Overview
- The offer is a pure offer for sale of up to 10.71 crore shares by Coal India, with no new shares and no proceeds to CMPDI.
- The price band is Rs 163–172 per share with a face value of Rs 2, and the minimum retail application is 80 shares costing Rs 13,760 at the top end.
- Investor allocation is set at 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
- IDBI Capital and SBI Capital are the book-running lead managers and Kfin Technologies is the registrar, with UPI mandate confirmation due by March 24 and a tentative March 30 listing on BSE and NSE.
- CMPDI holds about a 61% market share and reported FY25 revenue of Rs 2,177 crore and profit after tax of Rs 667 crore, while grey-market quotes suggest a premium that remains unofficial and subject to change.