Bharat Coking Coal IPO Allotment LIVE: Allotment status finalised. GMP jumps, focus shifts to listing date | Stock Market News

Bharat Coking Coal IPO Allotment LIVE:The initial public offer (IPO) of Coal India subsidiary Bharat Coking Coal Limited (BCCL) received stellar demand during its subscription period. Bharat Coking Coal IPO allotment status has been finalised.

Investors can expect to know if they have received the share allotment for the BCCL IPO via stock exchanges or the IPO registrar. Bharat Coking Coal IPO allotment status is available on BSE, NSE or Kfin Technologies — the registrar of the offer.

Bharat Coking Coal IPO subscription and details

Bharat Coking Coal IPO was subscribed by a massive 146.87 times in total, NSE data showed. At the end of the third and final day of bidding, the qualified institutional buyer (QIB) segment of BCCL IPO was booked 310.81 times. Its non-institutional investor (NII) quota received 258.16 times bids, and the retail portion closed with 49.33 times subscription.

The employee and shareholder quotas also saw robust demand, with 5.18 and 87.29 times bids, respectively.

The ₹1,071-crore offer generated a demand of close to ₹1.17 lakh crore.

The issue was entirely an offer for sale by its promoter, Coal India. As a result, all proceeds from the share sale will accrue to the Maharatna PSU and not to the company. In its prospectus, the company stated that the IPO is intended to help it realise the benefits of listing.

Bharat Coking Coal IPO price band was set at ₹21–23 per share, with an application lot size of 600 shares and multiples thereof.

Bharat Coking Coal ipo gmp

Bharat Coking Coal IPO GMP today has jumped sharply to ₹13.85. This means that BCCL shares are trading at ₹13.85 above the offer price of ₹23. At the prevailing GMP, Bharat Coking Coal shares are estimated to list at ₹36.85, a premium of 60% to the issue price.

Track this space for all the LIVE updates on Bharat Coking Coal IPO allotment status.