Coal India Subsidiary Mahanadi Coalfields Files RHP for IPO

On November 14, 2026, Coal India Limited (CIL) informed the stock exchanges that its wholly owned subsidiary, Mahanadi Coalfields Limited (MCL), has filed its Red Herring Prospectus (RHP) dated November 13, 2026, with the Registrar of Companies (RoC), SEBI, BSE, and NSE. 

Key Details of the Mahanadi Coalfields IPO Filing 

The regulatory disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposed initial public offering (IPO) consists entirely of an Offer for Sale (OFS) by the parent company, Coal India Limited. 

• Issuing Entity: Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India Limited.
• RHP Filing Date: November 13, 2026 (disclosed to exchanges on November 14, 2026).
• Issue Structure: Offer for Sale (OFS) of up to 66,18,36,300 equity shares by Coal India Limited.
• Regulatory Filings: Submitted to RoC, SEBI, BSE, and NSE. 

Read More: Hindustan Coca-Cola Holdings IPO; Files DRHP for Proposed 2027 Listing! 

Regulatory and Market Conditions 

Coal India Limited stated that the proposed initial public offering remains subject to the receipt of applicable regulatory approvals, prevailing market conditions, and other relevant considerations. 

Conclusion 

Mahanadi Coalfields Limited has taken a key step toward its public listing by filing its Red Herring Prospectus with SEBI and the stock exchanges for an offer for sale of up to 661,836,300 equity shares by Coal India Limited. 

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