Coal India Arm CMPDIL Files RHP with SEBI for IPO

State-owned Coal India Limited has moved a step closer to listing its subsidiary Central Mine Planning and Design Institute Limited (CMPDIL) on the stock exchanges.

The company informed through an exchange filing that CMPDIL has submitted its Red Herring Prospectus (RHP) to the Securities and Exchange Board of India (SEBI) along with filings to BSE Limited and National Stock Exchange of India (NSE).

The filing was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to disclose material developments to investors.

IPO Structure

The proposed IPO will be entirely an Offer for Sale (OFS).

Total shares offered: Up to 107.1 million equity shares

Selling shareholder: Coal India Limited

Fresh issue: None

Since the issue is fully structured as an OFS, CMPDIL will not receive any proceeds from the IPO. The entire share sale will be carried out by the parent company.

Earlier, Coal India had filed the Draft Red Herring Prospectus (DRHP) for this IPO with SEBI on May 26, 2025, proposing the sale of 7.14 crore shares.

Strategic Objective

Coal India aims to unlock value from its subsidiaries and broaden investor participation in specialized segments of the mining ecosystem through this listing.

CMPDIL operates mainly as a consultancy and engineering organization focused on the coal and mineral resource sector.

Its services include:

Coal exploration

Mine planning and design

Environmental management

Mineral resource development

Infrastructure planning for mining projects

The company supports both open-cast and underground mining projects and also undertakes research and development work for the Ministry of Coal.

CMPDIL currently operates eight laboratories across major coalfields.

Financial Performance

For FY25, CMPDIL reported strong growth:

Revenue: approximately ₹2,102 crore

Revenue growth: 23% year-on-year

Profit after tax: ₹600 crore

PAT growth: 33%

PAT margin: 30.6%

Listing Timeline

The IPO process remains subject to:

Regulatory approvals

Market conditions

Other relevant factors

Coal India stated that the disclosure has been made to ensure transparency and timely communication with investors.

Disclosure

This article is prepared for informational and educational purposes only. The information presented is based on publicly available exchange filings and market disclosures. It should not be considered as investment advice, recommendation, or solicitation to buy or sell securities. Investors should read the official offer documents carefully and consult their financial advisors before making investment decisions.

State-owned Coal India Limited has moved a step closer to listing its subsidiary Central Mine Planning and Design Institute Limited (CMPDIL) on the stock exchanges. The company informed through an exchange filing that CMPDIL has submitted its Red Herring Prospectus (RHP) to the Securities and Exchange Board of India (SEBI) along with filings to BSE Limited and National Stock Exchange of India (NSE). The filing was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to disclose material developments to investors.

IPO Structure

The proposed IPO will be entirely an Offer for Sale (OFS). Total shares offered: Up to 107.1 million equity shares Selling shareholder: Coal India Limited Fresh issue: None Since the issue is fully structured as an OFS, CMPDIL will not receive any proceeds from the IPO. The entire share sale will be carried out by the parent company. Earlier, Coal India had filed the Draft Red Herring Prospectus (DRHP) for this IPO with SEBI on May 26, 2025, proposing the sale of 7.14 crore shares.

Strategic Objective

Coal India aims to unlock value from its subsidiaries and broaden investor participation in specialized segments of the mining ecosystem through this listing. CMPDIL operates mainly as a consultancy and engineering organization focused on the coal and mineral resource sector. Its services include: Coal exploration Mine planning and design Environmental management Mineral resource development Infrastructure planning for mining projects The company supports both open-cast and underground mining projects and also undertakes research and development work for the Ministry of Coal. CMPDIL currently operates eight laboratories across major coalfields.

The IPO process remains subject to: Regulatory approvals Market conditions Other relevant factors Coal India stated that the disclosure has been made to ensure transparency and timely communication with investors.

Disclosure

This article is prepared for informational and educational purposes only. The information presented is based on publicly available exchange filings and market disclosures. It should not be considered as investment advice, recommendation, or solicitation to buy or sell securities. Investors should read the official offer documents carefully and consult their financial advisors before making investment decisions.