STOCKWATCH
·
Coal
New Launch27 May 2025, 02:45 pm

Coal India Subsidiary, CMPDIL, Files DRHP for Proposed IPO with SEBI

AI Summary

Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited (CIL), has filed a draft red herring prospectus (DRHP) with SEBI, BSE, and NSE. The DRHP filing is in connection with the proposed initial public offering (IPO) of CMPDIL, which includes an offer for sale of up to 71,400,000 equity shares by CIL. The IPO is subject to applicable approvals, market conditions, and other relevant considerations. This disclosure is made for the purpose of disseminating material information and complying with regulatory requirements as per Regulation 30 of the SEBI (LODR) Regulations 2015.

Key Highlights

  • CMPDIL, a wholly owned subsidiary of Coal India Limited, files DRHP for proposed IPO
  • The IPO comprises an offer for sale of up to 71,400,000 equity shares by Coal India Limited
  • The DRHP filing is subject to applicable approvals, market conditions, and other relevant considerations
  • The disclosure aims to disseminate material information and comply with regulatory requirements
  • Coal India Limited subsidiary's IPO is a significant event in the Indian stock market
COALINDIA
Coal
COAL INDIA LTD.

Price Impact