Coal India Subsidiary CMPDI Files DRHP with SEBI for IPO

Central Mine Planning & Design Institute Limited (CMPDI), a unit of Coal India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO). 

CMPDI IPO Details

As per the DRHP, the IPO will be entirely an offer-for-sale (OFS) of 7.14 crore equity shares by the parent company, Coal India. The equity shares are to be listed on both the BSE and NSE. The price band and minimum bid lot for the IPO will be decided after consulting the book-running lead managers, which are IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited. KFin Technologies Limited will be the Registrar for the issue. 

Utilisation of Proceeds

CMPDI will not receive any proceeds from the offer, as the entire IPO is a share sale by Coal India. The objective of the offer is to achieve the benefits of listing and provide liquidity to the selling shareholder. Coal India currently holds a 100% stake in CMPDI.

About Central Mine Planning & Design Institute Limited (CMPDI)

Incorporated on November 1, 1975, as a wholly owned subsidiary of Coal India Limited, Central Mine Planning & Design Institute Limited (CMPDI) offers consultancy and support services for the entire spectrum of coal and mineral exploration and mine planning and design services. The main services of CMPDI also include infrastructure engineering, environmental management, geomatics, specialised technology services, and management systems, primarily for the coal industry as well as for other minerals. 

CMPDI is the largest coal and mineral consultancy in India in terms of market share in Fiscal

2025 and are the preferred consultants for Coal India Limited. As of March 31, 2025, CMPDI operates a network of eight well-equipped laboratories located across various coalfields, which are also staffed by a dedicated team with technical experience in coal testing.

According to the DRHP, CMPDI generated a revenue of ₹2,102 crore and profit after tax (PAT) of ₹600 crore in 2024-25.