LIC, Nippon, ICICI Prudential among pre-IPO investors in CMPDI
NewsBytes | March 19, 2026 3:40 AM CST
CMPDI's business and IPO details
CMPDI is Coal India's planning and design wing, incorporated in the mid-1970s.
It runs seven regional institutes and eight environmental labs across coal states and operates one of the largest fleets of exploratory drilling equipment in India.
The IPO opens March 20-24 with shares priced between ₹163-172; listing happens on March 30.
CMPDI's revenue from operations was ₹2,103 crore in FY25 (last fiscal year), with a net profit of ₹667 crore.
The IPO is an offer for sale of 10.71 crore shares (face value: ₹2 each).
Allocation goes 50% to institutional buyers, 35% to retail (minimum bid: 80 shares), and 15% to others.
There is an employee reservation category.
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