India's Next Billion-Dollar IPO? Coal India subsidiary Mahanadi Coalfields in line after Jio, NSE - key things to know

What happened: Coal India subsidiary Mahanadi Coalfields is preparing a proposed IPO of up to $1 billion, entirely an offer for sale, after receiving Sebi observations on November 4. Key numbers: Up to $1 billion raise, about ₹8,300 crore; valuation up to $10 billion; 66.18 crore shares, a 10% stake sold by Coal India; FY26 output 218.31 million tonnes; Q1 FY27 revenue ₹8,033.7 crore, up 6.4%; net Why it matters: The listing would let investors assess India's largest coal producer independently, and the stake sale is part of Coal India's broader plans to unlock value from its subsidiaries.

Coal India subsidiary Mahanadi Coalfields is preparing a proposed IPO of up to $1 billion, entirely an offer for sale, after receiving Sebi observations on November 4.

The listing would let investors assess India's largest coal producer independently, and the stake sale is part of Coal India's broader plans to unlock value from its subsidiaries.