Coal India Limited has announced that its wholly owned subsidiary, Central Mine Planning & Design Institute Limited (CMPDIL), has filed its prospectus for an initial public offering (IPO) with the Registrar of Companies, Jharkhand. The filing was completed on 25 March 2026.
The IPO will consist of an offer for sale of up to 107,100,000 equity shares, each with a face value of ₹2. This development follows the filing of the Red Herring Prospectus (RHP) by CMPDIL on 12 March 2026. The move is part of the company’s strategy to disseminate material information and comply with regulatory requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CMPDIL’s IPO is a significant step for Coal India Limited as it seeks to leverage its subsidiary’s potential in the market. The filing of the prospectus marks a crucial milestone in the IPO process, which aims to attract investors and facilitate the sale of shares.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).