Bharat Coking Coal IPO allotment finalised on registrar KFin Tech; here's when to expect refund initiation, credit of shares

Bharat Coking Coal IPO allotment status finalised on registrar KFin Tech.

• Bharat Coking Coal IPO allotment finalised; check status on KFin Technologies site.
• IPO subscribed 147 times, listing on January 19.
• Share credit and refunds now scheduled for January 16.

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The share allotment for the Bharat Coking Coal initial public offering (IPO) has been finalised, and applicants can check their status on the website of the registrar, KFin Technologies Ltd.

The issue, which was open for subscription from January 9-13, received strong investor response and was subscribed 147 times.

The Rs 1,071-crore IPO was offered in a price band of Rs 21 to Rs 23 per share.

Applicants can check their allotment status by entering their application number or PAN on the registrar’s website. The status will also be available on the websites of the BSE and the NSE.

How to check Bharat Coking Coal IPO allotment status on registrar, NSE & BSE

Addtionally, the listing of Bharat Coking Coal shares has been postponed to January 19, as domestic equity markets remained closed on Thursday, January 15, due to municipal corporation elections in Maharashtra.

Earlier, the credit of shares to demat accounts and initiation of refunds were scheduled for January 15. However, the day was declared a stock market holiday. The credit of shares and refunds are now scheduled for January 16.

Trading in equities, equity derivatives, securities lending and borrowing, currency derivatives and interest rate derivatives will remain closed on both the BSE and the NSE on that day. The commodity derivatives segment will also remain closed during the morning session. January 15 is also a settlement holiday and a non-working day for banks.

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Bharat Coking Coal IPO GMP Today Price 

According to platforms tracking the grey market activities, the shares of Bharat Coking Coal are commanding a GMP of nearly 60 percent in the unofficial market. Investorgain quoted a GMP of Rs 13.5 for the shares of the company, indicating a listing gain of 58.7 percent. Meanwhile, IPO Watch quoted a GMP of 43.48 percent.

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