Bharat Coking Coal IPO Listing in Doubt: Stock Market Holiday Creates Confusion

• Bharat Coking Coal IPO listing on January 16 faces uncertainty due to a stock market holiday on January 15 for Maharashtra municipal elections.
• The original schedule had demat credit and refunds slated for January 15, which is now a non-trading day for all segments.
• Despite the confusion, the IPO received tremendous investor response, subscribed 34 times by day two, with strong demand across categories.
• Grey Market Premium (GMP) indicates a potential listing gain of around 44%, with shares trading at approximately ₹10.30 premium.
• Bharat Coking Coal Ltd, a Coal India subsidiary, is India's largest coking coal producer, holding 58.5% of domestic production in FY25.

Why It Matters: Bharat Coking Coal IPO listing faces delay due to market holiday, despite strong investor demand and GMP.