The public offering is scheduled to run from November 19 to November 23, 2026, with an anchor investor bidding round taking place on November 18. Out of the 66.18 crore shares on offer, specific quotas have been reserved for eligible employees and existing Coal India shareholders. Operationally, the company represents a critical energy asset, having generated 218.31 million tonnes of fuel in FY26 to supply the domestic power sector. Going forward, the producer plans to expand its beneficiation capacity and rail infrastructure through FY30.
Key points
All proceeds from the estimated ₹10,000 crore divestment will go directly to Coal India r…: All proceeds from the estimated ₹10,000 crore divestment will go directly to Coal India rather than the subsidiary.
Eligible employees and Coal India shareholders have dedicated reservation portions set as…: Eligible employees and Coal India shareholders have dedicated reservation portions set aside within the public offering.
Tentative share allotment is scheduled for November 25, followed by the expected stock ma…: Tentative share allotment is scheduled for November 25, followed by the expected stock market listing on November 27.
Sources checked by our analysis pipeline: 1
Mahanadi Coalfields IPO: Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has filed its Red Herring Prospectus (RHP) for its proposed initial public offering, bringing the public issue closer to launch. The IPO will give investors an opportunity to buy into one of India's largest coal producers, while allowing Coal India to unlock value from the subsidiary through a partial stake sale.
Coal India disclosed the development in an exchange filing on Saturday, November 14. It said, “the Red Herring Prospectus (RHP) dated 13th November, 2026 of Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India Limited, was filed with RoC, SEBI, BSE and NSE.”
The IPO is scheduled to open on November 19.
Coal India plans to divest up to 10% of its holding through an initial public offering comprising 66.18 crore shares.
The IPO is part of Coal India's strategy to unlock value through subsidiary listings. Bharat Coking Coal was listed in January 2026 and Central Mine Planning & Design Institute in March. South Eastern Coalfields has also filed draft IPO papers and is awaiting SEBI approval.
The Bank of England is likely to raise interest rates further in 2027, according to comments made by Huw Pill to the Financial Times. Pill's assessment points to potential continued monetary policy tightening by the central bank looking ahead to that year.
Sheetal Cool Products Limited has proposed dual corporate actions to reward shareholders following sustained market gains. The board's recommendations require member and regulatory approvals before taking effect. These measures will significantly increase the total share count once the forthcoming record dates are established.
The unexpected contract termination by the Saudi Water Authority eliminates a significant ₹2,400 crore international mandate, marking the firm's second client-driven project loss in the kingdom within a year. Despite the operational setback, the water treatment specialist retains strong multi-year revenue visibility through a massive backlog and robust quarterly profitability. Market analysts continue to project substantial upside, backed by healthy balance sheet cash reserves and steady corporate earnings growth.