CMPDIL IPO: Coal India Arm Raises ₹470 Crore from Anchor Investors Ahead of Public Issue
Anchor Investors Subscribe ₹469.74 Crore Worth Shares
New Delhi, March 18: Central Mine Planning and Design Institute (CMPDIL), a subsidiary of state-owned Coal India, has secured ₹470 crore from anchor investors ahead of its initial public offering (IPO).According to a circular on the BSE website, the company allotted 2.73 crore equity shares to 22 anchor funds at ₹172 per share, aggregating to ₹469.74 crore.
Major participants in the anchor round include Life Insurance Corporation (LIC), Nippon India Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund, Baring Private Equity India Fund, General Insurance Corporation of India, and Edelweiss Life Insurance Corporation. Global financial institutions such as Societe Generale, Citigroup, Goldman Sachs, and BNP Paribas Financial Markets also took part.
LIC alone received an allocation worth ₹105 crore.
CMPDIL IPO Details: Price Band, Dates, and Valuation
CMPDIL’s ₹1,842-crore IPO will open for public subscription on March 20 and close on March 24.The price band for the issue has been fixed at ₹163 to ₹172 per share. At the upper end, the company is valued at approximately ₹12,280 crore.
The IPO is entirely an offer for sale of 10.71 crore shares by Coal India, with no fresh issue component.
Investor Allocation Structure
The company has reserved:- 50 percent of the issue for qualified institutional buyers
- 35 percent for retail investors
- 15 percent for non-institutional investors
Business Overview of CMPDIL
Incorporated in 1975, CMPDIL operates as a wholly-owned subsidiary of Coal India. The company provides consultancy and support services across coal and mineral exploration, mine planning, and design.Its service portfolio also includes infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, catering primarily to the coal sector and other minerals.
Financial Performance
For FY25, CMPDIL reported revenue from operations of ₹2,103 crore and a net profit of ₹667 crore.Listing and Lead Managers
CMPDIL is scheduled to debut on the stock exchanges on March 30.IDBI Capital Markets and Securities, along with SBI Capital Markets, are acting as the book-running lead managers for the issue.
Coal India Subsidiaries in Focus
Earlier this year, another Coal India subsidiary, Bharat Coking Coal (BCCL), launched its ₹1,071-crore IPO in January, signaling increased market activity among the group’s entities.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.