Coal India Share Price Surges Over 4%; SECL Files DRHP for IPO With Up to 66.8 Crore Shares

Written by: Team Angel OneUpdated on: 2 Nov 2026, 7:46 pm IST

Coal India's subsidiary SECL has filed its DRHP for an IPO comprising an offer for sale of up to 66.8 crore shares.

Coal India's wholly owned subsidiary, South Eastern Coalfields Limited (SECL), has taken a step towards its proposed initial public offering (IPO). The company filed its draft red herring prospectus (DRHP) with SEBI, BSE and NSE on November 1, 2026.

The proposed issue will be an offer for sale by Coal India, which plans to sell up to 66.81 crore shares held in SECL.

IPO to Be Entirely an Offer for Sale

According to Coal India's exchange filing dated November 2, the proposed IPO will comprise up to 668,056,100 equity shares, each with a face value of ₹2.

The shares are held by Coal India, SECL's parent company. This means the proposed offer is structured as an offer for sale (OFS), rather than a fresh issue of shares by SECL.

IPO Subject to Approvals and Market Conditions

The DRHP has been submitted to SEBI, BSE and NSE. However, the filing does not mean the IPO has received final approval or that the issue is ready to open.

Coal India stated that the proposed offering remains subject to the necessary approvals, market conditions and other relevant considerations. The filing does not provide an IPO opening date, price band or issue valuation.

As of November 02, 2026, at 1:29 PM, Coal India share price was trading at ₹406.20 per share, reflecting a 4.42% surge from previous closing price.

Conclusion

SECL's DRHP filing moves its proposed IPO forward, with Coal India planning to offer up to 66.81 crore shares through an OFS. The next steps will depend on the required approvals and market conditions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Nov 2, 2026, 2:16 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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