If you’re one of the millions who applied for the Bharat Coking Coal (BCCL) IPO, you’re going to have to sit tight for a few more days. The stock was supposed to hit the exchanges this Friday, but thanks to the Maharashtra municipal elections today (January 15, 2026), everything has been shifted.
The thing is, because the BSE and NSE are both headquartered in Mumbai, the entire market is closed today. Or nothing. Let’s be real, you can’t list a stock when the exchange itself is out voting for local corporators. Those too. While the allotment was finalized yesterday on January 14, the actual “ring the bell” moment is now pushed to next week.
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The “BCCL IPO” Revised Log: Field Notes
It’s an ongoing situation where the record-breaking demand (we’re talking 90.31 lakh applications) has to wait for a public holiday to clear.
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The New Schedule: Allotment happened yesterday. The thing is, if you didn’t get shares, your refund process starts tomorrow, January 16. And here’s the kicker—the listing isn’t happening until Monday, January 19.
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The Demand was Insane: This ₹1,071 crore issue saw bids worth over ₹1.1 lakh crore. The thing is, it was subscribed over 146 times. People really want a piece of India’s largest coking coal producer.
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The “Grey Market” Heat: Even with the delay, the buzz hasn’t died down. The GMP (Grey Market Premium) is hovering around ₹13.50 to ₹14. The thing is, that implies a listing price of roughly ₹37—a massive 60% premium over the ₹23 issue price.
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Check Your Status: If you haven’t checked yet, go to the KFin Technologies website. The thing is, with 90 lakh applicants, the site was a bit “messy” last night, but it’s running smoother now.
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BCCL IPO: Revised Timeline (Jan 2026)
| Event | Original Date | Revised Date |
| Basis of Allotment | Jan 14, 2026 | Jan 14, 2026 (Finalized) |
| Initiation of Refunds | Jan 15, 2026 | Jan 16, 2026 |
| Credit of Shares | Jan 15, 2026 | Jan 16, 2026 |
| IPO Listing Date | Jan 16, 2026 | Jan 19, 2026 (Monday) |
And Here’s the Kicker…
The delay might actually be a blessing for the listing price. The thing is, the market mood today is slightly jittery because of the civic polls, but by Monday, the focus will be back on fundamentals. BCCL has almost a monopoly on prime coking coal used in steel-making.
It’s an ongoing situation where retail investors only got about 1 out of every 50 applications filled because it was so oversubscribed. If you actually got an allotment, you’re basically holding a “lottery ticket” that looks ready to pop by 10:00 AM on Monday.
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