Coal India unit Central Mine Planning seeks $1.33bn valuation, IPO opens Friday
Coal India's subsidiary, Central Mine Planning & Design Institute, has set a price band of 163 to 172 rupees per share for its 18.38-billion-rupee ($198.68 million) initial public offering, according to a newspaper advertisement.
The company, which provides consultancy and support services for coal and mineral exploration, is seeking a valuation of $1.33-billion at the upper end of the price band.
The IPO, which will be open for subscription from March 20 to March 24, comes as global markets face pressure from geopolitical tensions linked to a conflict in the Middle East.
Weak sentiment has also affected India's primary market, with seven of the 11 IPOs launched so far in 2026 listing below their initial issue prices.
Bharat Coking Coal, another subsidiary of Coal India, nearly doubled on its debut in January, supported by the strong backing of its parent company and robust demand for coking coal from steelmakers.
Central Mine Planning's IPO is entirely an offer for sale, with Coal India planning to offload up to 107.1-million shares.
The company reported a profit of 4.25-billion rupees for a nine-month period ended December 2025, up roughly 9% from year-ago period.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















