JSA Advocates & Solicitors (JSA) has advised Coal India Limited (“CIL”) and Central Mine Planning & Design Institute Limited (“CMPDIL”), a Mini Ratna subsidiary of CIL, in connection with the initial public offering (“IPO”) of CMPDIL, aggregating to ₹18,414.5 million.
The proposed IPO forms part of the Government of India’s broader disinvestment strategy, led by the Ministry of Coal and CIL, aimed at unlocking value across CIL’s subsidiary portfolio. CMPDIL, the group’s dedicated mine planning and design arm, will become the second CIL subsidiary to be listed, following the earlier listing of Bharat Coking Coal Limited.
Notably, the offering marks the first-ever public listing of a pure-play mining design and prospecting company in India, underscoring the growing investor interest in specialised mining services and technical capabilities.
According to media reports, additional subsidiaries of CIL are also expected to be considered for listing in the coming months, as part of the ongoing value realisation initiative.
The JSA team was led by Arka Mookerjee, Partner with support from Pracheta Bhattacharya, Partner; Sourav Modi, Partner;Jeebitesh Bhattacharya, Senior Associate and Aditya Shendye, Associate.
Arka Mookerjee is a Partner and Co-Head of the Equity Capital Markets practice, with over 21 years of experience advising on India’s most complex and high-value transactions. Widely recognised for pioneering mandates—including India’s first QIP and InvIT IPO—he represents issuers, underwriters and investors across capital markets and investment structures. Arka actively engages with regulators and industry bodies, playing a key role in shaping India’s evolving capital markets framework.