This week, investors have the opportunity to subscribe to three initial public offerings (IPOs): Mahanadi Coalfields Limited, Crystal Crop Protection Ltd, and Watrana Rentals. These IPOs open between November 18 and November 19 and close by November 23. Each company offers shares to the public with specific goals and plans for the funds raised.
- Mahanadi Coalfields Limited (MCL) opens subscription on November 19 and closes on November 23.
- Crystal Crop Protection Ltd opens subscription on November 18 and closes on November 20.
- Watrana Rentals opens subscription on November 19 and closes on November 23.
- MCL is a subsidiary of Coal India and offers shares through an offer for sale.
- Crystal Crop Protection aims to raise ₹455.49 crore through a mix of fresh issue and offer for sale.
- Watrana Rentals is launching a fresh issue of shares worth ₹120.10 crore.
What are the details of Mahanadi Coalfields Limited's IPO?
Mahanadi Coalfields Limited (MCL) is a wholly owned subsidiary of Coal India. Its IPO opens for subscription on November 19 and closes on November 23. The company is offering up to 66.18 crore shares through an offer for sale by its promoter, Coal India. This represents 10% of Coal India's stake in MCL.
MCL expects that listing its equity shares will improve visibility, enhance its brand image, and provide liquidity and a public market for its shares in India.
The share allocation is divided as follows: 50% reserved for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs), and 15% for non-institutional investors (NIIs).
Founded in 1992, MCL produced 218.31 million tonnes of coal in the financial year 2026, accounting for 22.4% of India's total non-coking coal production, according to a CRISIL report.
What should investors know about Crystal Crop Protection Ltd's IPO?
Crystal Crop Protection Ltd, a company specializing in crop solutions, is opening its IPO on November 18, which will close on November 20. The company aims to raise ₹455.49 crore through a combination of a fresh issue of shares worth ₹354.77 crore and an offer for sale of ₹100.71 crore by promoter Ankur Aggarwal.
The price band for the shares is set between ₹259 and ₹272 per equity share. Investors can apply for a minimum of 55 shares and in multiples thereafter.
The funds raised will be used to repay debt taken by the company and its subsidiary, Saffire Crop Science, to support inorganic growth through acquisitions, and to meet general corporate purposes.
Established in 1994, Crystal Crop Protection focuses on agrochemicals and seeds as its core offerings in the crop solutions sector.
What are the key points about Watrana Rentals' IPO?
Watrana Rentals, a company specializing in material and cargo handling equipment rentals, will open its IPO on November 19 and close on November 23. The issue is a fresh issuance of 49.02 lakh shares valued at ₹120.10 crore.
The price range for the shares is fixed between ₹232 and ₹245 per share. One lot consists of 600 shares, and the minimum investment for an individual investor is 1,200 shares.
Frequently Asked Questions
Q: When does the Mahanadi Coalfields IPO open and close?
A: The IPO opens on November 19 and closes on November 23.
Q: What is the price band for Crystal Crop Protection's IPO?
A: The price band is set between ₹259 and ₹272 per equity share.
Q: How many shares must an investor apply for in Watrana Rentals' IPO?
A: The minimum investment is 1,200 shares, with one lot consisting of 600 shares.
