Central Mine Planning and Design Institute IPO
Analysis based on 7 articles · First reported Mar 13, 2026 · Last updated Mar 16, 2026
The IPO of Coal India===Central Mine Planning and Design Institute is expected to bring a new entity to the stock market, providing investors with an opportunity in the coal and mineral exploration sector. This event also highlights Coal India's strategy of divesting stakes in its subsidiaries.
Coal India===Central Mine Planning and Design Institute (CMPDIL), a subsidiary of state-owned Coal India, is launching its initial public offering (IPO) worth Rs 1,842 crore. The IPO will open for subscription from March 20 to March 24, with a price band of Rs 163 to Rs 172 per share, valuing the company at approximately Rs 12,280 crore. The entire issue is an offer for sale of 10.71 crore shares by Coal India, with no fresh issue component. CMPDIL, incorporated in 1975, provides consultancy and support services for coal and mineral exploration, mine planning, and design. IDBI Bank===IDBI Capital Markets & Securities and State Bank of India===State Bank of India are the book-running lead managers for the public issue. The company is set to debut on the stock market on March 30.
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