Central Mine Planning & Design Institute Limited (CMPDI) is set to launch its initial public offering on Friday, March 20, 2025. The IPO will offer 10.71 crore equity shares at a price band of ₹163 to ₹172 per share.
The entire issue comprises an offer for sale (OFS) of 10.71 crore shares, each with a face value of ₹2. In an OFS, existing shareholders sell their holdings through the public market rather than the company issuing fresh shares.
Investors can bid for shares within the specified price band during the subscription period. The IPO’s subscription timeline and allotment details are expected to follow standard market procedures set by the stock exchanges.
CMPDI, a government undertaking under the Ministry of Coal, is a leading organization in mine planning and design services. The public offering provides an opportunity for retail and institutional investors to participate in the company’s equity.
Prospective investors should review the draft red herring prospectus (DRHP) and final prospectus for detailed information about the company’s financials, business operations, and risk factors before making investment decisions.
The listing is anticipated to take place on the National Stock Exchange (NSE) and BSE following the completion of the subscription and allotment process.
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