Bharat Coking Coal IPO Oversubscribed; Listing Postponed to January 19, GMP Indicates Gains

Bharat Coking Coal Limited (BCCL), a Coal India subsidiary, received overwhelming investor interest in its IPO, which was oversubscribed nearly 147 times. The IPO raised ₹1,071.11 crore entirely through an offer for sale of 46.57 crore shares at ₹23 each. The listing, initially scheduled for January 16, 2026, was postponed to January 19 due to Mumbai BMC elections. Grey market premiums indicate potential listing gains of around 61%, with shares trading near ₹37, reflecting strong market sentiment ahead of the debut on BSE and NSE.