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05 Mar, 2026
Central Mine Planning & Design Institute IPO
Central Mine Planning and Design Institute IPO Details
The Central Mine Planning & Design Institute IPO (CMPDIL IPO) is a 100% book-built issue consisting entirely of an offer for sale (OFS) of up to 10.71 crore equity shares worth up to ₹1,842 crore, with a face value of ₹2 per share. The company filed its DRHP with SEBI on May 26, 2025.
The price band for this issue is set at ₹163 to ₹172 per share and the lot size for an application is 80 shares. The IPO will open for subscription from March 20 to 24, 2026, on the BSE and NSE platforms, with a tentative listing date fixed as March 30, 2026.
The book running lead manager of this issue are IDBI Capital Markets & Securities Ltd. and SBI Capital Markets Ltd., while KFin Technologies Ltd. serves as the registrar to the offer.
Central Mine Planning and Design Institute IPO Date & Time
The Central Mine Planning and Design Institute IPO is officially set to open for subscription on Mar 20, 2026 and will close on Mar 24, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on May 26, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, the finalization of the basis of allotment is expected on Mar 25, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on March 27, 2026. Finally, the Central Mine Planning and Design Institute Ltd. shares are tentatively scheduled to list on the stock exchanges on March 30, 2026.
Central Mine Planning and Design Institute IPO GMP (Grey Market Premium)
Grey Market Premium (GMP) refers to the unofficial price at which IPO shares are traded before their official listing on stock exchanges.
Currently, the CMPDIL IPO GMP is trading at ₹3 (1.74%), reflecting market sentiment prior to listing. This suggests a potential listing price of ₹175, representing a premium of 1.74% above the issue price. However, GMP is volatile and should not be considered the sole basis for investment decisions.
Company Background
Central Mine Planning & Design Institute Ltd. was incorporated in 1975 and operates as a subsidiary of Coal India Ltd., a public sector undertaking under the Government of India. The company is headquartered in Ranchi, Jharkhand.
Initially established to provide specialized planning and design services for coal mining, CMPDIL has evolved into a leading mining consultancy organization offering technical and research support across the mining sector.
Operations and Product Range
CMPDIL acts as the primary technical adviser to the Government of India for coal block allocation, mine planning, and exploration activities. The company provides services including geological exploration, project planning, detailed mine design, and environmental management for mining projects.
It also serves as the nodal agency coordinating research activities for the coal industry, funded by the Ministry of Coal and Coal India Ltd. The company works with major mining organizations and government agencies involved in national energy security.
Facilities and Capacity
CMPDIL operates well-established research and exploration facilities, including specialized environmental research infrastructure. Its operational capabilities include advanced drilling equipment and logistical support for geological surveys and mine planning projects.
Brands and Market Presence
Operating under the CMPDIL and Coal India brand association, the company holds a dominant position in technical consultancy within India’s coal sector. While primarily focused on coal-related services, it also provides consultancy services for other minerals such as bauxite and iron ore.
Revenue Streams and Business Model
CMPDIL primarily generates revenue through consultancy and exploration services related to coal and mineral mining projects. Its business model is closely tied to its role as a technical advisor to the Government of India and its association with Coal India Ltd.
Management and Shareholding
CMPDIL is a wholly owned subsidiary of Coal India Ltd., which holds the entire equity stake before the IPO. The current offering is structured as a divestment by Coal India Ltd. through an Offer for Sale (OFS).
Board and Key Management
The board and management team represent the interests of the government and the parent organization. Key personnel include Company Secretary and Compliance Officer Abhishek Mundhra and CFO Sudip Dasgupta. Coal India Ltd. remains the primary stakeholder in the transaction.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Central Mine Planning & Design Institute IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Central Mine Planning & Design Institute IPO Details
| Detail | Description |
|---|---|
| IPO Date | 20 to 24 Mar, 2026 |
| Listing Date | Mon, Mar 30, 2026 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹163 to ₹172 |
| Lot Size | 80 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 10,71,00,000 shares (agg. up to ₹1,842 Cr) |
| Offer for Sale | 10,71,00,000 shares of ₹2 (agg. up to ₹1,842 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 71,40,00,000 shares |
| Share Holding Post Issue | 71,40,00,000 shares |
Central Mine Planning & Design Institute IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Mar 20, 2026 |
| IPO Close Date | Tue, Mar 24, 2026 |
| Tentative Allotment | Wed, Mar 25, 2026 |
| Initiation of Refunds | Fri, Mar 27, 2026 |
| Credit of Shares to Demat | Fri, Mar 27, 2026 |
| Tentative Listing Date | Mon, Mar 30, 2026 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the Bid/Offer Closing Date |
Central Mine Planning & Design Institute IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 80 | ₹13,760 |
| Individual investors (Retail) (Max) | 14 | 1,120 | ₹1,92,640 |
| S-HNI (Min) | 15 | 1,200 | ₹2,06,400 |
| S-HNI (Max) | 72 | 5,760 | ₹9,90,720 |
| B-HNI (Min) | 73 | 5,840 | ₹10,04,480 |
Central Mine Planning & Design Institute IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | 85% |
Competitive Strength:
- • Primary technical consultant for coal block allocations and mine planning in India.
- • Acts as the nodal agency for coordinating coal sector research funded by the Ministry of Coal.
- • Integration with national energy security goals and government agencies.
Central Mine Planning & Design Institute IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 2,911.12 | 1,543.93 | 425.36 | 2,153.78 | 2,010.98 | 0.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 2,682.80 | 2,177.53 | 666.91 | 2,041.85 | 1899.05 | 0.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 2,171.37 | 1,770.18 | 503.23 | 1,591.61 | 1448.81 | 0.00 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 1,919.53 | 1,398.78 | 296.66 | 1,217.65 | 1074.85 | 0.00 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 48.6% |
| RoNW | 36.7% |
| PAT Margin | 30.60% |
| EBITDA Margin | 42.10% |
| Price to Book Value | 6.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.3 | 7.94 |
| P/E (x) | 18.41 | 21.65 |
Central Mine Planning & Design Institute IPO Objectives
As the Central Mine Planning & Design Institute IPO is entirely an offer for sale, the company will not receive any proceeds from the issue. The key objectives are:
- • Providing liquidity to the selling shareholder, Coal India Ltd., by allowing them to monetize their stake.
- • Achieving the various benefits associated with listing the equity shares on the stock exchanges.
Central Mine Planning and Design Institute IPO Review
CMPDIL plays a critical role in India’s energy infrastructure by providing technical expertise for coal block allocation, exploration, and mine planning. Its specialized services in exploration, environmental management, and project design support regulatory compliance and operational efficiency in the mining sector.
The IPO aims to unlock value for the promoter, Coal India Ltd., through divestment while enhancing transparency and corporate credibility through public listing.
Although the company benefits from a stable consultancy-based revenue model, investors should note that its business remains closely linked to the coal sector and government energy policies. Any major shifts toward renewable energy could influence long-term growth prospects.
Conclusion
The CMPDIL IPO offers investors an opportunity to participate in a specialized PSU that plays a crucial role in India’s mining and energy ecosystem. With decades of technical expertise in coal exploration and mine planning, the company remains a key support organization for the Ministry of Coal. Listing on the stock exchange marks an important step in its corporate development while enabling continued expansion into consultancy services for non-coal minerals.
RHP:
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Frequently Asked Questions (FAQs)
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What is the total issue size of the Central Mine Planning & Design Institute IPO?
The IPO consists of up to 71,400,000 equity shares offered by Coal India Ltd.
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Who is the selling shareholder in the Central Mine Planning & Design Institute IPO?
Coal India Ltd. is solely responsible for the offer and proceeds.
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What is the face value of the shares?
The face value of CMPDIL’s equity share is ₹2 each.
-
Where is the Central Mine Planning & Design Institute Ltd. headquartered?
The company is headquartered in Ranchi, Jharkhand.
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Is there a fresh issue of shares in the Central Mine Planning & Design Institute IPO?
No, the Central Mine Planning & Design Institute IPO is 100% an Offer for Sale (OFS).
