Mahanadi Coalfields files IPO papers with offer for sale of 66.18 crore shares

Mahanadi Coalfields Limited, a subsidiary of Coal India, has filed its DRHP (Draft Red Herring Prospectus) to launch an IPO. The offering comprises an offer for sale (OFS) of up to 66.18 crore shares by promoter Coal India.

The listing will provide investors direct exposure to one of India's largest non-coking coal producers. Mahanadi Coalfields operates substantial coal reserves and established mining infrastructure, positioning it as a key player in India's coal sector.