Kolkata: Central Mine Planning and Design Institute Limited, or CMPDIL in short, is throwing open its bidding window on March 20. Since the issue is in the form of and Offer For Sale, CMPDIL will not receive any fresh capital from this IPO. This move is part of Coal India’s strategy to unlock the value inherent in its subsidiaries and integrate them with the capital markets. As a result, investors get an opportunity to invest in specific segments within the coal sector.
CMPDIL will be the second Coal India subsidiary to list in the stock market. Recently Bharat Coking Coal Limited or BCCL, which is another subsidiary of Coal India, listed on January 19. CMPDIL is a leading consultancy and engineering firm focused on the development of coal and mineral resources. It offers a wide range of services such as coal exploration, mine planning, mining design, environmental management, geomatics, and mining infrastructure development. It has proven competence in technical consultancy and formulating plans for both open-cast and underground mining projects. It also supports R&D activities for the Ministry of Coal.
The price band and lot size of CMPDIL IPO is yet to be announced.
Robust financials
CMPDIL has posted strong growth in recent years. In FY25, the income of the company stood at about Rs 2,102 crore, marking a surge of about 23% compared to FY24. During the same period, the company’s Net Profit jumped 33% and went close to Rs 600 crore. The company’s PAT margin stood at 30.6%.
CMPDIL IPO key dates
Bid opens: March 20
Bid closes: March 24
Allotment: March 25
Refund: March 27
Credit of shares: March 27
Listing: March 30
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