Mahanadi Coalfields IPO GMP Today – Live Grey Market Premium
As of 13 Nov 2026, 10:16 PM IST, Mahanadi Coalfields IPO GMP is ₹25. Kostak: not available. Subject to Sauda: not available.
Mahanadi Coalfields IPO is scheduled to open for subscription on a date to be announced. The public issue aims to raise around TBA and is offered in a price band of TBA per share, with a market lot of TBA shares. The day-wise GMP trend is below.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the DRHP filed with SEBI
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 13 Nov, 10:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 13 Nov 2026 | ₹ 25 | — | -- | — | — |
Mahanadi Coalfields IPO dates
Key dates from opening to listing. Today is 14 November.
- Open TBA
- Close TBA
- Allotment TBA
- Refund/credit TBA
- Listing TBA
Mahanadi Coalfields IPO expected listing price
Upper price band plus today's grey market premium.
| Issue price (upper band) | TBA |
|---|---|
| Current GMP | ₹ 25 |
| Listing date | TBA |
| GMP-based listing estimate | Not yet available |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Mahanadi Coalfields IPO GMP reliable?
Grey market premium for Mahanadi Coalfields IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Mahanadi Coalfields IPO full review for a fundamentals-based assessment before making any grey market trades.
Mahanadi Coalfields IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Mahanadi Coalfields IPO is not available. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price is not available. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Mahanadi Coalfields IPO
Mahanadi Coalfields Limited mines non-coking coal in Odisha, in the Talcher and Ib Valley coalfields. It produced 218.31 million tonnes in FY2026, which the document says is the highest in India and about 22.4% of the country's non-coking coal output. Its registered office is at Burla, Sambalpur.
As on 1 April 2026 its audited coal reserves were 9,840.31 million tonnes. At the FY2026 production level, the company says this lasts around 45 years. Opencast mines gave 99.86% of production in FY2026.
The company sells coal only in India. Its customers are power utilities (state, central and private generating companies and captive plants) and non-power users such as the cement and sponge iron sectors. Sales to the thermal power sector were 68.62% of sale of products in FY2026. Raw non-coking coal was 97.41% of sale of products. The company reports no separate business segments.
Mahanadi Coalfields is a wholly owned subsidiary of Coal India Limited. Its executive employees are seconded from Coal India. Year-end manpower was 20,602 in FY2026, down from 21,493 in FY2024. Output per manshift rose from 27.24 tonnes in FY2024 to 30.34 tonnes in FY2026.
In FY2026 it dispatched 210.74 million tonnes of coal and removed overburden of 327.22 in cubic metre terms as the document reports it at a stripping ratio of 1.50. The company plans to expand existing mines, add coal beneficiation and build rail and loading infrastructure. It also lists coal gasification, renewable energy and rare earths as new areas.
Frequently asked
What is the GMP of Mahanadi Coalfields IPO?
The current Grey Market Premium (GMP) of Mahanadi Coalfields IPO is ₹ 25.
What is the Kostak Price of Mahanadi Coalfields IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Mahanadi Coalfields IPO is not available.
What is the Subject to Sauda Price of Mahanadi Coalfields IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What is the expected listing price of Mahanadi Coalfields IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Mahanadi Coalfields IPO. Check back closer to the subscription date.
Is the GMP of Mahanadi Coalfields IPO increasing or decreasing?
The GMP of Mahanadi Coalfields IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Mahanadi Coalfields IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
Price band, lot size, financials, objects of the issue and promoters.
Category-wise demand from QIB, NII and retail investors, updated through the day.
Before the book opens, see what analysts make of it.
Check with your PAN whether shares were credited to your demat account.
GMP is a mood, not a forecast.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
