Coal India Limited (CIL) has announced the filing of the Draft Red Herring Prospectus (DRHP) for its wholly-owned subsidiary, South Eastern Coalfields Limited (SECL). The DRHP, dated November 1, 2026, pertains to SECL’s proposed Initial Public Offering (IPO). The IPO aims to offer up to 668,056,100 equity shares of INR 2 face value, held by CIL. The successful execution of this IPO is subject to regulatory approvals and prevailing market conditions.
SECL Initiates IPO Process
Coal India Limited (CIL) has officially commenced the process for its subsidiary, South Eastern Coalfields Limited (SECL), to go public. The company has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), alongside the stock exchanges (BSE and NSE). This filing marks a significant step towards SECL’s Initial Public Offering (IPO).
Details of the Proposed IPO
The DRHP, dated November 1, 2026, outlines the proposed IPO details for SECL. CIL plans to divest a portion of its stake by offering up to 668,056,100 equity shares. Each of these shares has a face value of INR 2. This potential offering represents a strategic move for CIL to unlock value and potentially raise capital through its subsidiary.
Market Conditions and Approvals
It is important to note that the proposed IPO is contingent upon receiving all necessary regulatory approvals and favorable prevailing market conditions. CIL has made this disclosure to ensure transparency and compliance with the SEBI (LODR) Regulations, 2015, providing material information to stakeholders.
Source: BSE
