Coal India Subsidiary CMPDIL Secures Rs 470 Crore from Anchor Investors Before IPO

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Coal India's Arm CMPDIL Raises Rs 470 Cr from Anchor Investors Ahead of IPO

Representational image (Image: News18)

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News18•18-03-2026, 22:00

Coal India's Arm CMPDIL Raises Rs 470 Cr from Anchor Investors Ahead of IPO

•Central Mine Planning and Design Institute (CMPDIL), a Coal India subsidiary, secured Rs 470 crore from anchor investors.
•Key anchor investors include LIC, Nippon India MF, Edelweiss MF, ICICI Prudential MF, Baring Private Equity, and General Insurance Corporation.
•Global firms like Societe Generale, Citigroup, Goldman Sachs, and BNP Paribas also participated.
•CMPDIL allotted 2.73 crore shares to 22 funds at Rs 172 each, totaling Rs 469.74 crore.
•The Rs 1,842-crore IPO opens March 20-24, with a price band of Rs 163-172 per share.

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