South Eastern Coalfields Files DRHP for IPO; Coal India to Offload 66.81 Crore Shares
Coal India subsidiary South Eastern Coalfields Limited (SECL) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on November 1, 2026, for its proposed Initial Public Offering (IPO).
According to the DRHP, the IPO is entirely an offer for sale (OFS) by its parent company, Coal India Limited, comprising 66.81 crore equity shares, with no fresh issue of shares.
South Eastern Coalfields IPO - Issue Details
- Issue Type: Book-built Issue (OFS only)
- Total Issue Size: Up to 66.81 crore equity shares
- Fresh Issue: Not Applicable
- Offer for Sale (OFS): Up to 66.81 crore equity shares
- Face Value: ₹2 per equity share
- Listing: BSE, NSE
- Book Running Lead Managers: SBI Capital Markets Limited, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, Motilal Oswal Investment Advisors Limited
- Registrar: KFin Technologies Limited
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About South Eastern Coalfields Limited
Incorporated in 1985, South Eastern Coalfields Limited (SECL), a wholly owned subsidiary of Coal India Limited, is one of India's largest coal producers. Headquartered in Bilaspur, Chhattisgarh, the company produced 176.29 million tonnes of coal in FY26, accounting for 16.94% of India's total output. It is the second-largest coal-producing subsidiary of CIL, contributing 22.95% to its parent's production. SECL operates across Chhattisgarh and Madhya Pradesh and holds approximately 47.55 billion tonnes of geological coal resources.
As of September 30, 2026, the company operated 53 producing mines across 13 operating areas, comprising 19 opencast and 34 underground mines. Its key assets include the Gevra and Kusmunda mines in Chhattisgarh, which rank among the world's largest coal mines by production capacity. SECL's coal production increased from 142.51 million tonnes in FY22 to 176.29 million tonnes in FY26, registering growth of 23.70%.
Key Financial Information
|
Particulars |
For the period ended September 30, 2026 |
FY26 (in ₹ Cr.) |
FY25 (in ₹ Cr.) |
|
Revenue from Operations |
16,593.78 |
32,956.52 |
29,998.36 |
|
Profit After Tax (PAT) |
2,174.35 |
4,754.59 |
4,540.42 |
|
EBITDA |
4,029.36 |
9,364.87 |
8,630.81 |
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