Central Mine Planning and Design Institute Ltd (CMPDIL), a subsidiary of state-owned Coal India, has submitted its draft offer documents to the Securities and Exchange Board of India (SEBI) as part of plans to raise capital through an initial public offering (IPO).
The proposed IPO will be a complete offer for sale, with no fresh shares being issued by CMPDIL. According to the draft prospectus, Coal India intends to divest up to 7.14 crore shares. SBI Capital Markets and IDBI Capital Markets and Securities have been appointed as the book-running lead managers for the IPO.
In a recent statement, Coal India confirmed that the listing process for both CMPDIL and Bharat Coking Coal Ltd (BCCL) is underway. However, formal filing for BCCL’s IPO is still pending.
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CMPDIL, recognised as India’s largest consultancy in coal and mineral exploration and mine planning, provides specialised services in these sectors.
On May 19, Debasish Nanda, Coal India's Director of Business Development, mentioned that the Draft Red Herring Prospectus (DRHP) filing for BCCL is imminent, adding that preparations are actively in progress. His remarks were made during the CII Mining and Construction Equipment Summit.
The Ministry of Coal has previously indicated that while the listings of CMPDIL and BCCL are planned, the actual timing will be contingent upon prevailing market conditions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 27, 2025, 1:05 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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