South Eastern Coalfields files DRHP for IPO with 66.81 crore shares
In short
South Eastern Coalfields has filed draft papers with SEBI for an IPO. The offer for sale could include up to 66.81 crore shares.
The company said it had higher revenue and profit, and it plans to list on the BSE and NSE. The source does not give the price, date, or size of the offer beyond the share count.
What the reporting says
South Eastern Coalfields, a Coal India subsidiary, filed its draft papers with SEBI for an IPO involving an offer for sale of up to 66.81 crore shares. The summary says the coal producer reported higher revenue and profit and plans to list on the BSE and NSE. The filing is the immediate step toward a public offering, but the source does not state valuation, timing, or offer price.
Why it matters
South Eastern Coalfields filed a draft red herring prospectus with SEBI for an IPO that includes an offer for sale of up to 66.81 crore shares. The company, a Coal India subsidiary, is seeking listings on the BSE and NSE and is said to have reported higher revenue and profit. The source does not provide pricing, valuation, or the offer timetable.