Bharat Coking Coal IPO Listing Postponed to January 19 Due to BMC Elections

According to a news report, Bharat Coking Coal Limited (BCCL) has postponed its IPO listing date to January 19, 2026, due to the upcoming Brihanmumbai Municipal Corporation (BMC) elections. The allotment status has been scheduled for release on January 14, 2026. 

Why BCCL IPO Listing Date Has Been Postponed?  

The ₹1,071 crore IPO of BCCL, which closed on January 13, 2026, saw high demand from all investor categories. Initially expected to list earlier, the shares shall now debut on the exchanges on January 19, 2026. This change has been attributed to the ongoing BMC elections.  

Investors can check their allotment status through BSE, NSE, or KFin Technologies Ltd—the IPO registrar. 

Strong Subscription Across Categories for BCCL IPO 

The IPO was subscribed 146.80 times overall. Qualified Institutional Buyers (QIBs) subscribed 310.81 times, Non-Institutional Investors (NIIs) 258.02 times, and Retail Individual Investors 49.25 times. The shareholders’ and employees’ categories were subscribed 87.20 times and 5.17 times, respectively. 

IPO Offer Details 

The issue, which is an offer-for-sale by Coal India, had a price range of ₹21 to ₹23 per share with a minimum lot of 600 shares.  

Read More: How to Check Bharat Coking Coal IPO Allotment Status Scheduled for Today January 14?! 

Operational and Financial Insights 

As of September 30, 2025, the company had 507 operational mining equipment, including 1 dragline, 65 shovels, 278 dumpers, 89 dozers and 74 drills. Underground operations included 38 side discharge loaders, 1 longwall package and 3 miner bolters. BCCL outsources 84% of its coal extraction operations and derives 84–89% of revenue from top 10 customers, primarily PSUs. 

High ash content has led to 74% of coking coal being used for power generation. EBITDA margins have shown fluctuations between 3.9% and 14.7%, with margin compression noted in 1HFY26. Regulatory compliance and evolving environmental norms may impose additional cost burdens on operations. 

Conclusion 

The IPO listing of BCCL has been deferred to January 19, 2026, due to civic elections in Mumbai.  

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