NEW DELHI — Central Mine Planning and Design Institute (CMPDIL), the consultancy wing of Coal India, successfully raised ₹469.74 crore from anchor investors today. This robust start precedes its ₹1,842 crore IPO, which officially opens for public subscription tomorrow, March 20, 2026.

Anchor Round Highlights

The company allotted 2.73 crore shares at the upper price band of ₹172 per share.

• Domestic Leaders: LIC anchored the issue with a ₹105 crore commitment, followed by Nippon India MF, ICICI Prudential MF, and Edelweiss MF.
• Global Participation: Marquee foreign investors including Goldman Sachs, Citigroup, and BNP Paribas also participated in the round.

IPO Snapshot

The bidding period runs from March 20 to March 24, 2026, with a price band fixed at ₹163 – ₹172 per share. At the upper end, the company is valued at approximately ₹12,280 crore. The issue is a 100% Offer for Sale (OFS) by Coal India, with the stock expected to make its market debut on March 30, 2026.

Financial & Market Position

As India's leading mining consultant with a 61% market share, CMPDIL reported a net profit of ₹667 crore on a revenue of ₹2,103 crore for FY25. This listing marks the second major subsidiary IPO for Coal India this year, following the BCCL public issue in January.