CMPDI, a Coal India Subsidiary gears up for public listing amid growing focus on clean coal innovation and digital mining, 71.4 million shares to be offered via OFS.
The Central Mine Planning & Design Institute (CMPDI), a wholly-owned subsidiary of Coal India Limited (CIL), is preparing for its debut on the Indian stock exchanges after filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) last month. However, the final decision on the IPO launch timeline remains pending, awaiting SEBI’s initial observations.
Speaking at a press interaction in Ranchi, CMPDI Chairman and Managing Director Manoj Kumar said, “The DRHP has been filed. The decision on the next course of action will be taken after the preliminary comment from SEBI. We are committed to progressing quickly, but all steps are subject to regulatory approvals.”
IPO Details
The IPO will be an Offer for Sale (OFS), with Coal India planning to offload up to 71.4 million equity shares. No fresh shares will be issued, indicating that the proceeds will go to Coal India rather than CMPDI. The company’s shares are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). SBI Capital Markets and IDBI Capital Markets & Securities have been appointed as the book-running lead managers for the issue.
Market Context
CMPDI’s IPO comes at a time when market sentiment has turned cautious. Several companies have either postponed or scaled back their IPOs in 2025, citing global economic uncertainty and subdued investor interest, a sharp contrast from the IPO boom witnessed in 2024. CMPDI’s solid fundamentals and strategic relevance, however, may offer it an edge in attracting long-term investors.
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CMPDI’s Role and Strategic Importance
Headquartered in Ranchi, CMPDI serves as the technical and R&D powerhouse of India’s coal sector. The institute provides end-to-end consultancy services across mine planning, coal exploration, beneficiation, environmental engineering, and allied fields.
In recent years, CMPDI has increasingly positioned itself as a leader in energy innovation and sustainability within the coal sector, a key strategic shift as India seeks to balance energy security with its decarbonisation goals.
Current Major Projects at CMPDI
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Carbon Capture and CO₂-to-Methanol Conversion
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Underground Coal Gasification (UCG)
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5G-Enabled Digital Mining Systems
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IoT and AI-Based Mine Safety Technologies
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Development of Indigenous Perovskite Solar Cells
With coal still supplying nearly 70% of India’s electricity, CMPDI’s initiatives for cleaner and more efficient coal use could make it a compelling investment, especially for those eyeing sustainability-focused opportunities in the energy space.
