Bharat Coking Coal Limited's IPO listing has been rescheduled to January 19 due to BMC election results, with grey market premium maintaining at 56%. The offering received exceptional response with bids worth over ₹1.17 lakh crore and 147 times subscription. As India's largest coking coal producer with 58.5% market share and 7.91 billion tonnes reserves, the company plays a crucial role in domestic steel sector supply chain.

Bharat Coking Coal IPO Listing Postponed to January 19, Grey Market Premium Holds at 56%

Bharat Coking Coal Limited's IPO Listing Postponed to January 19

The initial public offering (IPO) of Bharat Coking Coal Limited has been delayed, with the new listing date set for January 19.

Grey Market Performance Remains Robust

The grey market premium for Bharat Coking Coal Limited stands at ₹13.65 per share.
With the issue priced at ₹23 per share, this premium suggests an estimated listing price of approximately ₹36.65.
Expected listing gains of around 60.00% reflect continued optimism among investors despite the listing postponement.

Grey Market Premium Details:

Issue Price: ₹23.00 per share
Current GMP: ₹13.65 per share
Expected Listing Price: ₹36.65 per share
Potential Listing Gain: ~60.00%

Overwhelming Subscription Response

The public offering witnessed exceptional investor participation across all categories.

Total Bid Value: Over ₹1.17 lakh crore
Shares Bid: Over 50.93 crore shares
Overall Subscription: ~147 times
Total Applications: Over 90 lakh

The non-institutional investor segment and qualified institutional buyers led the demand, while the shareholder quota also witnessed strong interest.

Strategic Market Position

Bharat Coking Coal Limited holds a dominant position in India's coking coal segment and maintains strategic importance to the steel sector.

As a subsidiary of Coal India, the company plays a critical role in domestic coking coal supply, addressing the structural demand-supply gap in this segment.

Market Outlook

Grey market premiums serve as unofficial indicators and tend to be volatile.

While the high premium signals positive sentiment and expectations of listing gains, the actual listing price will depend on broader market conditions and investor demand on January 19.

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