SYNOPSIS: A Maharatna PSU has filed the RHP for the IPO of another subsidiary, involving an offer for sale of 10.71 crore shares. This would mark its second subsidiary listing after BCCL’s strong debut with a nearly 96.5 percent premium.
During Friday’s trading session, shares of this Maharatna company, mainly engaged in the mining and production of coal, are in focus on the stock exchanges, after the company filed a Red Herring Prospectus (RHP) for another IPO with an offer for sale of 10.71 crore equity shares.
With a market cap of Rs. 2.87 lakh crores, shares of Coal India Limited were closed in the red at Rs. 466 on BSE, down by around 1 percent, compared to its previous closing price of Rs. 470.15. The stock has delivered positive returns of over 23 percent in one year, and has gained by around 14 percent in the last one month.
News
As per its latest regulatory disclosures with the stock exchanges, Coal India Limited informed that the Red Herring Prospectus (RHP) dated 12th March 2026 for Central Mine Planning and Design Institute Limited (CMPDIL) has been filed with SEBI, BSE, and NSE. CMPDIL operates as a wholly owned subsidiary of Coal India Limited.
The RHP filing pertains to the proposed initial public offering (IPO) of CMPDIL, which will consist of an offer for sale (OFS) of up to 10.71 crores equity shares by Coal India Limited. The proposed IPO remains subject to necessary regulatory approvals, prevailing market conditions, and other relevant factors.
The company further stated that the disclosure has been made to ensure timely dissemination of material information and to comply with the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This development marks the second subsidiary of Coal India preparing for a market listing, following Bharat Coking Coal Limited (BCCL). BCCL was listed on the stock exchanges on 19th January, where its shares made a strong debut, listing at a 96.5 percent premium over the IPO price of Rs. 23 per share.
Financials
Coal India reported a marginal decline in revenue from operations, experiencing a year-on-year decrease of more than 5 percent, from Rs. 36,859 crores in Q3 FY25 to Rs. 34,924 crores in Q3 FY26. Likewise, its net profit declined during the same period from Rs. 8,491 crores to Rs. 7,166 crores, representing a fall of around 16 percent YoY.
Coal India Limited (CIL) is a Maharatna company primarily involved in the business of mining and production of coal. The major consumers of the company are the power and steel sectors, along with other sectors, including cement, fertilisers, brick kilns, etc.
Central Mine Planning & Design Institute Limited (CMPDI) is a Government of India enterprise and a Mini Ratna (Category I) having its corporate headquarters at Ranchi in India. It is a premier consultant in India and the preferred partner in mining, with an objective to provide total consultancy in coal and mineral exploration, mining, engineering and allied fields, including environmental monitoring and geomatics services.
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