Coal India's SECL files DRHP for an IPO that is a pure offer for sale of up to 66.81 crore shares. SECL gets no proceeds; the cash accrues to $COALINDIA as selling shareholder. This is a parent-level

What happened: South Eastern Coalfields filed a DRHP with SEBI for an IPO that is entirely an offer for sale, with Coal India offloading 66.8 crore shares. SECL will not receive any proceeds from the offering. Key numbers: Face value Rs 2 per share. FY26 production 176.29 million tonnes, 16.94% of India's total coal production. Why it matters: The issue is structured as a pure OFS, so proceeds accrue to selling shareholder Coal India rather than the company. Allocation reserves not more than 50% for QIBs, not less than 15% for NIIs and 35% for retail investors.

South Eastern Coalfields filed a DRHP with SEBI for an IPO that is entirely an offer for sale, with Coal India offloading 66.8 crore shares. SECL will not receive any proceeds from the offering.

The issue is structured as a pure OFS, so proceeds accrue to selling shareholder Coal India rather than the company. Allocation reserves not more than 50% for QIBs, not less than 15% for NIIs and 35% for retail investors.