Investors who applied to the initial public offering of Bharat Coking Coal were in for a surprise when they were informed that the listing of shares had been postponed.
The decision to reschedule the listing of shares to January 19 was taken due to the market holiday during the week on account of the BMC elections.
Bharat Coking Coal Limited (BCCL) IPO saw stunning investor participation, with a total of 146.87x subscriptions being received during the bidding period. Qualified Institutional Buyers subscribed 310.81 times, Non Institutional Investors subscribed 203.99 times and Retail Individual Investors subscribed 38.3 times.
IPO bidding period details:
The public bidding of the IPO commenced on January 9 and concluded on January 13. The allotment of shares took place on January 14 and the revised listing of shares is scheduled to take place on January 19.
The company's Rs 1,071-crore IPO is the first mainboard issue of 2026. The price range has been set at Rs 21-23. The minimum investment needed to apply for the BCCL IPO was Rs 12,600/ per lot with 600 shares.
Latest GMP details:
As per various reports and analysts, the grey market premium (GMP) of Bharat Coking Coal Limited surged to nearly Rs 13.65 - Rs 14 per share, indicating a premium of approximately 60 per cent for the investors who are allotted the shares.
Here's how you can check the allotment status on NSE and BSE:
On NSE
Visit the NSE’s IPO allotment verification status page.
Look out for the 'Equity & SME IPO bid details' option and click it
Select 'BHARATCOAL'
Furnish your PAN number and Application number and submit
On BSE
Visit the application status page on the official website of BSE
Select 'Equity' in issue type
Choose 'Bharat Coking Coal Limited'
Submit your 'Application Number' or your PAN Number details
About BCCL:
Also Read
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Bharat Coking Coal Limited (BCCL) is a wholly-owned subsidiary of Coal India Limited (CIL). The company was incorporated in 1972 to mine and supply coking coal concentrated in mines at Jharia, Jharkhand, and Raniganj, West Bengal, coalfields.