Coal India Subsidiary CMPDI Secures Rs 470 Crore in Anchor Book Ahead of March 20 Listing

Central Mine Planning & Design Institute Raises Rs 469.74 Crore from Anchor Investors

Key Highlights

• Rs 469.74 crore raised from 22 anchor investors on March 19, a working day before the IPO opening
• Life Insurance Corporation of India and Nippon Life are the largest investors, each buying Rs 105 crore worth CMPDI shares
• Coal India's subsidiary, Central Mine Planning & Design Institute, is raising Rs 1,837.8 crore via initial public offering (IPO) of 10.71 crore equity shares

IPO Details

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• Price band: Rs 163-172 per share
• Offer-for-sale: Entirely an offer-for-sale by Coal India
• IPO opening: March 20
• IPO closing: March 24
• IPO share allotment: To be finalised by March 25
• Trading commencement: Effective March 30

Anchor Investor Allocation

• Life Insurance Corporation of India and Nippon Life India: Each bought 61.04 lakh shares worth Rs 105 crore
• ICICI Prudential Mutual Fund: Acquired more than 31 lakh shares worth Rs 55 crore
• LIC Mutual Fund, Baring Private Equity Fund, and BNP Paribas Financial Markets: Each bought nearly Rs 25 crore worth shares
• Edelweiss Trusteeship, Societe Generale, and Goldman Sachs Bank Europe: Each purchased shares worth Rs 20 crore

Company Overview

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• Central Mine Planning & Design Institute, valued at Rs 12,281 crore at the upper price band, is one of the largest coal and mineral consultancy companies in India
• Incorporated in 1975, the company offers consultancy and support services for coal and mineral exploration and mine planning and design services.