Coal Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned , is gearing up to launch its initial public offering (IPO) on March 20.
The company’s maiden public offering will conclude on March 24, while bidding for anchor investors will take place on March 18, according to the red herring prospectus (RHP).
The issue will be entirely an offer-for-sale (OFS) of 10.71 crore shares by Coal India, with no fresh issue component.
IDBI Capital Markets and Securities and SBI Capital Markets are the book-running lead managers for the public issue.
Earlier, Bharat Coking Coal (BCCL), another subsidiary of Coal India, came out with its ₹1,071-crore IPO in January.