Will Bharat Coking Coal shares list on Jan 16 amid stock market, settlement holiday this week or be postponed?

Bharat Coking Coal IPO GMP rises amid robust subscription b y investors.

• BCCL IPO sees strong demand, subscribed 34 times on day 2.
• Listing date uncertain as markets shut on January 15 for Maharashtra elections.
• BCCL shares are commanding a 47 percent premium in the grey market.

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Uncertainty has emerged over the listing date of Bharat Coking Coal Ltd (BCCL) shares as domestic equity markets will remain shut on Thursday, January 15, on account of municipal corporation elections in Maharashtra.

The initial public offering (IPO) of Bharat Coking Coal Ltd will close for subscription on Tuesday, after opening on January 9 for a total issue size of Rs 1,071 crore. 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 Thursday, January 15. However, the day has now been declared a stock market holiday.

According to the latest notification, trading in equities, equity derivatives, securities lending and borrowing, currency derivatives and interest rate derivatives will remain suspended on both the BSE and the NSE on that day. The commodity derivatives segment will also remain closed in the morning session.

January 15 will also be a settlement holiday, a non-working day for banks.

Investors are now awaiting clarification from the stock exchanges or from Bharat Coking Coal Ltd on the revised schedule.

In all likelihood, Monday (Jan 19) will be the listing date of Bharat Coking Coal, an IPO expert told Moneycontrol while there is no official confirmation.

The uncertainty comes as the IPO witnessed strong demand. The issue was subscribed 34 times on the second day of bidding, driven by interest from retail, non-institutional and existing shareholder investor categories. It was subscribed 8.09 times on the first day of bidding on Friday.

Ahead of the issue opening, the company raised Rs 273.1 crore from anchor investors.

Bharat Coking Coal IPO GMP Today Price

According to grey market trackers, the shares are commanding a premium of around 47 percent. Investorgain has quoted a grey market premium (GMP) of Rs 10.85, indicating a potential listing gain of about 47.17 percent, while IPO Watch has quoted a GMP of 47 percent.

Bharat Coking Coal Ltd is the country’s largest producer of coking coal, accounting for about 58.5 percent of domestic coking coal output in FY25. It is a wholly owned subsidiary of Coal India Ltd and holds estimated coal reserves of about 7,910 million tonnes.

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