Overview

• CMPDIL submitted its draft red herring prospectus to SEBI on May 27, marking the first step toward its IPO.
• The entire issue is an offer for sale of 7.14 crore Coal India shares with no fresh equity being issued.
• As a Miniratna Category I consultancy since 2019, CMPDIL posted Rs 2,102.7 crore in revenue and Rs 666.9 crore in net profit for fiscal 2025 without any borrowings.
• SBI Capital Markets and IDBI Capital Markets and Securities are the book-running lead managers, and KFin Technologies will act as registrar.
• Coal India is concurrently preparing draft IPO papers for its other subsidiary, Bharat Coking Coal Ltd, which are not yet filed.