per share. The latest GMP indicates an expected listing gain of 58.26% per share.
Note: GMP does not represent official data and is based on speculation.
About BCCL And Use of IPO Proceeds
Bharat Coking Coal Ltd. (BCCL), incorporated in 1972, is a wholly-owned subsidiary of Coal India Ltd., headquartered in Dhanbad, Jharkhand. The company is engaged in the production of coking coal, non-coking coal, and washed coal.
As the IPO is entirely an offer-for-sale, BCCL will not receive any proceeds. They will instead go to the selling shareholder after IPO-related expenses and taxes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
