Bharat Coking Coal IPO Listing Delayed to Jan 19 Due to BMC Elections

• Bharat Coking Coal Ltd. IPO listing postponed from January 16 to January 19.
• The delay is attributed to the Brihanmumbai Municipal Corporation (BMC) elections, with results due January 16, 2026.
• The ₹1,071 crore IPO was subscribed 146.8 times, receiving bids for 5,093 crore shares against an offer size of 34.69 crore shares.
• Institutional investors led the subscription at 310.8 times, while retail investors subscribed nearly 49 times their quota.
• The strong demand and a grey market premium of ₹10.6 (46% over issue price of ₹23) suggest a robust listing for the coking coal producer.

Why It Matters: Bharat Coking Coal IPO listing is delayed to Jan 19 due to BMC elections, with strong subscription indicating robust debut.