Coal India Share Price In Green Amid Multiple PSU IPO Listings Buzz: SECL To MCL | All You Need To Know

Coal India Share Price Today: Shares of Coal India Limited extended their gains during Wednesday's intraday trading sessions amid buzz around the launch of the initial public offering (IPO) listings of its subsidiaries. Coal India, on Tuesday, announced plans to bring IPOs of its subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL).

Coal India shares were trading 0.56% higher at Rs 402.6 per share on BSE with a market capitalisation of Rs 2,48,019 crore at 1:45 pm. The stock had touched an intraday high of Rs 412.40 per share and an intraday low of Rs 401.8 per share.

Coal India Subsidiaries' IPO Listing

The Maharatna PSU, on Tuesday, had announced that Ministry of Coal, had advised to take concrete steps to ensure further listing of subsidiaries namely MCL and SECL in the financial year 2026-27 (FY 27).

Coal India's SECL IPO Listing Details

"Ministry of Coal, vide its Office Memorandum I/37811/2025 dated 16.12.2025 had advised CIL to take concrete steps to ensure further listing of subsidiaries namely MCL and SECL, in the upcoming financial year. Accordingly, CIL Board, through circular resolution, has accorded in-principle approval for the listing of South Eastern Coalfields Limited (SECL) and the same shall be communicated to MoC for onward submission to DIPAM," stated Coal India in its press release.

The proposed IPO listings of subsidiary companies are subject to the completion of various approvals.

Coal India's MCL IPO Listing Details

Coal India Limited's boardthrough circular resolution, had recorded in-principle approval for the listing of Manadi Coalfields Limited (MCL). The approval of MCL listing shall be communicated to the Ministry of Coal for onward submission to DIPAM.

Coal India's BCCL IPO Listing Details

Apart from the two subsidiaries, Coal India is reportedly planning to propose the IPO listing of Bharat Coking Coal Limited (BCCL). As per an ET Now report, BCCL IPO is pegged at around Rs 1,300 crore. The company is likely to have a pre-listing valuation of nearly Rs 13,000 crore. The IPO is an entirely offer for sale (OFS), with Coal India likely to divest close to 10% of its holding in the subsidiary.