News ArticleCoal India Subsidiary South Eastern Coalfields Limited Files DRHP for IPO of 668 Million Shares
SECL proposes offer for sale of up to 668,056,100 shares held by Coal India Limited, subject to approvals and market conditions
Coal India Limited announces that its wholly owned subsidiary, South Eastern Coalfields Limited, has filed the draft red herring prospectus with SEBI for an initial public offering of up to 668,056,100 equity shares with a face value of INR 2 each. The IPO is subject to regulatory approvals and market conditions.
Coal India Limited
Corporate Action
Coal India Limited disclosed that its wholly owned subsidiary, South Eastern Coalfields Limited, has filed a draft red herring prospectus with SEBI for a proposed initial public offering comprising an offer for sale of up to 668,056,100 equity shares with a face value of INR 2 each.
The filing was made on 1st November 2026 and communicated on 2nd November 2026 to the Bombay Stock Exchange and National Stock Exchange as part of compliance under SEBI LODR Regulations 2015.
The proposed IPO consists solely of an offer for sale of equity shares held by Coal India Limited in SECL, meaning there will be no fresh shares issued by SECL in this offering.
The listing is contingent upon receiving applicable regulatory approvals from SEBI and other authorities, as well as prevailing market conditions and other considerations.
Highlights
- Draft red herring prospectus filed on 1st November 2026 for SECL IPO.
- Offer for sale up to 668,056,100 equity shares at INR 2 face value each.
- SECL is a wholly owned subsidiary of Coal India Limited.
- IPO subject to regulatory approvals and market conditions.
- Disclosure made to comply with SEBI LODR Regulation 30.
- Shares proposed for sale are currently held by Coal India Limited.
Key Data Snapshot
What happened
- South Eastern Coalfields Limited (SECL), a wholly owned subsidiary of Coal India Limited, has filed its draft red herring prospectus with SEBI for an initial public offering (IPO).
- The IPO proposes an offer for sale of up to 668,056,100 equity shares, each with a face value of INR 2, currently held by Coal India Limited.
Key details
- The filing was made on 1st November 2026 and communicated as per SEBI listing requirements on 2nd November 2026.
- This offer for sale does not include fresh issuance of shares by SECL.
- IPO execution is subject to receiving necessary regulatory approvals and assessment of market conditions.
Regulatory and governance context
- Disclosure is made under Regulation 30 of SEBI LODR, 2015 for material information dissemination.
- The draft red herring prospectus has been filed with SEBI, Bombay Stock Exchange, and National Stock Exchange.
Highlights
- Draft red herring prospectus filed on 1st November 2026 for SECL IPO.
- Offer for sale up to 668,056,100 equity shares at INR 2 face value each.
- SECL is a wholly owned subsidiary of Coal India Limited.
- IPO subject to regulatory approvals and market conditions.
- Disclosure made to comply with SEBI LODR Regulation 30.
- Shares proposed for sale are currently held by Coal India Limited.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30
Coal India Limited is the promoter holding 100% equity in South Eastern Coalfields Limited.
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