From mint · Rajendra Saxena · · 1m 20s
South Eastern Coalfields IPO Files Papers
South Eastern Coalfields Ltd files IPO papers to raise $800m, marking Coal India's next listing step.
In brief
South Eastern Coalfields Ltd files IPO papers to raise $800m, marking Coal India's next listing step. South Eastern Coalfields Ltd will raise up to $800 million through its IPO, with Coal India selling shares to fund the listing. Originally reported by mint.
SECL Files IPO Papers
South Eastern Coalfields Ltd, a subsidiary of state-owned Coal India Ltd, has filed preliminary papers with Sebi for an initial public offering.
IPO Structure
The proposed listing includes an offer for sale of up to 66.81 crore equity shares by Coal India with no fresh issue component.
Funds to be Raised
Bloomberg reports the IPO could raise up to $800 million through the share sale.
SECL Financials
SECL reported revenue of ₹16,593.7 crore and net profit of ₹2,174.3 crore for the first half of FY27.
Coal Production
SECL produced 176.29 million tonnes of coal in FY26, accounting for 16.94% of India's total coal production.
Coal Reserves
SECL has coal reserves sufficient for 26 years of production at FY26 levels.
SECL's Status
SECL was granted Miniratna Category-I status in March 2007 and completed 40 years of coal mining operations in 2025.
IPO Lead Managers
SBI Capital Markets, ICICI Securities, IDBI Capital Markets & Securities and Motilal Oswal Investment Advisors are lead managers for the IPO.
The main idea
South Eastern Coalfields Ltd will raise up to $800 million through its IPO, with Coal India selling shares to fund the listing.
