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Coal India Prepares SECL for $800 Million IPO After Mahanadi Coalfields Listing
M
Moneycontrol•26-09-2026, 10:26
Coal India Prepares SECL for $800 Million IPO After Mahanadi Coalfields Listing
- •South Eastern Coalfields Ltd. (SECL), a Coal India unit, has hired banks for an initial public offering in Mumbai aiming to raise up to $800 million.
- •ICICI Securities, SBI Capital Markets, Motilal Oswal Investment Advisors, and IDBI Capital Markets & Securities have been appointed to advise on the share sale.
- •SECL plans to file a draft prospectus as early as December, with parent Coal India expected to sell shares in the offering.
- •This potential listing follows Mahanadi Coalfields Ltd.'s recent draft prospectus filing, as Coal India continues efforts to take subsidiaries public.
- •SECL, one of Coal India's largest subsidiaries, operates 60 coal mines across Chhattisgarh and Madhya Pradesh.
Key Questions Answered
South Eastern Coalfields Ltd. has appointed ICICI Securities Ltd., SBI Capital Markets Ltd., Motilal Oswal Investment Advisors Pvt., and IDBI Capital Markets & Securities Ltd. to advise on its initial public offering in Mumbai.
South Eastern Coalfields aims to file a draft prospectus as early as December and could raise as much as $800 million through the proposed share sale, with market expectations pointing to an offer size of Rs 8,000 to Rs 10,000 crore.
South Eastern Coalfields operates 60 coal mines across central India, with 35 located in the state of Chhattisgarh and the remaining 25 situated in Madhya Pradesh.
