By BullScreen Editorial Team 
Coal India’s wholly-owned subsidiary, Central Mine Planning & Design Institute Limited (CMPDI), is set to make its stock market debut with an initial public offering (IPO) opening for subscription on March 20. The price band for the offer is yet to be announced.
The IPO comprises an offer for sale (OFS) of 107.1 million shares by Coal India, with no fresh shares being issued. This means all proceeds from the listing will go to the promoter, Coal India, rather than CMPDI itself. Anchor investor bidding is scheduled for March 18, and the subscription window closes on March 24.
Half of the shares have been allocated for qualified institutional buyers (QIBs), 35% for retail individual investors (RIIs), and 15% for non-institutional investors (NIIs). CMPDI, a leading domestic coal and mineral consultancy firm, offers services across exploration, mine planning, infrastructure engineering, environmental management, and other specialised mining operations. It holds a 61% market share in FY25 and is the preferred consultant for Coal India.
The IPO is expected to enhance CMPDI’s visibility and brand presence in the financial markets, providing liquidity and a public platform for its equity. The listing may also strengthen its strategic role in advising the Ministry of Coal and supporting the broader mining sector.
IDBI Capital Markets & Securities and SBI Capital Markets are managing the issue, with KFin Technologies acting as the registrar.