Bharat Coking Coal IPO Subscribed 147 Times; Allotment Expected, Listing Deferred to January 19

Bharat Coking Coal Ltd's IPO, a Rs 1,071 crore offer-for-sale by Coal India, closed with a record subscription of nearly 147 times across investor categories. The IPO attracted bids worth over Rs 1.1 lakh crore, with strong demand from qualified institutional buyers, non-institutional investors, and retail investors. The allotment status is expected on January 14, with shares initially scheduled to list on January 16, but listing has been postponed to January 19 due to Maharashtra civic elections. The grey market premium indicates potential listing gains around 58 percent.