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Explore Mahanadi Coalfields IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Mahanadi Coalfields Limited (MCL) is one of India's largest coal producers and is primarily engaged in mining and supplying non-coking coal. The Company operates mainly in the Talcher and Ib Valley coalfields of Odisha and supplies coal to power plants and industries such as steel, cement, aluminium and paper.
Mahanadi Coalfields is a wholly owned subsidiary of Coal India Limited. As of June 30, 2026, it operated 17 mines, including 14 open-cast and three underground mines. The Company uses modern machinery and technology to improve mining efficiency and control operating costs.
It also operates the Ib Valley Coal Washery, with a capacity of 10 million tonnes per year, to produce better-quality coal with lower ash content. Its railway and road network supports coal transportation to customers across several Indian states.
The Company supplies coal through long-term Fuel Supply Agreements (FSAs) and focuses on operational efficiency, technological development and environmental initiatives, including solar power projects. As of June 30, 2026, it had 20,473 permanent employees.
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Nov - 23 Nov 2026 |
| IPO Price Band | TBA |
| Fresh Issue | |
| Offer For Sale | 66.18 Cr Shares |
| Total IPO Size | 66.18 Cr Shares |
| Face Value | ₹2 |
| Listing On | BSE, NSE |
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Nov 2026 |
| IPO Closing Date | 23 Nov 2026 |
| Basis Of Allotment | 25 Nov 2026 |
| Refunds | 26 Nov 2026 |
| Demat Transfer | 26 Nov 2026 |
| IPO Listing Date | 27 Nov 2026 |
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 | 30 Jun 2026 |
|---|---|---|---|---|
| Assets | 50,687.79 | 53,590.53 | 55,358.27 | 57,693.76 |
| Total Income | 33,590.34 | 33,028.65 | 33,899.28 | 8,437.92 |
| Profit After Tax | 11,841.55 | 10,825.12 | 10,698.12 | 2,398.78 |
| EBITDA | 16,636.91 | 15,331.11 | 16,084.93 | 3,641.37 |
| NET Worth | 16,119.91 | 18,343.49 | 21,371.23 | 23,769.02 |
| Reserves and Surplus | 14,700.91 | 16,873.51 | 19,932.31 | 13,23,672.60 |
| Total Borrowing | 3.95 | 3.35 | 3.16 | 2.94 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Mahanadi Coalfields Ltd. | 16.13 | 53.87% | 32.29 | |
| Yancoal Australia Ltd | 20.81 | 20.05 | 4.83% | 410.11 |
| PT Bukit Asam (Persero) Tbk | 10 | 1.36 | 13.16% | 10.47 |
| National Mineral Development Corporation Ltd | 10.24 | 8.47 | 23.28% | 38.73 |
| Bharat Coking Coal Ltd | 0.28 | 2.07% | 12.53 | |
| Coal India Ltd | 7.95 | 50.46 | 27.78% | 195.22 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
| Investor Type | Shares Offered |
|---|---|
| Retail Individual Investor (RII) | Not less than 35% of the Net Offer |
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Mahanadi Coalfields Ltd.Jagruti Vihar
Burla
Sambalpur, Odisha – 768020
Website: https://www.mahanadicoal.in/
Phone: +910663 254 2977
Email: cs.mcl@coalindia.in