CMPDI Files Draft Prospectus for IPO; JSA Advising on Legal Matters
Central Mine Planning & Design Institute Limited (CMPDI) has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed Initial Public Offering (IPO). The offering is structured as an Offer-for-Sale (OFS) of up to 71.4 million equity shares by its parent company, Coal India Limited, representing approximately a 10% stake in CMPDI.
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Legal Advisory
JSA is serving as legal counsel to CMPDI for this public offering. The firm is advising on regulatory compliance, disclosure requirements, and other legal aspects associated with the IPO process.
JSA Deal Team:
Arka Mookerjee – Lead Partner
Pracheta Bhattacharya – Partner
Sourav Modi – Principal Associate
Aditya Shendye, Dhvanit Kothari, Nikhil Panchal, Benedict Rozario – Associates
IPO Structure and Filing Details
Filing Date: May 27, 2025
Type of Issue: Offer-for-Sale (OFS)
Number of Shares: Up to 71.4 million
Promoter Entity: Coal India Limited
Listing Exchanges: BSE and NSE
Book Running Lead Managers: SBI Capital Markets and IDBI Capital Markets
The IPO does not involve a fresh issue of shares by CMPDI. All shares offered in the IPO will be sold by Coal India as part of its disinvestment plan.
About CMPDI
Central Mine Planning & Design Institute Limited, headquartered in Ranchi, Jharkhand, is a public sector consultancy firm focused on coal and mineral exploration. It was established in 1975 and functions as a subsidiary of Coal India Limited.
Key Functions:
Geological exploration and mine planning
Environmental engineering and design
Technical services in mineral resource development
Financial Overview
According to the DRHP and public reports:
Revenue (FY25): ₹2,103 crore
Profit After Tax: ₹666 crore (32.5% growth YoY)
The company operates through multiple regional offices and serves clients across India in the mining and infrastructure sectors.
Government Disinvestment Context
The proposed IPO is aligned with the Government of India’s broader public sector disinvestment policy. Coal India is divesting part of its stake in CMPDI to monetize assets and improve market transparency in public sector enterprises.
CMPDI is one of several Coal India subsidiaries moving toward market listing. Bharat Coking Coal Limited (BCCL), another Coal India unit, has also filed for an IPO in May 2025.
The filing of CMPDI’s DRHP marks another step in the government’s disinvestment efforts involving subsidiaries of Coal India. With legal support from JSA and the offer structured as a 10% stake sale via OFS, the IPO process will proceed subject to regulatory approvals and market conditions.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
