Coal India Limited has informed the Exchange regarding ''.Initial Public Offering ( IPO ) Of Equity Shares of Face Value Rs. 2 Each ( Equity Shares ) Of Central Mine Planning & Design Institute Limited, A Subsidiary of Coal India Limited ( Company )-Filing of Prospectus
COALINDIA · price
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Coal India has informed the exchanges that its wholly owned subsidiary, Central Mine Planning & Design Institute Limited (CMPDIL), has filed its IPO prospectus with the Registrar of Companies in Jharkhand on March 25, 2026. The IPO is an Offer for Sale (OFS) of up to 10.71 crore equity shares with a face value of ₹2 each — there is no fresh issue of shares. This follows the Red Herring Prospectus (RHP) filing on March 12, 2026. Since this is a pure OFS by Coal India, the company will not receive any proceeds; it is essentially a divestment of a stake in its subsidiary by Coal India (a Maharatna PSU).
For Coal India shareholders, this is a value-unlocking event — listing of a high-quality consulting subsidiary (CMPDIL) could lead to better price discovery of Coal India's holding value. However, the dilution (or rather, partial stake sale) of the subsidiary is a divestment move and may marginally reduce consolidated earnings depending on the stake sold, though no fresh capital is being raised at the CMPDIL level.