Upcoming IPO: Coal India’s Mahanadi Coalfields gets Sebi nod for public issue; top things to know about PSU public offer
Coal India is in focus in an ipo & listings development.
· LiveMint Markets
Mahanadi Coalfields filed its draft red herring prospectus (DRHP) with the Sebi in September.
The analysis
Against that, the stock is +1.4% on the day at ₹400.00, and has returned -3.8% over three months. It sits 17% below its 52-week high. The metals & mining sector has moved -8.0% over the same period, so Coal India is running 4.2 points ahead of its peers.
For Coal India, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- Promoters buy and sell with more information than anyone; the direction of their conviction is a signal in itself.
- With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- In focus: Coal India (COALINDIA), in Metals & Mining.
- Over three months: Coal India -3.8% against Metals & Mining -8.0% (4.2 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Coal IndiaCOALINDIA · Metals & Mining | ₹400.00 | +1.4% | -2.8% | -3.8% | -17.0% | 0.7× | — |
Metals & Mining
1M -3.6% · 3M -8.0%
Coal India
Prices as of 6 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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