New Delhi, March 20 -- The initial public offering (IPO) of Central Mine Planning and Design Institute (CMPDIL), a subsidiary of the government-owned Coal India, will be available for subscription from March 20 to March 24.

CMPDIL IPO price band has been set between Rs.163 and Rs.172 per share, pegging the company's valuation at approximately Rs.12,280 crore at the upper end of the range.

Central Mine Planning and Design Institute raised Rs.470 crore from anchor investors before the opening of its initial share sale.

Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India, and Edelweiss Life Insurance Company ar...