IPO & listingMint
Mahanadi Coalfields IPO: Coal India subsidiary files RHP - Latest GMP at Rs 12.5; check key dates, size, valuation, more
Positive+53
GreyOak summary
Mahanadi Coalfields Ltd (MCL), a Coal India subsidiary, filed its Red Herring Prospectus for an IPO scheduled to open on November 19, 2026. Coal India plans to divest up to 10% of its holding via an offer for sale of 66.18 crore shares. The expected valuation is up to $10 billion, with a reported grey market premium of Rs 12.5 per share.
What it affects
- Coal IndiaCOALINDIAPositive +53
Selling stake via IPO to unlock value.Rolling sentiment Positive +19
Source
Read the original at MintMore Coal India news
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