2 More subsidiaries of Coal India; MCL & SECL to launch Public Issues
India’s stock market is busy again because two additional Coal India Limited (CIL) subsidiaries, Mahanadi Coalfields Limited (MCL) and South Eastern Coalfields Limited (SECL), are getting ready to go public in the next few months. This step is anticipated to get more retail investors involved and help the government’s plan to sell off its assets, following the recent success of other state-run IPOs.
Insiders say that MCL and SECL are both close to getting the green light from regulators for their planned IPOs. The problems are probably going to be part of Coal India’s bigger goal of getting the real value out of its subsidiaries while letting investors get involved in India’s fast-changing mining and energy sectors.
Experts in the field think that these offers could be among the most anticipated PSU IPOs of 2026 because both companies have good fundamentals. Over the years, MCL and SECL have consistently performed well financially, which has greatly helped Coal India increase its output and profits.
These IPOs are more than just a chance for short-term listing gains for investors. They show that people believe in India’s goal of becoming energy independent, where coal is still a big part of balancing supply and demand as the country moves toward greener options.
According to government sources, the Department of Investment and Public Asset Management (DIPAM) is looking at these IPOs as part of its larger strategy to sell off public assets in FY 2025–26. If everything goes according to plan, draft red herring prospectuses (DRHPs) could be filed in the first half of 2026.
Analysts say that considerable interest from both retail and institutional investors might make MCL and SECL’s IPOs the next big things on Dalal Street, following Coal India’s historic IPO in 2010.
As the excitement builds, people who observe the market are paying close attention to subscription trends and valuation measures. This could be a chance for millions of small investors to own a piece of India’s biggest energy empire at a key point in its growth story.
MCL IPO Details: Dates, Pricing, GMP and Financials
Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.
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