Central Mine Planning & Design Institute IPO is a bookbuilt issue of Rs 1,842.12 crore. This issue is entirely an offer for sale of 10.71 crore shares with no fresh issue.
The IPO opens for subscription on March 20, 2026 and closes on March 24, 2026. The allotment is expected to be finalized on Wednesday, March 25, 2025. The price band for the IPO is set at ₹163 to ₹172 per share, and the minimum lot size for an application is 80 shares.
Company Summary
Incorporated in 1974, Central Mine Planning & Design Institute Limited (CMPDI) offers consultancy and support services across the entire spectrum of coal and mineral exploration and mine planning and design.
The company’s services also include infrastructure engineering, environmental management, specialised technology services, and management systems, primarily for the coal industry and other minerals. They are one of the largest coal and mineral consultancy companies in India, with a market share of 61.0% in Fiscal 2025, and are the preferred consultant for Coal India Limited.
The company is supported by an advanced infrastructure that enables it to carry out a wide range of activities in the coal and minerals sector. As of March 31, 2025, it operates one of the largest fleets of exploratory drilling equipment for coal and mineral exploration in India.
As of December 31, 2025, the company operates seven regional institutes located in key coal-producing states, including Madhya Pradesh, Chhattisgarh, Odisha, and West Bengal. These institutes help the company manage projects efficiently on the ground and work closely with local mining operations. Its facilities and technical capabilities allow it to deliver reliable and high-quality services across its various business verticals. The company has also planned open-cast mines with an annual production capacity of up to 85 million tonnes and mining depths reaching up to 420 meters, highlighting its ability to handle large-scale mining projects.
In addition, as of December 31, 2025, the company operates a network of eight well-equipped laboratories across different coalfields. These laboratories are staffed by experienced technical professionals who specialise in coal testing and analysis, supporting the company’s exploration and quality assessment activities.
The company also actively participates in drilling and exploration initiatives in the coal and other minerals sector with support from the National Mineral Exploration and Development Trust (NMET). As of December 31, 2025, it had submitted eleven exploration proposals to NMET for minerals such as bauxite, copper and associated minerals, magnetite and associated minerals, and zinc and associated minerals. Out of these proposals, six projects were approved, and four of the approved projects have already been completed.
Business Segments
The company has the following business Verticals:
- Geological Exploration and Resource Evaluation.
- Mine Planning and Design Services.
- Environmental Planning and Monitoring Services.
- Geomatics, Remote Sensing, and Survey Services
Company Strengths
- Multidisciplinary organization offering a comprehensive range of services.
- Key consulting partner to Coal India Limited and the Ministry of Coal with a diverse client base.
- Extensive expertise in executing exploration projects.
- Advanced infrastructure supporting a spectrum of services.
- Operations driven by the strong parentage of Coal India Limited
- Experienced management team supported by a committed employee base
- Consistent track record of growth and financial performance
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,911.12 | 2,682.8 | 2,171.37 | 1,919.53 |
| Total Income | 1,543.93 | 2,177.53 | 1,770.18 | 1,398.78 |
| Profit After Tax | 425.36 | 666.91 | 503.23 | 296.66 |
| EBITDA | 593.85 | 915.71 | 764.44 | 395.65 |
| Net Worth | 2,153.78 | 2,041.85 | 1,591.61 | 1,217.65 |
| Reserves and Surplus | 2,010.98 | 1,899.05 | 1,448.81 | 1,074.85 |
| Amount in ₹ Crore | ||||
Objectives of IPO
The company will not receive any proceeds from the Offer.
Promoters of the Company
The President of India, acting through the Ministry of Coal, Government of India, and Coal India Limited are the company promoter.
IPO Details
| IPO Date | March 20, 2026 to March 24, 2026 |
| Listing Date | March 30, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹163 to ₹172 per share |
| Lot size | 80 shares |
| Total Issue size | 10,71,00,000 shares (aggregating upto ₹1842.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 71,40,00,000 shares |
| Share Holding Post Issue | 71,40,00,000 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Upto 2 Lakhs | Allowed only if bidding amount is upto 2 lakhs |
| Only employee | Upto 5 Lakhs | Yes |
| Employee+ Shareholder |
| Yes |
| Employee+ Shareholder+ RII/NII |
| Yes for shareholder / employee/ RII |
| Shareholder+RII/NII | Shareholder limit: Upto Rs 2 lakhs | Yes for shareholder / RII |
| Employee + RII/NII | l Employee limit: (In certain cases, employees are given discount if bidding amount is upto Rs 2 Lakhs) l If applying as RII: Upto Rs 2 Lakhs l If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 80 | ₹13,760.00 |
| Retail (Max) | 14 | 1,120 | ₹1,92,640.00 |
| S-HNI (Min) | 15 | 1,200 | ₹2,06,400.00 |
| S-HNI (Max) | 72 | 5,760 | ₹9,90,720.00 |
| B-HNI (Min) | 73 | 5,840 | ₹10,04,480.00 |
Allotment Schedule
| Basis of Allotment | Wed, 25 Mar, 2026 |
| Initiation of Refunds | Fri, 27 Mar, 2026 |
| Credit of Shares to Demat | Fri, 27 Mar, 2026 |
| Tentative Listing Date | Mon, 30 Mar, 2026 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Source – SEBI, Chittorgarh
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