Did you get Bharat Coking Coal IPO shares? Allotment status and refund details inside

Bharat Coking Coal IPO: The share allotment for the Bharat Coking Coal IPO has been finalised, and investors can now check their allotment status on the website of the issue’s registrar, KFin Technologies Ltd. The status is also available on the websites of the BSE and the NSE.

The public issue, which was open for subscription from January 9 to January 13, witnessed strong investor interest and was subscribed 147 times, reflecting robust demand across investor categories.

BCCL IPO details and subscription highlights

Bharat Coking Coal, the subsidiary of Coal India Ltd, launched its maiden public offer as a book-building issue of Rs 1,071 crore, consisting entirely of an offer-for-sale (OFS) of 46.57 crore shares.

According to the company’s RHP, IDBI Capital Markets Services Ltd and ICICI Securities Ltd are the book-running lead managers, and Kfin Technologies Ltd is the registrar of the issue.

The IPO reserved 50 per cent, 15 per cent and 35 per cent of the net offer for the QIB, NII and retail investor categories, respectively.

The Bharat Coking Coal IPO had the price band fixed at Rs 21 to Rs 23 per equity share, giving the company a market valuation of around Rs 10,711 crore.

Overall, investors bid for around 5,095 crore shares against the total shares on offer, including 2,460 crore, 1,532 crore, and 683 crore shares from institutional buyers, investors and the retail category, respectively. Specifically, QIB, NII and RII quotas booked 310.81, 258.16 and 49.33 times the net offer, respectively.

Applicants can check their allotment status by entering their application number or PAN on the registrar’s website. The allotment details can also be accessed through the official websites of the stock exchanges.

The listing of Bharat Coking Coal shares has been postponed to January 19, as domestic equity markets remained closed on Thursday, January 15, due to municipal corporation elections in Maharashtra.

Earlier, the credit of shares to demat accounts and initiation of refunds were scheduled for January 15. However, the day was declared a stock market holiday, leading to a change in timelines. The credit of shares and refunds are now scheduled for January 16.

Trading in equities, equity derivatives, securities lending and borrowing, currency derivatives and interest rate derivatives remained closed on both the BSE and the NSE on January 15. The commodity derivatives segment was also closed during the morning session. Additionally, January 15 was a settlement holiday and a non-working day for banks.

With the allotment process completed, market participants now await the listing of Bharat Coking Coal shares, scheduled for January 19.

BCCL is India’s largest producer of coking coal and accounted for 58.5 per cent of the total domestic coking coal production in FY25. The company holds estimated coking coal reserves of 7.91 billion tonnes, representing about 21.5 per cent of the country’s total coking coal resources.

It operates 34 mines across Jharkhand and West Bengal, including underground, opencast and mixed mines, spread over a leasehold area of 288.3 square kilometres.

Financially, Bharat Coking Coal reported revenue of Rs 13,802 crore and profit of Rs 1,204 crore in FY25. Coal production rose from 30.51 million tonnes in FY22 to 40.50 million tonnes in FY25.