State-run Coal India Limited (CIL) announced on Tuesday that its wholly-owned subsidiary, Central Mine Planning & Design Institute Ltd (CMPDIL), has filed its Draft Red Herring Prospectus (DRHP) with SEBI, BSE, and NSE for an upcoming initial public offering (IPO).
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As per the filing, the IPO will be entirely an offer for sale, with no fresh equity issuance. CIL plans to sell up to 7.14 crore equity shares of CMPDIL through this issue, subject to regulatory approvals, market conditions, and other relevant factors.
CMPDIL primarily offers consultancy services to CIL and its subsidiaries, covering coal exploration, mine planning and design, coal beneficiation, allied engineering, environmental services, ICT solutions, laboratory services, and field support.
The DRHP filing comes shortly after CIL confirmed that it had initiated the process to list two of its subsidiaries—Bharat Coking Coal Ltd (BCCL) and CMPDIL. CIL’s Director of Business Development, Mr. Debasish Nanda, recently stated during the CII Mining and Construction Equipment Summit that the DRHP filing was imminent.
Financially, CMPDIL recorded a profit of Rs. 666.91 crore for the financial year ending March 2025, with revenues from operations touching Rs. 2,102.76 crore. Notably, the company maintains a zero-debt status.
IDBI Capital Markets & Securities Ltd and SBI Capital Markets Ltd have been appointed as the book-running lead managers for the issue. CMPDIL’s equity shares are proposed to be listed on both the BSE and NSE.
Coal India Limited
Coal India Limited (CIL) is India’s largest coal-producing company and a key player in the energy sector. It operates under the Ministry of Coal and owns subsidiaries like CMPDIL and BCCL.
