Mahanadi Coalfields (MCL), a major subsidiary of Coal India, has filed its Draft Red Herring Prospectus with SEBI, marking an important development in India’s IPO market.
Mahanadi Coalfields (MCL), a major subsidiary of Coal India, has filed its Draft Red Herring Prospectus with SEBI, marking an important development in India’s IPO market.
Yotta Data Services is reportedly targeting an IPO between January and March 2027, with plans to raise up to $1.5 billion.
The Purple Style Labs IPO has entered the allotment stage after the company’s Rs.680 cr. public issue closed recently.
Date 03.09.2026
NIFTY OUTLOOK: 23914.45 FII 6688.37 cr DII 2812.98 cr
As discussed yesterday market behaviour remained on the expected lines during the day, as resumption of sellers take down the nifty upto 23786.8, small recovery from there and CAS has give closing of 23914.45.
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Indian equity markets came under sharp pressure on Wednesday after the conflict between the US and Iran intensified, raising concerns over energy supplies and global inflation.
Crude oil prices moved sharply higher as the latest US-Iran military escalation increased fears of disruptions to energy supplies. Reports indicated that crude was moving close to the $97-per-barrel level, putting global markets on alert.
Gold and silver prices remained volatile on September 2 as investors balanced safe-haven demand arising from geopolitical tensions against movements in global interest rates and the US dollar.
Coal India has moved towards listing its subsidiary Mahanadi Coalfields through an IPO. The company plans to sell a 10% stake in the subsidiary, according to draft documents filed with the market regulator.
India Glycols has completed an important restructuring exercise, with its three-way demerger becoming effective from September 1. The business will now be separated into focused entities covering specialty chemicals, spirits and biofuels, and biopharma.
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