Mahanadi Coalfields IPO: Coal India to Sell Up to 10% Stake

COALINDIA Limited is planning to divest up to 10% of its shareholding in its wholly owned subsidiary, Mahanadi Coalfields Limited (MCL), through an upcoming Initial Public Offering (IPO). The proposed public issue has received clearance from the Securities and Exchange Board of India (SEBI). KEY IPO DETAILS 🔹 Issue Size: The IPO will comprise an Offer for Sale (OFS) of up to 66.18 crore equity shares. 🔹 Stake Dilution: Coal India, the parent company, intends to sell shares representing up to 10% of its holding in Mahanadi Coalfields. 🔹 Regulatory Clearance: SEBI issued its final observations on the draft offer document on November 4, 2026. 🔹 Listing Plans: The IPO will follow the book-building mechanism, with the shares proposed to be listed on NSE and BSE. 🔹 Fund Allocation: Since the offering is entirely an OFS, Mahanadi Coalfields will not receive any proceeds. The entire amount raised will go to Coal India. 🔹 QIB Reservation: Up to 50% of the net offer has been proposed to be reserved for Qualified Institutional Buyers (QIBs). IPO UPDATE The IPO launch schedule, subscription dates and price band are yet to be disclosed by the company. #MahanadiCoalfields #CoalIndia #MCLIPO #IPOUpdate #StockMarketNews #IndianStockMarket #SEBI #NSE #BSE Disclaimer: Investments in the securities market are subject to market risks. Read all related documents carefully before investing.