Coal India files DRHP for subsidiary MCL IPO via Offer for Sale

Capital Market Events View source PDF Explain this filing

COALINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.5%Reaction day

₹402.40

prior close

₹417.00

announcement price

In-mkt

timing

Nifty 100market-0.5%+3.9% vs market

Oil Gas & Consumable Fuels peers, median of 39sector · sector level+0.6%+2.9% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty 100 and 2.9 pts more than its Oil Gas & Consumable Fuels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.4

15m

+0.5

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.5-0.5+3.9+0.6+2.9

Next day

+4.0-0.6+4.6+1.2+2.8

+2.9-0.5+3.4+2.4+0.5

+3.6-1.0+4.6+1.9+1.7

+4.4-1.4+5.8+1.9+2.6

+7.1-2.1+9.2+1.8+5.3

+6.0-2.4+8.4+1.5+4.4

15d

+4.8-3.7+8.6-0.7+5.5

+5.6-6.0+11.7-3.3+8.9

—————

UpDownMarket · Nifty 100Sector · Oil Gas & Consumable Fuels peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Coal India has filed the draft red herring prospectus for an IPO of its wholly owned subsidiary Mahanadi Coalfields Limited. The proposed IPO is entirely an Offer for Sale of up to about 66.18 crore equity shares of face value Rs 2 each, held by Coal India. No fresh equity will be issued by MCL. The DRHP was filed with SEBI, BSE and NSE on September 1, 2026, and remains subject to applicable approvals and market conditions.

Likely market impact

Positive for value unlocking. CIL shareholders may benefit if MCL lists at a premium, though subject to approvals and market conditions.