Coal India for IPO with DRHP Files SEBI for India Cocking Coal

Coal India has submitted a draft of Red Harring Prospectus (DRHP) for its fully owned subsidiary, India Cocking Coal (BCCL) proposed initial public offer (IPO), to Sebi and Stock Exchanges NSE and BSE.

IPO Coal India will have a pure offer for the sale of equity shares up to 46.57 crore. No new stocks will be issued, that is, income will go to the parent company. Key details like price band and flour size will be announced later with the advice of lead managers running the book.

ICICI Securities and IDBI Capital Markets and Securities are lead managers running a book for BCCL IPOs, while KFIN technologies will work as a registrar.

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This filing comes a week after the second Coal India subsidiary, Central Mine Planning and Design Institute (CMPDI), filing its DRHP for the same OF-based IPO associated with 7.14 million shares.

Both BCCL and CMPDI aim to list on the NSE and BSE, increasing the potential market visibility and operational flexibility. In these opportunities, investors are also provided with contact with India’s ENERGY and Mining Consultancy sector.

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Founded in 1975, CMPDI is a leading consultancy and support service provider in coal and mineral research, mine planning, environmental management, infrastructure engineering and special mining technologies. He is a priority consultant in Coal India and has the largest market in coal and mineral consultant in the country.

Along with seven regional organizations across India, including Asanol, Dhanbad, Ranchi, Nagpur and Bhubaneswar – CMPDI works in the full mining cycle. It serves comprehensive consumer support, including government departments and public sector enterprises.

In FY 25, CMPDI has raised Rs 503 crore and Rs. 1,732 crore on income of Rs. 2,103 crore on income of Rs. 667 crore profit was registered. As of March 31, 2025, its net value was worth Rs 2,042 crore with zero borrowing. The company posted a strong financial matrix, with a net worth of 32.7% (RonW) and EBITDA margin with a return of more than 30%.

CMPDI’s revenue is largely driven by Coal India subsidiaries, which contributed 67% of its top line in FY 25.

SBI Capital Markets and IDBI Capital are lead managers for CMPDI IPOs.

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