Bharat Coking Coal IPO Allotment Today: Check Status Online, Listing Set for January 16
Bharat Coking Coal Limited's IPO allotment takes place today, January 14, after achieving 146.8 times subscription for its ₹1,071 crore OFS. The issue became the second-most subscribed PSU IPO, with QIBs subscribing 310.81 times and retail investors 49.25 times. Investors can check allotment status through BSE, NSE, and Kfin Technologies platforms, with listing scheduled for January 16.
*this image is generated using AI for illustrative purposes only.
Bharat Coking Coal Limited's highly anticipated IPO allotment is set to take place today, Wednesday, January 14, following remarkable investor enthusiasm. The ₹1,071 crore Offer for Sale (OFS) concluded with exceptional subscription levels, positioning the company among the most successful PSU offerings in recent history.
Exceptional Subscription Performance
The IPO achieved outstanding subscription numbers across all investor categories:
| Category | Subscription Rate |
|---|---|
| Overall Subscription | 146.8 times |
| Retail Investors | 49.25 times |
| Qualified Institutional Buyers (QIBs) | 310.81 times |
| Non-Institutional Investors (NIIs) | 258 times |
| Employee Quota | 5.17 times |
| Shareholders Category | 87.2 times |
With this performance, Bharat Coking Coal Limited became the second-most subscribed PSU IPO on record, trailing only Mazagon Dock's ₹444 crore IPO which achieved 157.41 times subscription. The issue, which opened for subscription on January 9, received bids for 5,093.16 crore shares against 34.69 crore shares on offer.
Key Timeline and Process
The company has outlined a clear timeline for the remaining IPO processes:
| Event | Date |
|---|---|
| Allotment Date | January 14 (Wednesday) |
| Refunds and Share Transfer | January 15 (Thursday) |
| Listing Date | January 16 (Friday) |
Shares are tentatively scheduled to be listed on both BSE and NSE on Friday, January 16. The company will initiate refunds for unsuccessful applicants and transfer shares to Demat accounts of successful investors on Thursday, January 15.
How to Check Allotment Status
Investors can verify their allotment status through multiple online platforms:
BSE Platform
- Visit BSE IPO allotment page
- Select 'Equity' under Issue Type
- Choose 'Bharat Coking Coal Ltd' from Issue Name dropdown
- Enter Application Number or PAN
- Complete Captcha verification and click 'Search'
NSE Platform
- Access NSE IPO allotment page
- Select 'Equity and SME IPO bid details'
- Choose BHARATCOAL from company symbols list
- Provide PAN and Application Number
- Click 'Submit' to view status
Kfin Technologies (Registrar)
- Visit KFinTech IPO allotment page
- Select Bharat Coking Coal Ltd from dropdown
- Choose verification method: PAN, Application Number, or Demat Account
- Enter required details and click 'Submit'
About the Company and IPO Structure
Bharat Coking Coal Limited, established in 1972, operates as a wholly-owned subsidiary of Coal India Ltd. The company specializes in producing coking coal, non-coking coal, and washed coal, with coking coal serving as its primary product for steel and power industries.
| IPO Parameter | Details |
|---|---|
| Issue Size | ₹1,071.11 crore |
| Issue Type | Offer for Sale (OFS) |
| Shares Offered | 46.57 crore shares |
| Price Band | ₹21 to ₹23 per share |
| Minimum Lot Size | 600 shares |
| Minimum Investment | ₹13,800 (at upper price) |
The mainboard issue was entirely structured as an offer-for-sale, with retail investors required to bid for a minimum lot size of 600 shares, representing a minimum investment of ₹13,800 at the upper limit of the issue price.
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