MAHANADI COALFIELDS IPO: Coal India Files RHP for Proposed

Mahanadi Coalfields Limited (MCL), a wholly owned arm of Coal India Limited, has submitted its Red Herring Prospectus (RHP) for the proposed IPO, which is expected to mobilise approximately ₹9,500 crore. KEY IPO HIGHLIGHTS 🔹 RHP Submission: The company filed its prospectus on November 13 with the Registrar of Companies (RoC), SEBI, BSE and NSE. 🔹 Issue Structure: The proposed IPO will be entirely structured as an Offer for Sale (OFS), with Coal India serving as the selling shareholder. 🔹 Stake Dilution: Coal India intends to offload up to 66.18 crore equity shares through the public offering. 🔹 Shareholding Pattern: MCL presently operates as a wholly owned subsidiary of Coal India Limited. IPO OUTLOOK The proposed stock market listing is expected to unlock the value of Mahanadi Coalfields and provide market participants with an opportunity to gain exposure to the company's equity. The OFS will also enable Coal India to monetise a portion of its holding through stake dilution. #MahanadiCoalfields #MCLIPO #CoalIndia #IPOUpdate #UpcomingIPO #PrimaryMarket #StockMarket #IndianStockMarket Disclaimer: Investment in the securities market is subject to market risks. Read all related documents carefully before investing.