Coal India Limited (CIL) has announced the filing of the Red Herring Prospectus (RHP) for its wholly-owned subsidiary, Central Mine Planning and Design Institute Limited (CMPDIL). The proposed Initial Public Offering (IPO) involves an offer for sale of up to 107,100,000 equity shares by the parent company, Coal India Limited. This crucial step toward listing was formally communicated on March 13, 2026, pending requisite market and regulatory clearances.
Subsidiary IPO Documentation Submitted
In a formal disclosure made on March 13, 2026, Coal India Limited confirmed that the Red Herring Prospectus (RHP) for its subsidiary, Central Mine Planning and Design Institute Limited (CMPDIL), has been officially filed. CMPDIL is a wholly owned subsidiary of Coal India Limited.
Details of the Offer for Sale
The proposed Initial Public Offering (IPO) will consist solely of an Offer for Sale (OFS). Coal India Limited intends to sell up to 107,100,000 equity shares of CMPDIL through this transaction. The successful completion of the listing remains contingent upon receiving all applicable statutory approvals, favorable market conditions, and other relevant factors.
Compliance and Disclosure Status
This notification serves to disseminate material information regarding the proposed listing process to the stock exchanges and the public, ensuring compliance with applicable disclosure requirements. The RHP document itself was dated March 12, 2026.
Source: BSE
