Mahanadi Coalfields Ltd.

Mainboard

UPCOMING · Opens in 4 days

Issue details

Price band

TBA

Lot size

TBA

Issue size

TBA

Min. investment

TBA

Registrar

KFin Technologies

Grey market premium

Est. gain

+₹12

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IPO Timeline

Open
19 Nov
Close
23 Nov
Allotment
24 Nov
Listing
27 Nov

Open
19 Nov
Close
23 Nov
Allotment
24 Nov
Listing
27 Nov

Refunds & demat credit: 25 Nov 2026
Mandate end: 8 Dec 2026
Anchor lock-in 50%: 24 Dec 2026
Anchor lock-in 100%: 22 Feb 2027

We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.

Issue structure

Face value

₹2 per share

Issue type

Bookbuilding IPO

Sale type

OFS only

Valuation & ratios

Metric	Pre-IPO	Post-IPO
EPS	16.16	14.5

KPI	Sep 30, 2026	Mar 31, 2026
ROCE	30.44%	73.26%
RoNW	22.29%	53.87%
PAT Margin	28.43%	31.56%
EBITDA Margin	43.63%	47.45%
NAV	33.84	32.29

Financials

Metric	30 Sep 2026	31 Mar 2026	31 Mar 2025	31 Mar 2024
Total income	17,107.83	33,899.28	33,028.65	33,590.34
Profit after tax	4,880.66	10,698.12	10,825.12	11,841.55
EBITDA	7,463.98	16,084.93	15,331.11	16,636.91
Net worth	22,399.8	21,371.23	18,343.49	16,119.91
Assets	57,711.68	55,358.27	53,590.53	50,687.79
Reserves & surplus	20,945.38	19,932.31	16,873.51	14,700.91
Total borrowing	2.76	3.16	3.35	3.95

Figures in ₹ crore, as reported by the company in its offer document.

Recent comparable IPOs

Company	Issue price	P/E	Listing close	Listing gain
Caliber Mining & Logistics Ltd.Mainboard	₹424	15.02	₹528.20	+24.58%
Bharat Coking Coal Ltd.Mainboard	₹23	8.64	₹40.58	+76.43%

Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.

Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 15 Nov 2026. Always verify against the RHP before applying.