Another PSU IPO coming up, Many HNI's are looking for this one ae you also, check out now!!

 Another PSU IPO coming up! 🚨

Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India Limited, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO. Here are the key details:

Issue Size: 7.14 crore shares (Fully Offer for Sale)
Face Value: ₹2 per share
Retail Quota: 35%
Shareholder Quota: Available for Coal India shareholders

Why It’s Interesting:

Being a PSU and a Coal India subsidiary, it may attract attention from investors looking for stability and dividends.
Fully OFS means no fresh funds raised by the company — just the parent (Coal India) selling its stake.

Before applying, it’s worth checking:


1. CMPDI’s financials and growth prospects
2. Industry outlook (mining and consultancy)
3. Valuation and market conditions at the time of IPO.

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