Coal India’s Subsidiary CMPDIL Filed DRHP with SEBI to Float IPO

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).

Central Mine Planning and Design Institute IPO Details

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.

Also Read: Upcoming IPOs This Week: 4 Mainboard and 5 SME IPOs to Hit Dalat Street

About CMPDIL

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.

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