Coal India Arm Central Mine Planning & Design Institute Files IPO Papers
The public offer consists of an offer for sale of 7.14 crore shares by Coal India.
Coal India Ltd.'s arm, Central Mine Planning & Design Institute Ltd., filed its preliminary papers with the Securities and Exchange Board of India on Tuesday to raise funds via an initial public offering.
The public offer consists of an offer for sale of 7.14 crore shares by Coal India. The equity shares are proposed to be listed on the National Stock Exchange of India Ltd and BSE Ltd.
IDBI Capital Markets & Securities Ltd. and SBI Capital Markets Ltd. are the book-running lead managers for the issue and KFin Technologies Ltd. will be the registrar of the issue.
Currently, Coal India has seven coal-producing subsidiaries and one technical and consultancy company. Coal India accounts for over 80% of the country's domestic coal production. The company is also expected to put subsidiary Bharat Coking Coal up for its maiden offer soon.
Business
Central Mine Planning & Design Institute offers consultancy and support services for the entire spectrum of coal and mineral exploration and mine planning and design services. The company was incorporated on Nov. 1, 1975 as a wholly owned subsidiary of Coal India.
Their services also include infrastructure engineering, environmental management, geomatics and more primarily for the coal industry as well as for other minerals.
The company is the largest coal and mineral consultancy in India in terms of market share in fiscal 2025 and is the preferred consultant for Coal India Ltd. Their services span the entire lifecycle of mining operations, ranging from initial exploration to closure of mines.
For fiscal 2025, CMPDI reported revenue from operations of Rs 2,102.7 crore with a net profit of Rs 666.9 crore. The company has not availed any borrowings, as of March 31, 2025.
