Bharat Cooking Coal or BCCL has come up with the allotment where the last date was 13th, and the allotment came today morning. It was one of the heavily subscribed IPO in the recent times. If you see the subscription, the retail is subscribed 49 times whereas the shareholder quota is subscribed 87 times.
PC: Chiitorgarh.com
If you had Coal India shares then you can apply for the shareholder quota too. So for this IPO I have applied 4 Retail Lot whereas 2 ShareHolder quota. In the shareholder quota, I have applied the maximum lot that is 14 lots. Even after these many subscription I have not received single allotment. And that's OK, because in the overly subscribed IPO, it's all about the luck. If your luck is good then you can get the IPO whereas if your luck is not that great, then even if you apply for so many lots, you might not get.
Even though I have not got the IPO but I am thinking of adding some quantity at the listing time. This is because it is the subsidy of Coal India which is a very good company and has a great track record. So being a subsidy, it might be good too. And Cooking company will go up as well as it can give good dividend too. And if you are not trying to keep it for the long term, then also you can get profits when you intraday.
So even though I have not got the IPO, I am trying to get this company at the listing date.
