Mahanadi Coalfields IPO Details
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] Crores |
| Offer for Sale: | Approx 661,836,300 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Mahanadi Coalfields IPO Review & Key Points
- Review:
Mahanadi Coalfields IPO Market Lot
The Mahanadi Coalfields IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Mahanadi Coalfields IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Mahanadi Coalfields IPO Dates
The Mahanadi Coalfields IPO date is 2026 and the close date is 2026. The Mahanadi Coalfields IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
Promoters and Holding Pattern
The promoters of the company are President Of India, Acting Through The Ministry Of Coal, Government Of India And Coal India Limited.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 6,618,363,000 | 100% | – | -% |
| Others* | – | -% | – | -% |
| Total | 6,618,363,000 | 100% | – | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding incremental working capital requirement of Company | ₹220.00 |
| Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company | ₹20.00 |
| Purposes | ₹- |
About Mahanadi Coalfields
To be updated soon
Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹463.39 | ₹451.61 | ₹8.95 | ₹196.12 |
| 2025 | ₹743.53 | ₹698.88 | ₹33.27 | ₹262.06 |
| 2026 | ₹1,168.88 | ₹1,055.94 | ₹84.68 | ₹363.33 |
Company Valuation – FY2026
Check Mahanadi Coalfields IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 57.46% |
| ROCE: | 44.26% |
| EBITDA Margin: | 12.60% |
| PAT Margin: | 7.25% |
| Debt to equity ratio: | 1.25 |
| Earning Per Share (EPS): | ₹16.13 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 53.87% |
| Net Asset Value (NAV): | ₹32.29 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Coal India Limited | 50.46 | 7.95 | 27.78% | 195.22 | 1,68,400.29 Cr. |
| Bharat Coking Coal Limited | 0.28 | NA | 2.07% | 12.53 | 13,644.78 Cr. |
| National Mineral Development Corporation Limited | 8.47 | 10.24 | 23.28% | 38.73 | 32,070.89 Cr. |
| PT Bukit Asam (Persero) Tbk | 1.36 | 10.00 | 13.16% | 10.47 | 22,890.05 Cr. |
| Yancoal Australia Limited | 20.11 | 20.81 | 4.83% | 410.11 | 35,814.59 Cr. |
IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Limited
- Axis Capital Limited
- BOB Capital Markets Limited
- IDBI Capital Markets & Securities Limited
- IIFL Capital Service Limited
Company Address
Mahanadi Coalfields Ltd.
Jagruti Vihar, Burla, Sambalpur 768020,
Odisha, India
Phone: +91 (0663) 254 2977
Email: [email protected]
Website: https://www.mahanadicoal.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: +91 4067162222/1800 309 4001
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Mahanadi Coalfields IPO FAQs
What is Mahanadi Coalfields IPO?
Mahanadi Coalfields IPO is Mainboard IPO. The company is going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] per equity share. The IPO is to be listed on BSE & NSE.
When Mahanadi Coalfields IPO will open for subscription?
The IPO is to open on 2026 for QIB, NII, and Retail Investors. The IPO will close on 2026.
What is Mahanadi Coalfields IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Mahanadi Coalfields IPO?
You can apply for Mahanadi Coalfields IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Mahanadi Coalfields IPO Issue Size?
Mahanadi Coalfields IPO issue size is ₹[.] crores.
What is Mahanadi Coalfields IPO Price Band?
Mahanadi Coalfields IPO Price Band is ₹[.] to ₹[.].
What is Mahanadi Coalfields IPO Lot Size?
The minimum bid is [.] Shares with ₹[.] amount.
What is the Mahanadi Coalfields IPO Allotment Date?
Mahanadi Coalfields IPO allotment date is 2026.
What is the Mahanadi Coalfields IPO Listing Date?
Mahanadi Coalfields IPO listing date is 2026. The IPO is to list on BSE & NSE.
Note: The Mahanadi Coalfields IPO price band and date are officially announced. The (Mahanadi Coalfields IPO grey market premium) will be added to the IPO GMP page as it will start).
