Coal India arm CMPDI to launch IPO on March 20. All you need to know

The Central Mine Planning and Design Institute Ltd (CMPDI), a subsidiary of Coal India, is set to launch its Initial Public Offering (IPO) on March 20, with the subscription period running until March 24. This IPO consists solely of an offer for sale of 10.71 crore shares, as both the government and Coal India aim to divest part of their holdings. Notably, CMPDI will not benefit financially from the IPO, as the proceeds will go directly to the selling shareholders. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by March 30. Although the specific price band and lot size for the IPO are yet to be disclosed, the allocation structure will reserve 50% of the shares for qualified institutional buyers (QIBs), 35% for retail investors, and at least 15% for non-institutional investors. CMPDI, established in 1974, is a leader in coal and mineral consultancy in India, holding a 61% market share as of FY25. The institute provides a range of services, including geological exploration, mine planning, and environmental management, supported by a robust technical infrastructure and regional institutes across key coal-producing states. Known for its expertise, CMPDI has successfully designed open-cast mines with substantial production capacities, positioning itself as a vital partner for Coal India, the world's largest coal producer.