BCCL IPO: Allotment Status Finalized

January 14, 2026 The initial public offering (IPO) of Bharat Coking Coal Limited (BCCL), a major subsidiary of Coal India Limited (CIL), has concluded with an extraordinary response from the Indian primary market. As of January 14, 2026, the focus has shifted entirely to the allotment process, following a subscription spree that saw the issue booked nearly 147 times.

Allotment Status Finalized

The basis of allotment for the BCCL IPO is scheduled to be finalized today, Wednesday, January 14, 2026. Investors who participated in the ₹1,071.11 crore public issue are eagerly checking their status to see if they have been successful in securing shares.

Due to the massive oversubscription—particularly in the Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) categories—the allotment process is highly competitive. For retail investors, who subscribed roughly 49 times, the allotment will be conducted via a lottery system.

How to Check Your Allotment Status

Investors can verify their allotment status online through three primary channels:

1. Registrar’s Website (KFin Technologies): Visit the , select “Bharat Coking Coal Limited” from the dropdown menu, and enter your PAN, Application Number, or DP ID.
2. BSE Official Website: Navigate to the ‘Status of Issue Application’ page, select ‘Equity’ as the issue type, and enter your details.
3. NSE Website: Log in to the NSE IPO allotment page using your PAN and application number.

Bumper Subscription & Market Sentiment

The IPO, which was open from January 9 to January 13, witnessed a “thunderous” response. According to exchange data, the final subscription figures were:

• QIBs: 310.81 times
• NIIs: 258.16 times
• Retail Investors: 49.33 times
• Coal India Shareholders: 87.29 times

This high demand is largely attributed to BCCL’s dominant position as India’s largest producer of metallurgical (coking) coal, accounting for over 58% of the country’s domestic production. Analysts suggest that the attractive price band of ₹21–₹23 left significant “money on the table” for investors.

Grey Market Premium (GMP) and Listing Expectations

The grey market is currently signaling a festive debut for BCCL. As of today, the Grey Market Premium (GMP) is hovering around ₹13.40. Given the upper price band of ₹23, this suggests a potential listing price of ₹36.40—representing a massive 58% premium.

Important Dates for Investors

• Refund Initiation: January 15, 2026 (for unsuccessful bidders)
• Credit of Shares to Demat: January 15, 2026
• Stock Listing Date: January 16, 2026 (BSE & NSE)

The Bottom Line

BCCL’s IPO marks a successful move by Coal India to unlock value in its subsidiaries. As a debt-free company with a near-monopoly in a sector critical to India’s steel and infrastructure growth, BCCL is being viewed as both a strong short-term listing gain play and a solid long-term fundamental bet.