Bharat Coking Coal IPO Listing Date Changed Due to BMC Elections
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CNBC Awaaz•14-01-2026, 14:41
Bharat Coking Coal IPO Listing Date Changed Due to BMC Elections
- •Bharat Coking Coal Limited (BCCL) IPO listing date shifted from January 16 to January 19.
- •The change is attributed to the Brihanmumbai Municipal Corporation (BMC) elections, with results declared on January 16, 2026.
- •The ₹1,071 crore IPO was subscribed an impressive 146.8 times, with institutional investors subscribing 310.8 times.
- •Retail investors subscribed 49 times, employees 5 times, and shareholders 87 times, indicating high demand.
- •The IPO received about 90 lakh applications, and its Grey Market Premium (GMP) suggests a 46% premium over the ₹23 issue price.
Why It Matters: BCCL IPO listing postponed to January 19 due to BMC elections, after being oversubscribed 146.8 times.
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