Bharat Coking Coal IPO Allotment Expected Today After Stellar Response
The initial public offering of Bharat Coking Coal Limited has captured significant investor attention. The Coal India subsidiary's IPO witnessed overwhelming subscription numbers, closing at nearly 147 times the offered shares. With the bidding period now concluded, all eyes turn to the allotment process.
Key Dates and Process for Investors
The mainboard IPO opened for subscription on January 9 and closed on January 13. The company is likely to finalize the basis of allotment today, January 14. Successful applicants will see shares credited to their demat accounts on January 15. The official listing on both the Bombay Stock Exchange and National Stock Exchange is scheduled for January 16.
Refunds for unsuccessful bidders will also be processed on January 15. This swift timeline allows investors to quickly understand their allocation status and plan accordingly.
How to Check Your Allotment Status Online
Investors can check their Bharat Coking Coal IPO allotment status through multiple official channels. The process is straightforward and requires basic application details.
To check via BSE:
- Visit the BSE website's designated allotment status page
- Select 'Equity' as the Issue Type
- Choose 'Bharat Coking Coal Limited' from the Issue Name dropdown
- Enter your Application Number or PAN details
- Complete the verification and click 'Search'
To check via NSE:
- Navigate to the NSE website's IPO bids verification section
- Select 'Equity and SME IPO bids'
- Pick 'Bharat Coking Coal Limited' from the Issue Name menu
- Provide your PAN and Application Number
- Click 'Submit' to view your status
To check via the registrar:
- Visit the Kfin Technologies IPO status portal
- Select 'Bharat Coking Coal Limited' from the IPO dropdown
- Choose your identification method: Application Number, Demat Account, or PAN
- Enter the corresponding details
- Input the Captcha code and submit
Kfin Technologies serves as the official registrar for this public issue. The company will display your allotment status clearly on screen once you complete these simple steps.
Strong Grey Market Premium Signals High Demand
Bharat Coking Coal shares are commanding a substantial grey market premium, reflecting robust investor interest. Current GMP stands at ₹13.4 per share according to market trackers. This indicates shares are trading at a premium in unofficial markets before formal listing.
The GMP suggests an estimated listing price of approximately ₹36.4 per share. This represents a premium of more than 58% over the IPO price band of ₹21 to ₹23 per share. Such strong grey market activity often precedes positive listing day performance.
Subscription Breakdown and Issue Details
The public issue achieved remarkable subscription across all investor categories. Total subscription reached 146.87 times the offered shares. Qualified Institutional Buyers led the demand with 310.81 times subscription, followed by Non-Institutional Investors at 258.16 times. Retail Individual Investors subscribed 49.33 times.
Bharat Coking Coal Limited operates as a wholly-owned subsidiary of Coal India. The company specializes in producing coking coal, non-coking coal, and washed coal. The ₹1,071.11 crore offering consisted entirely of an offer for sale of 46.57 crore equity shares.
IDBI Capital Markets Services Limited managed the book-building process as the lead manager. The overwhelming response underscores strong market confidence in the company's prospects and the broader coal sector's potential.
