CMPDIL IPO: Subscription Opens March 20, Valued at Rs 12,280 Crore
CMPDIL Announces Rs 1,842 Crore IPO
The Central Mine Planning and Design Institute (CMPDIL), a subsidiary of Coal India, announced on Monday that its initial public offering (IPO), worth Rs 1,842 crore, will open for subscription on March 20.IPO Details and Price Band
The price band has been set at Rs 163 to Rs 172 per share, valuing the company at around Rs 12,280 crore at the higher end, the company announced.Offer for Sale Details
The entire IPO will be an offer for sale (OFS) of 10.71 crore shares, worth Rs 1,842.12 crore at the higher end, by Coal India, with no new issuance component.Key Dates for the IPO
The company's maiden public offering will conclude on March 24. Bidding for anchor investors will take place on March 18. The state-owned firm will make its stock market debut on March 30.CMPDIL: A Subsidiary of Coal India
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.Scope of Services
Its services include infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, primarily for the coal industry and other minerals.Financial Performance in FY25
On the financial front, CMPDIL’s revenue from operations was Rs 2,103 crore and net profit at Rs 667 crore during FY25.IPO Allocation
The company 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.Book-Running Lead Managers
IDBI Capital Markets and Securities and SBI Capital Markets are the book-running lead managers for the public issue.Previous IPO by Coal India Subsidiary
Earlier, Bharat Coking Coal (BCCL), another subsidiary of Coal India, came out with its Rs 1,071-crore IPO in January.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
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