Mahanadi Coalfields IPO may open Nov. 19 at Rs 10,000 crore
In short
Mahanadi Coalfields, a Coal India subsidiary, is set to launch its IPO next week. The issue is expected to open on November 19 and close on November 23, with a size of ₹10,000 crore.
Coal India plans to sell up to 10% of its stake through the offering. SEBI has already approved the IPO.
What the reporting says
Mahanadi Coalfields, a Coal India subsidiary, is set to launch its initial public offering next week, with the issue expected to open on November 19 and close on November 23. The IPO is pegged at ₹10,000 crore, and Coal India plans to divest up to 10% of its stake through the offering. The company has also received SEBI approval for the IPO.
Why it matters
Mahanadi Coalfields, a subsidiary of Coal India, is set to launch an IPO next week, with the issue expected to run from November 19 to November 23 and raise about ₹10,000 crore. Coal India plans to sell up to 10% of its stake in the offering. The company has also received approval from the Securities and Exchange Board of India, making the listing move a step closer.