The listing of shares of Bharat Coking Coal has been postponed to January 19 as domestic equity markets will remain closed on Thursday, January 15, due to municipal corporation elections in Maharashtra, CNBC-TV18 reported.
The Rs 1,071-crore initial public offering (IPO) of the company was subscribed 147 times on the final day of bidding on Tuesday, driven by strong investor participation.
The basis of allotment is likely to be finalised on January 14.
Earlier, the credit of shares to demat accounts and refunds was scheduled for January 15. However, the day has now been declared a stock market holiday.
Trading in equities, equity derivatives, securities lending and borrowing, currency derivatives and interest rate derivatives will remain closed on both the BSE and the NSE on that day. The commodity derivatives segment will also remain closed in the morning session.
The weekly expiry of BSE equity derivatives contracts has been advanced to January 14 from January 15.
January 15 will also be a settlement holiday and a non-working day for banks.
The IPO was fully subscribed within minutes of opening for bidding on Friday.
The company earlier mobilised over Rs 273 crore from anchor investors. The IPO is the first mainboard issue of 2026.
The price band for the issue was fixed at Rs 21-23 per share, valuing the company at over Rs 10,700 crore at the upper end.
Meanwhile, the polling for the 2,869 seats spread across 893 wards will begin at 7.30 am and conclude at 5.30 pm on January 15 in Maharashtra. A total of 3.48 crore voters are eligible to decide the fate of 15,931 candidates, including 1,700 in Mumbai and 1,166 in Pune.
Counting of votes will take place on January 16.
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