Mahanadi Coalfields Limited
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Mahanadi Coalfields Limited's presents an investment opportunity through its forthcoming IPO with a total issue size of 66,18,36,300 Shares. The fresh issue ofTBD aims to strengthen the company's financial position.
The indicative price range of TBD per share and minimum lot size ofTBD have been designed to accommodate varying investment capacities while ensuring broad market participation.
The subscription period is scheduled from Nov 30, 2026 to Dec 02, 2026. Post- subscription, the allotment process will conclude on Dec 04, 2026, with the official listing ceremony expected on Dec 07, 2026 at the NSE, BSE exchange.
Mahanadi Coalfields Limited (MCL) was incorporated on 3 April 1992 and is headquartered in Odisha, India. It is a subsidiary of Coal India Limited and operates primarily in the Talcher and Ib Valley coalfields. The company is engaged in the exploration, extraction, production and supply of non-coking coal, including washed and beneficiated coal. Its customers include power generation companies, independent power producers, captive power plants, cement manufacturers and sponge iron industries. MCL produced approximately 218.31 million tonnes of coal in FY2026, accounting for around 22.4% of India's total non-coking coal production.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- One of India's largest coal producers by production volume.
- Wholly owned subsidiary of Coal India Limited.
- Strong government-backed business and established operations.
- Large coal resource base in Talcher and Ib Valley.
- 17 operational mines, including 14 opencast and 3 underground mines.
- Established railway and coal transportation infrastructure.
- Long-term demand from power generation and industrial sectors.
- Miniratna Category I status.
- Large audited coal reserves supporting long-term production.
- Significant dependence on coal and thermal power demand.
- Environmental regulations and decarbonisation policies may affect long-term business.
- Government policies and mining approvals can affect operations.
- Coal transportation depends heavily on railway infrastructure.
- Mining operations involve worker safety and environmental risks.
- Exposure to changes in coal prices and production costs.
- Entire IPO is OFS, so the company receives no IPO proceeds.
- Dependence on large institutional and power-sector customers.
Coal India Limited (CIL) (Holding company)
President of India (acting through the Ministry of Coal, Government of India)
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