Bharat Coking Coal Limited (BCCL IPO), a key subsidiary of Coal India, saw its highly anticipated IPO listing postponed from January 16 to January 19, 2026. Due to the Brihanmumbai Municipal Corporation (BMC) elections clashing with market operations. The Rs 1,071 crore public issue, which opened for bidding on January 10 and closed January 13, achieved massive oversubscription at 146.80 times, driven by strong institutional demand (310.80 times) amid robust grey market premiums signaling up to 46% gains.
Retail investors subscribed 45.20 times their quota, non-institutional 120.50 times, and qualified institutional buyers overwhelmingly at 310.80 times, reflecting confidence in BCCL’s coking coal dominance and expansion plans like new washeries. Anchor investors, including LIC and global funds, poured in Rs 273 crore pre-IPO.
The original schedule for the BCCL IPO listing was set for January 16, 2026, following the issue opening on January 9 and closing on January 13, with allotment on January 14 and share credit/refunds on January 15. Due to the Brihanmumbai Municipal Corporation (BMC) elections on January 16 coinciding with market holidays including Makar Sankranti on January 15, the listing has been postponed to January 19, 2026, on BSE and NSE.
Allotment was finalized on January 14 as planned, with refunds and demat credits proceeding on January 15-17 to align with the new debut, avoiding election-related volatility.