Investors now have the chance to buy shares in Central Mine Planning & Design Institute Limited (CMPDI), a key subsidiary of Coal India Limited, as its IPO opens on March 20, 2026. The offer will remain open until March 24, giving retail and institutional investors a four-day window to participate.
This IPO is structured entirely as an offer for sale (OFS), meaning Coal India and the Government of India are selling part of their stakes. The price band is set between ₹163 and ₹172 per share, and the total issue size is around ₹1,842 crore. A portion of shares is also reserved for eligible employees and existing shareholders.
CMPDI, based in Ranchi, Jharkhand, plays a vital role in India’s coal sector. It provides services like mine planning, mineral exploration, environmental consultancy, and safety assessments, helping keep India’s coal production efficient and sustainable.
The market is watching CMPDI closely. Earlier this year, Bharat Coking Coal Limited, another Coal India subsidiary, saw strong demand in its IPO, giving investors confidence about the prospects for CMPDI. Analysts expect interest from long-term investors looking to own a part of a public sector company with a strategic role in India’s energy infrastructure.
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