The IPO of Central Mine Planning & Design Institute Limited is a book-built issue worth ₹1,842.12 crore. The entire issue is an offer for sale (OFS) of 10.71 crore shares, meaning the company will not receive any funds from the IPO.
The IPO will open for subscription on March 20, 2026, and close on March 24, 2026. The allotment of shares is expected to be finalised on March 25, 2026, and the company’s shares are likely to list on BSE and National Stock Exchange of India on March 30, 2026.
The price band for the IPO is set at ₹163 to ₹172 per share, and investors must apply for at least one lot of 80 shares. At the upper price band, the minimum investment for retail investors is ₹13,760.
For small non-institutional investors (sNII), the minimum application is 15 lots (1,200 shares), which amounts to ₹2,06,400. For big non-institutional investors (bNII), the minimum application is 73 lots (5,840 shares), requiring an investment of ₹10,04,480.
The IPO is being managed by IDBI Capital Markets & Securities Limited as the book running lead manager, while **Kfin Technologies Limited is acting as the registrar for the issue.
Industry Outlook
- Central Mine Planning & Design Institute Limited is a leading consultancy firm in coal and mineral exploration, holding about 61% market share in FY2025.
- For the 9 months ended December 2025, the company reported a 9% rise in profit to ₹425.4 crore, while revenue increased by 9.3% compared to the previous period.
- Growing focus on sustainable mining, coal exploration, and mine closure planning is expected to create a steady flow of projects, especially as coal continues to play an important role in India’s energy needs.
- Being a subsidiary of Coal India Limited provides the company with strong backing, operational support, and access to major mining projects.
Central Mine Planning & Design Institute IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- The IPO of Central Mine Planning & Design Institute Limited is mainly conducted to sell up to 107.1 million equity shares by the promoter selling shareholder through an Offer for Sale (OFS). The listing will also help the company’s shares get listed on stock exchanges.
- Listing the shares on the stock exchanges is expected to increase the company’s visibility and brand recognition, while also providing better liquidity and a public trading market for its equity shares in India.
- The company will not receive any funds from the IPO. All proceeds from the offer will go to the promoter selling shareholder after deducting IPO-related expenses and applicable taxes.
- The IPO will involve expenses such as listing fees, underwriting fees, brokerage, selling commissions, registrar charges, legal fees, marketing and advertising costs, and other administrative expenses related to the listing process.
- Most of the IPO-related expenses will be borne by the promoter selling shareholder, while certain marketing and legal costs will be handled by the book running lead managers.
- If the company makes any payments related to the IPO, these will be reimbursed by the promoter selling shareholder.
- In case the IPO is withdrawn, unsuccessful, or fails to receive listing approval, all related costs will still be borne by the promoter selling shareholder.
- Since the IPO is entirely an Offer for Sale, the company does not need to appoint a monitoring agency to track the use of funds.
- None of the directors, key managerial personnel, or senior management will receive any portion of the IPO proceeds.
About Central Mine Planning & Design Institute Limited
Central Mine Planning & Design Institute Limited (CMPDI), incorporated in 1974, provides consultancy and support services for coal and mineral exploration, as well as mine planning and design. The company also offers services such as infrastructure engineering, environmental management, specialised technology solutions, and management systems, mainly for the coal and mining sector. CMPDI is one of the largest coal and mineral consultancy firms in India and held around 61% market share in FY2025. It also acts as a key consulting partner to Coal India Limited.
The company operates through several business verticals, including geological exploration and resource evaluation, mine planning and design services, environmental planning and monitoring, and geomatics, remote sensing, and survey services. CMPDI has strong infrastructure and technical capabilities that allow it to perform a wide range of activities in the coal and minerals sector. As of March 31, 2025, the company operated one of the largest fleets of exploratory drilling equipment in India for coal and mineral exploration.
As of December 31, 2025, CMPDI had seven regional institutes located in major coal-producing states such as Madhya Pradesh, Chhattisgarh, Odisha, and West Bengal, which help manage projects efficiently and support local mining operations. 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, demonstrating its ability to handle large-scale mining projects. In addition, CMPDI operates eight well-equipped laboratories across different coalfields, where experienced professionals conduct coal testing and analysis to support exploration and quality assessment.
How To Check the Allotment Status of the Central Mine Planning & Design Institute IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Central Mine Planning & Design Institute IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Central Mine Planning & Design Institute IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Central Mine Planning & Design Institute IPO
Registered office: Central Mine Planning & Design Institute Ltd. Address- Gondwana Place, Kanke Road, Ranchi, Jharkhand, 834008
Phone: 0651 - 2230169
E‑mail: complianceoff.cmpdi@coalindia.in
Central Mine Planning & Design Institute IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.0% of the Offer |
| Retail Shares Offered | Not less than 35.0% of the Offer |
| NII Shares Offered | Not less than 15.0% of the Offer |
Central Mine Planning & Design Institute IPO Promoter Holding
The promoters of the company are President of India, acting through the Ministry of Coal, Government of India and Coal India Limited.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue |
Key Performance Indicators for Central Mine Planning & Design Institute IPO
| KPI | Dec 31, 2025 | Mar 31, 2025 |
| ROCE | 27.1% | 48.6% |
| RoNW | 20.3% | 36.7% |
| PAT Margin | 27.60% | 30.60% |
| EBITDA Margin | 38.50% | 42.10% |
| Price to Book Value | — | 6.01 |
Central Mine Planning & Design Institute IPO Prospectus
Central Mine Planning & Design Institute IPO Registrar and Lead Managers
Central Mine Planning & Design Institute IPO Lead Managers
- IDBI Capital Markets Services Ltd
- SBI Capital Markets Ltd
Registrar for Central Mine Planning & Design Institute IPO
Kfin Technologies Ltd.
- Contact Number:04067162222, 04079611000
- Email Address: centralmine.ipo@kfintech.com
Financial Performance of Central Mine Planning & Design InstituteLimited
| Particulars | As of Dec 31, 2025 | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Assets (Crore) | 2,911.12 | 2,682.80 | 2,171.37 | 1,919.53 |
| Total Income (Crore) | 1,543.93 | 2,177.53 | 1,770.18 | 1,398.78 |
| Profit After Tax (Crore) | 425.36 | 666.91 | 503.23 | 296.66 |
| EBITDA (Crore) | 593.85 | 915.71 | 764.44 | 395.65 |
| Net Worth (Crore) | 2,153.78 | 2,041.85 | 1,591.61 | 1,217.65 |
| Reserves and Surplus (Crore) | 2,010.98 | 1,899.05 | 1,448.81 | 1,074.85 |
Central Mine Planning & Design Institute Limited Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
| Central Mine Planning & Design Institute Limited | 9.30 | 9.30 | 28.60 | — | 36.70 | — |
| Engineers India Limited | 10.30 | 10.30 | 47.50 | 19.90 | 23.50 | 3.40 |
| Rites Limited | 8.00 | 8.00 | 57.20 | 25.20 | 15.50 | 3.91 |
Strengths and Opportunities of Central Mine Planning & Design Institute IPO
- Central Mine Planning & Design Institute Limited is a key consulting partner for Coal India Limited and the Ministry of Coal. This strong relationship gives the company good business opportunities and makes it a trusted “one-stop solution” for mining consultancy services in India.
- The company is debt-free and has strong financial performance. It reported a Profit After Tax (PAT) of ₹666.91 crore in FY2025 and a ROCE of 48.6%, reflecting efficient operations and healthy profitability.
- CMPDI offers multiple services such as geological exploration, resource evaluation, mine planning, environmental management, and infrastructure design, making it a multidisciplinary consultancy in the mining sector.
- With nearly 50 years of experience, the company has built strong expertise and has prepared more than 700 geological exploration reports in the last decade.
- The company is supported by an experienced management team and a highly skilled technical workforce, which helps it deliver quality services and manage complex mining projects efficiently.
Risks and Threats of Central Mine Planning & Design Institute IPO
- The IPO of Central Mine Planning & Design Institute Limited is entirely an Offer for Sale of 10.71 crore shares by Coal India Limited. This means the company itself will not receive any funds from the IPO for business expansion or future growth.
- A large share of CMPDI’s revenue comes from Coal India Limited and its subsidiaries, which makes the company highly dependent on one major client for its business.
- Since CMPDI mainly provides services to the coal and mining sector, any shift away from coal due to environmental policies or sustainability goals could reduce demand for its services in the long term.
- The company depends on external vendors for specialized activities such as drilling and geophysical exploration, which may create risks of project delays if these vendors do not perform as expected.
- The business requires a large workforce and technical equipment, making it sensitive to rising employee costs, maintenance expenses, or possible work disruptions.
- The IPO is being launched during a period of market volatility and geopolitical uncertainties, along with weak performance of some recent IPO listings, which could affect investor sentiment.
