The listing of Bharat Coking Coal Limited IPO has been delayed after stock exchanges announced a trading holiday this week, forcing a change in the original schedule. The IPO, which was slated to list on January 16, will now make its market debut on January 19 on both the BSE and NSE, according to exchange updates.
The delay comes due to the closure of equity markets on January 15 on account of civic elections in Maharashtra. Since settlement and listing processes are closely linked to trading days, the exchanges revised the timeline to avoid operational disruption. Officials clarified that the postponement is procedural and does not reflect any issue with the public issue or the company.
The allotment for the Bharat Coking Coal IPO was finalised on January 14. Refunds to unsuccessful bidders are now expected to be initiated on January 16, with shares credited to successful applicants’ demat accounts the same day or by January 17. Investors can check allotment status through the registrar’s website or the stock exchange portals.
The IPO, a government backed offering and a subsidiary of Coal India, saw strong demand across investor categories during its subscription window. Market participants said the issue received robust interest from retail as well as institutional buyers, driven by the company’s strategic importance in the steel supply chain and its steady financial profile.
In the unofficial market, the grey market premium for the Bharat Coking Coal IPO has remained firm despite the delay, reflecting expectations of a healthy listing. Traders said the extra days before listing could help stabilise broader market sentiment, which has been volatile in recent sessions.
With the revised listing date now set, investor focus will shift to market conditions on January 19 and opening price discovery. Analysts said listing performance will depend not only on demand but also on overall cues from global and domestic markets on the day of debut.
