BCCL IPO Booked 146x: Know Steps To Check Allotment Status On NSE, BSE and Registrar’s Website

BCCL IPO Allotment: Bharat Coking Coal’s (BCCL) initial public offering (IPO) closed for bidding on January 13. The coking coal producer’s public issue garnered stellar demand in the three-day bidding window as it was booked more than 146 times across categories. The share allotment status of BCCL IPO will be finalised today on January 14.

BCCL IPO Allotment Status

Applicants who have placed bids for BCCL IPO will be able check the share allotment status of their application on the registrar Kfin Technologies website. Once the basis of allotment is finalised, applicants can see the status of their applications via the websites of the BSE and NSE:

How To View BCCL IPO Allotment On NSE

• Head to the NSE website by entering this link in your browser https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Choose ‘Equity IPO bid details’

• Select 'BCCL' from the list of IPOs

• Type in your IPO application number

• Click the 'submit' button

• Your share allocation status will be shown on your screen

How To Check BCCL IPO Allotment Status On BSE Website

• Visit BSE’s IPO application status viewing webpage

• https://bseindia.com/investors/appli_check.aspx.

• Different issue types will be shown on your screen

• Choose ‘Equity’ from the menu shown on screen

• Select ' BCCL' from list of IPOs

• Input your IPO application number or PAN details

• Select 'Search'

• Your share allocation status will be shown on your screen

How to View BCCL IPO Share Allocation Status On Kfin Technologies

• Go to the Kfintech IPO Status page.

• Choose BCCL IPO from the dropdown list.

• Select a Query Type (PAN, Application Number, or DP ID/Client ID).

• Type in your details based on the chosen query type.

• Complete the Captcha verification and click Submit.

• If "Allotted" is displayed, you will see the number of shares assigned to you.

• If "Not Allotted" is displayed, your blocked funds will be released by your bank.

BCCL IPO GMP

BCCL shares are trading on the grey market with a premium of Rs 13.4 per share prior to the finalisation of allotment. The grey market premium (GMP) for BCCL unlisted shares hints at a decent D-street debut at Rs 36.4 apiece with a premium of 58.26 per cent as per websites which track the demand for unlisted shares in the grey market.

BCCL IPO Subscription Status

BCCL IPO was booked 146.87 times on January 13. Cumulatively, investors applied for over 50.95 billion shares against the 346.9 million shares offered for subscription. BCCL IPO was subscribed 49.33 times in the retail category as investors placed bids for over 6.83 billion shares against the 138.49 million shares set aside for the category.

Non-institutional investors (NIIs) applied for over 15.32 billion shares of BCCL compared to the 59.3 million offered for subscription for the category, leading to the mainboard issue being booked 258.16 times.

Qualified institutional buyers (QIBs) oversubscribed their quota in the BCCL IPO 310.81 times. QIB investors placed bids for over 24.60 billion shares compared to the 79.1 million shares reserved for them.

Shareholders of Coal India booked their quota 87.29 times as they bid for 4.06 billion shares compared to 46.50 million shares offered to them for bidding. Employees of the state owned coal producer placed bids for 120.5 million shares against the 23.2 million shares set aside for them, booking their quota 5.18 times.

BCCL IPO Details

BCCL IPO was worth Rs 1,071.11 crore. The coking coal producer’s public issue comprised an offer-for-sale of 465.7 million shares. BCCL IPO price band was fixed at Rs 21 to Rs 23 per share. The minimum lot size for retail individual investors interested in applying for BCCL IPO was fixed at 1 lot or 600 shares aggregating to an investment of Rs 13,800.

BCCL IPO Listing Date

Once the basis of allotment for BCCL IPO is finalised on January 14, refunds will be initiated for unsuccessful bidders on January 15. The coking coal producer’s shares will list on the NSE and BSE. BCCL shares will make their Dalal Street debut on January 16.