Bharat Coking Coal IPO Listing Date Changed: BMC Elections Impact 146.8x Subscribed Issue

• Bharat Coking Coal Limited (BCCL) IPO listing moved from January 16 to January 19.
• The change is due to the Brihanmumbai Municipal Corporation (BMC) election results declaration on January 16, 2026.
• The ₹1,071 crore IPO was subscribed an impressive 146.8 times, with institutional investors leading at 310.8 times.
• Retail investors subscribed 49 times, employees 5 times, and shareholders 87 times, indicating high demand.
• Grey Market Premium (GMP) is ₹10.6, suggesting a 46% premium over the ₹23 issue price, hinting at a strong listing.

Why It Matters: Bharat Coking Coal IPO listing delayed due to BMC elections, despite massive 146.8x oversubscription.