Coal India Limited has informed the Exchange regarding 'Filing of Red Herring Prospectus(RHP) of Central Mine Planning and Design Institute Limited (CMPDIL), a wholly owned Subsidiary of CIL, with SEBI'.
COALINDIA · price
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Coal India has informed the exchanges that its wholly owned subsidiary, Central Mine Planning and Design Institute Limited (CMPDIL), has filed its Red Herring Prospectus (RHP) dated 12th March 2026 with SEBI, BSE, and NSE. The proposed IPO will be entirely an Offer for Sale (OFS) of up to 10.71 crore (107,100,000) equity shares by Coal India, with no fresh issue of shares. The IPO remains subject to market conditions and required regulatory approvals. CMPDIL is the planning and design arm of Coal India, and this marks a significant step toward its listing.
Positive for Coal India shareholders as the CMPDIL listing could unlock hidden value in the subsidiary. Since it's a pure OFS, Coal India will receive the sale proceeds, and the dilution applies only to CMPDIL, not CIL's existing operations.