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The IPO will be a pure offer for sale (OFS) of up to 46.57 crore equity shares by Coal India. No new shares will be issued, meaning the proceeds will go entirely to the parent company. Key details such as the price band and lot size will be disclosed later in consultation with the book-running lead managers.
ICICI Securities and IDBI Capital Markets and Securities are the book-running lead managers for the BCCL IPO, while KFin Technologies will act as the registrar.
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This filing comes just a week after another Coal India subsidiary, Central Mine Planning & Design Institute (CMPDI), filed its DRHP for a similar OFS-based IPO involving 7.14 crore shares.
Both BCCL and CMPDI aim to list on NSE and BSE, potentially increasing market visibility and operational flexibility. The offerings also provide investors with exposure to India’s energy and mining consultancy sectors.Also Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4Founded in 1975, CMPDI is a leading consultancy and support services provider in coal and mineral exploration, mine planning, environmental management, infrastructure engineering, and specialized mining technologies. It is the preferred advisor to Coal India and holds the largest market share in coal and mineral consultancy in the country.
With seven regional institutes across India—including in Asansol, Dhanbad, Ranchi, Nagpur, and Bhubaneswar—CMPDI operates across the full mining lifecycle. It serves a broad client base, including government departments and public sector enterprises.
In FY25, CMPDI reported a profit of Rs 667 crore on revenues of Rs 2,103 crore, up from Rs 503 crore and Rs 1,732 crore, respectively, in FY24. As of March 31, 2025, its net worth stood at Rs 2,042 crore, with zero borrowings. The company posted strong financial metrics, with a return on net worth (RoNW) of 32.7% and EBITDA margins exceeding 30%.
CMPDI’s revenue is largely driven by Coal India subsidiaries, which contributed around 67% of its top line in FY25.
SBI Capital Markets and IDBI Capital are the lead managers for CMPDI’s IPO.
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