CMPDI IPO: The IPO of Central Mine Planning and Design Institute (CMPDI), an arm of Coal India, will open for subscription on March 20. The three-day subscription will end on March 24.

For Rs 1,842 crore IPO, the company has fixed the price band at Rs 163 to Rs 172. At the upper price band, CMPDI is eyeing a valuation of Rs 12,280 crore.

CMPDI IPO will be entirely an offer for sale (OFS) by Coal India of 10.71 crore shares, worth Rs 1,842.12 crore at the upper end. It has no fresh issue component.

Bidding for anchor investors will take place on March 18.

Central Mine Planning IPO Lot Size  

Central Mine Planning said that half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional buyers. The lot size for an application is 80 shares, worth Rs 13,760.

The allotment for the Central Mine Planning IPO is expected to be finalized on March 25 and its shares will list on BSE and NSE on March 30.

Central Mine Planning: About Company

CMPDIL was incorporated in 1975 as a wholly-owned subsidiary of Coal India. It offers consultancy and support services for the entire spectrum of coal and mineral exploration, as well as mine planning and design services.

Its services also include infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, primarily for the coal industry and other minerals..

On the financial front, its revenue from operations was Rs 2,103 crore and net profit at Rs 667 crore during FY25.

Earlier, Bharat Coking Coal (BCCL), another subsidiary of Coal India, came out with its Rs 1,071-crore IPO in January.