Coal India Limited Files RHP for CMPDIL IPO, Plans Offer for Sale of 107.1 Million Shares
State-run coal mining giant Coal India Limited has filed the Red Herring Prospectus (RHP) with the Securities and Exchange Board of India for the proposed Initial Public Offering (IPO) of its wholly owned subsidiary Central Mine Planning and Design Institute Limited (CMPDIL), marking a significant step toward listing the mining consultancy firm on the stock exchanges.
According to a regulatory disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the RHP dated March 12, 2026, has been filed with SEBI as well as the BSE Limited and the National Stock Exchange of India.
The proposed IPO will comprise an Offer for Sale (OFS) of up to 107.10 million equity shares by Coal India. As the parent company, Coal India plans to partially divest its stake in CMPDIL through the public offering, paving the way for the subsidiary to operate as a separately listed entity.
Key IPO Details
| Parameter | Details |
|---|---|
| Subsidiary | Central Mine Planning and Design Institute Limited (CMPDIL) |
| RHP Filing Date | March 12, 2026 |
| Share Offering | Up to 107.10 million equity shares |
| Offering Type | Offer for Sale by Coal India Limited |
| Ownership Status | Wholly owned subsidiary |
The launch and timing of the IPO will depend on several factors, including regulatory approvals, compliance processes, and prevailing market conditions. The company indicated that the public offering will proceed once the necessary approvals are obtained and the market environment is considered favourable.
Strategic Value Unlocking
The proposed listing is part of Coal India’s broader strategy to unlock value from its subsidiary operations. A separate listing could allow CMPDIL to access capital markets independently while potentially enhancing shareholder value for Coal India’s investors.
CMPDIL is the technical and consultancy arm of Coal India and plays a crucial role in mine planning, exploration, and engineering services for the coal sector.
