New Delhi: Coal India Limited (CIL) has informed stock exchanges that the red herring prospectus (RHP) for the proposed Initial Public Offering (IPO) of its wholly-owned subsidiary, Central Mine Planning and Design Institute Limited (CMPDIL), has been filed with the Securities and Exchange Board of India (SEBI), BSE and NSE. “The Red Herring Prospectus (RHP) dated 12th March, 2026 of Central Mine Planning and Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, was filed with SEBI, BSE and NSE,” the company said in a regulatory filing on Friday.
Follow The PSUWatch Channel on WhatsApp
According to the filing and the RHP, the proposed IPO will consist entirely of an Offer for Sale (OFS) by Coal India, with no fresh issue of shares by CMPDIL. The offer comprises “up to 107,100,000 equity shares of face value of Rs 2 each,” being sold by Coal India as the promoter selling shareholder, equivalent to about 15 percent of CMPDIL’s equity. Coal India said the offer remains subject to regulatory approvals and market conditions.
“The RHP filing pertains to the proposed initial public offering (‘IPO’) of CMPDIL comprising an offer for sale of up to 107,100,000 equity shares by Coal India Limited, which remains subject to receipt of applicable approvals, market conditions, and other relevant considerations,” the company said in the filing.
The RHP states that the IPO will be conducted through the book-building process and will include reservation portions for employees and eligible shareholders. The offer includes “a reservation of up to 5,355,000 equity shares… for subscription by eligible employees” and “a reservation of up to 10,710,000 equity shares… for subscription by eligible shareholders.” The equity shares offered through the IPO are proposed to be listed on BSE and NSE.
Follow PSU Watch on LinkedIN
As per the RHP, the anchor investor bidding date has been set for March 18, while the main bid period will run from March 20 to March 24. IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited are acting as the book running lead managers for the issue.
CMPDIL, headquartered in Ranchi, Jharkhand, was incorporated in 1975 and provides consultancy and engineering services for mine planning, design and allied activities for the coal sector.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)