Bharat Coking Coal Limited's highly anticipated IPO listing has been postponed by three days to January 19 from the earlier scheduled date of January 16, with the delay attributed to BMC elections. The Coal India subsidiary's public offering concluded its bidding period on January 13 with remarkable investor interest.

Exceptional Subscription Numbers

The ₹1,071.00 crore IPO achieved extraordinary subscription levels, narrowly missing the record for the most subscribed IPO by a state-run company. According to final data from the NSE, the issue was subscribed 146.80 times overall.

Strong Institutional Demand

Institutional investors demonstrated overwhelming confidence in the offering, driving the subscription numbers significantly higher. The institutional portion witnessed exceptional demand, far exceeding the allocated quota.

The three-day bidding period saw sustained investor interest across all categories, with institutional investors leading the charge. The strong response reflects market confidence in the coal sector and the company's prospects as a subsidiary of Coal India.

Market Impact

The postponement due to BMC elections ensures that the listing will take place in a more conducive market environment. The exceptional subscription levels position Bharat Coking Coal Limited among the most successful state-run company IPOs in recent times, setting a positive tone for the upcoming listing on January 19.

Bharat Coking Coal Limited's initial public offering concluded with remarkable investor enthusiasm, recording an overall subscription of 146.87 times on the final day of bidding on January 13. The mainboard issue demonstrated robust demand across all investor segments during its three-day subscription window.

Subscription Performance

The IPO received overwhelming response from investors, with bids totaling 5,095 crore shares against the 34.60 crore shares on offer. The subscription period ran from January 9 to January 13, witnessing consistent strong demand throughout.

IPO Structure and Timeline

The Bharat Coking Coal Limited IPO was structured as a book-built issue worth ₹1,071.11 crore, consisting entirely of an offer-for-sale of 46.57 crore shares. The company set the price band at ₹21-23 per share for the offering.

Checking Allotment Status

Investors can verify their share allotment status through multiple channels following the finalisation on January 14. The process is available on BSE, NSE, and the registrar's website.

BSE Allotment Check:

• Visit BSE allotment page
• Select 'Equity' under Issue Type
• Choose company name from dropdown
• Enter Application Number or PAN
• Complete Captcha and click Search

NSE Allotment Verification:

• Access NSE IPO allotment page
• Select 'Equity & SME IPO bid details'
• Choose 'BCCL' from company dropdown
• Enter PAN and application number
• Submit for allotment status

KFin Technologies Process:

• Visit KFinTech IPO allotment portal
• Select BCCL from IPO Name dropdown
• Choose identification method (PAN, Application Number, or Demat Account)
• Enter required details and submit

Market Premium and Company Background

According to market sources, the grey market premium for Bharat Coking Coal IPO stood at ₹13.40 as of 9:00 a.m. on January 14. Based on the upper price band limit of ₹23, this suggests an estimated listing price of ₹36.40 per share, indicating potential listing gains of 58.26%.

Bharat Coking Coal Limited, incorporated in 1972, operates as a wholly-owned subsidiary of Coal India Limited with headquarters in Dhanbad, Jharkhand. The company specialises in producing coking coal, non-coking coal, and washed coal. Since the IPO comprises entirely of offer-for-sale shares, the company will not receive proceeds, which will go to the selling shareholder after expenses and taxes.