The much-anticipated Bharat Coking Coal (BCCL) IPO has seen a small delay in its listing date.
Initially scheduled for January 16, 2026, the IPO will now list on the stock exchanges on January 19, 2026.
Many investors may wonder if this is a cause for concern.
The good news is it’s purely procedural and has nothing to do with investor demand or the company’s performance.
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Why the BCCL IPO Listing Date Changed
The change comes due to the Brihanmumbai Municipal Corporation elections in Maharashtra.
Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are based in Mumbai, and a state-wide public holiday on January 15 affects trading, settlement, and clearing operations.
To avoid disruption, the stock exchanges revised the IPO timetable and pushed the listing by three days.
This is a standard precautionary step and does not indicate any problem with the IPO itself.
Allotment Completed, What Investors Should Know
The share allotment was completed on January 14.
Investors can now check their allotment status on the websites of BSE, NSE, or KFIN Technologies, the registrar for the IPO.
Allotted investors: Shares will be credited to demat accounts according to the revised schedule.
Non-allotted investors: Refunds are being processed.
It’s important to note that the new listing date does not affect allotment results, application prices, or eligibility.
Grey Market and Investor Interest
In the grey market, BCCL shares are trading at a premium of around ₹14 over the issue price of ₹23, suggesting a possible listing price near ₹37, nearly 60% above the upper price band.
However, grey market prices are unofficial indicators and can fluctuate quickly.
The IPO itself saw massive demand across all investor categories:
Subscribed 143.85 times overall
Retail portion subscribed 49.37 times
Qualified Institutional Buyers (QIBs) showed the highest interest, bidding 310.81 times their allocation
Non-Institutional Investors (NIIs) subscribed 240.49 times
What Investors Should Focus On Next
With allotment complete, all eyes are now on January 19, the official listing day.
short delay doesn’t change the strong investor interest seen during the subscription period.
Bharat Coking Coal is a subsidiary of Coal India and plays a critical role in India’s steel industry as the largest producer of coking coal.
Its vast operations and solid resource base make it an attractive stock for investors, and the strong subscription numbers reflect this confidence.