South Eastern Coalfields Limited (SECL), a wholly owned subsidiary of Coal India Limited (CIL), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), BSE and NSE for its proposed Initial Public Offering (IPO).
According to Coal India’s regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the DRHP is dated November 1, 2026.
The proposed IPO will comprise an Offer for Sale (OFS) of up to 668,056,100 equity shares, equivalent to approximately 66.81 crore shares, held by Coal India. Each share has a face value of ₹2.
Under the proposed offering, Coal India will sell a portion of its shareholding in SECL through the OFS route. The disclosed offer does not specify a fresh issue of shares by SECL.
The proposed IPO remains subject to the receipt of applicable approvals, prevailing market conditions and other relevant considerations.
The filing marks a key step in the proposed public listing of SECL, one of Coal India’s wholly owned subsidiaries. Further details regarding the IPO, including the price band and offer dates, will be available through subsequent announcements and offer documents.
Coal India made the disclosure to disseminate material information to stock exchanges and comply with regulatory requirements.
