Bharat Coking Coal IPO Allotment Finalized; Listing Postponed to January 19

The Bharat Coking Coal IPO, priced at Rs 23 per share, attracted strong investor interest with a subscription nearly 144 times and bids worth over Rs 1.17 lakh crore. The share allotment was finalized on January 14, with refunds and share credits scheduled for January 16 due to a stock market holiday on January 15. The IPO listing, initially set for January 16, has been postponed to January 19 because of municipal elections in Maharashtra. The grey market premium remains robust around Rs 13-16, indicating expected listing gains of approximately 60%.