Coal India Subsidiary CMPDIL Seeks SEBI Approval for Initial Public Offering

Coal India Ltd.'s Subsidiary, CMPDIL, Submits Red Herring Prospectus for IPO

Key Figures:

• 107.1 million equity shares to be offered for sale
• ₹2,102 crore in revenues for FY25, representing a 23% increase from the previous year
• ₹600 crore in profit after tax for FY25, with a 33% increase from the previous year

Coal India Ltd. announced that its fully owned subsidiary, Central Mine Planning and Design Institute Limited (CMPDIL), has submitted its Red Herring Prospectus (RHP) to the Securities and Exchange Board of India (SEBI), as well as to the BSE and the NSE. This submission is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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The RHP pertains to CMPDIL's planned initial public offering (IPO), which will consist solely of an offer for sale (OFS) of up to 107.1 million equity shares by Coal India Limited. Since this issue is set up as a complete OFS, CMPDIL will not receive any funds from the offering, and the entire transaction will be conducted by the parent company.

The anticipated IPO is part of Coal India's larger strategy to realize value from its subsidiaries and increase investor engagement in its specialized sectors. CMPDIL mainly offers consultancy services in fields such as coal exploration, mine planning, mine design, environmental management, and mineral resource development.

The public offering is contingent upon obtaining the required regulatory approvals, current market conditions, and other pertinent factors. Coal India submitted the Draft Red Herring Prospectus (DRHP) for CMPDIL's IPO to SEBI on May 26, 2025.

Company Details:

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• CMPDIL is a prominent consultancy and engineering firm that focuses on coal and mineral resource development.
• The company offers comprehensive services such as mine planning, exploration, environmental management, infrastructure design, and geomatics for open-pit and underground mining initiatives.
• CMPDIL also facilitates research and development activities for the Ministry of Coal and manages eight laboratories situated in major coalfields.