Bharat Coking Coal IPO allotment Today: Steps to check status, listing date and other details – CNBC TV18

The allotment of shares for the Bharat Coking Coal IPO will take place on Wednesday, January 14. The ₹1,071 crore Offer for Sale (OFS) closed with a healthy subscription of 146.8 times as bidding closed on the final day.

With this, Bharat Coking Coal became the second-most subscribed PSU IPO on record, second only to Mazagon Dock, whose ₹444 crore IPO saw overall subscription of 157.41 times.

The IPO, which opened for subscription on January 9, received bids for 5,093.16 crore shares against 34.69 crore shares on offer, as per the NSE data.

The retail portion of the Bharat Coking Coal IPO was subscribed 49.25 times, while the Qualified Institutional Buyers’ (QIBs) segment was booked 310.81 times. The Non-Institutional Investors (NIIs) booked their quota 258 times. The portion reserved for employees was booked 5.17 times, while the shareholders category was subscribed 87.2 times.

The company is scheduled to initiate refunds and transfer of shares to the Demat accounts on Thursday, January 15. Finally, Bharat Coking Coal shares are tentatively scheduled to be listed on the BSE and NSE on Friday, January 16.

Investors can check the Bharat Coking Coal IPO allotment status online through the websites of the NSE, BSE and issue registrar, Kfin Technologies Ltd.

Bharat Coking Coal IPO: Steps to check allotment status on BSE

· Visit the BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx.

· Under the Issue Type field, select ‘Equity’.

· From the Issue Name dropdown list, choose ‘Bharat Coking Coal Ltd’.

· Enter your Application Number or PAN.

· Complete the Captcha verification.

· Click ‘Search’ to check your allotment status.

Bharat Coking Coal IPO: Steps to check allotment status on NSE

· Go to the NSE IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

· Choose ‘Equity and SME IPO bid details’.

· Pick BHARATCOAL from the list of company symbols.

· Provide your PAN and Application Number.

· Click ‘Submit’ to see your allotment status.

Bharat Coking Coal IPO: Check Allotment Status On Kfin Technologies

· Go to the KFinTech IPO allotment page: https://ipostatus.kfintech.com/.

· From the dropdown list for IPO names, select Bharat Coking Coal Ltd.

· Choose any of these options for verification: PAN, Application Number or Demat Account.

· Enter the details as per your selection.

· Click ‘Submit’ to view the share allotment status.

About Bharat Coking Coal

The Bharat Coking Coal Ltd. IPO was a book-building issue worth ₹1,071.11 crore. The mainboard issue was entirely an offer-for-sale (OFS) of 46.57 crore shares. The IPO price band was fixed at ₹21 to ₹23 per share. The retail investors were required to bid for at least a single lot size of 600 shares, amounting to a minimum investment of ₹13,800 per application at the upper limit of the issue price.

Bharat Coking Coal Limited (BCCL), established in 1972, is engaged in the production of coking coal, non-coking coal and washed coal, with coking coal being its primary product serving the steel and power industries. The company is a wholly-owned subsidiary of Coal India Ltd.