Coal India Subsidiary CMPDIL to Launch Initial Public Offering on March 20

Coal Central Mine Planning and Design Institute (CMPDIL) IPO Details

Key Highlights:

• March 20: CMPDIL, an arm of state-owned Coal India, is set to launch its initial public offering (IPO).
• March 24: The IPO is scheduled to conclude.
• March 18: Bidding for anchor investors will take place.

IPO Details:

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• The issue will be an entirely offer for sale (OFS) of 10.71 crore shares by Coal India.
• There will be no fresh issue component.

CMPDIL Services:

• The company provides consultancy services to Coal India and its subsidiaries in various areas, including coal exploration, mine planning & design, coal beneficiation and utilisation, and allied engineering services.

IPO Management:

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• IDBI Capital Markets and Securities and SBI Capital Markets are the book-running lead managers for the public issue.

Recent IPO:

• In January, Bharat Coking Coal (BCCL), another subsidiary of Coal India, completed its Rs 1,071 crore IPO.