Coal Mine Planning & Design Institute Ltd (CMPDIL), a subsidiary of Coal India Ltd, is preparing to enter the capital markets with an initial public offering (IPO). The company recently submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) and is currently awaiting initial observations. CMPDIL’s public issue will be entirely an offer for sale, with no fresh shares being issued. Coal India plans to offload up to 7.14 crore shares.