New Delhi, March 20 -- The Central Mine Planning and Design Institute (CMPDIL), a subsidiary of the government-owned Coal India, will be available for subscription starting March 20 and will close on March 24.

CMPDIL IPO price band has been set between Rs.163 and Rs.172 per share, which estimates the company's valuation at approximately Rs.12,280 crore at the upper end, as stated by the company.

Central Mine Planning and Design Institute raised Rs.470 crore from anchor investors prior to the opening of its initial share sale for public subscription.

Among the anchor investors are Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insuran...