Central Mine Planning & Design Institute Ltd (CMPDI) IPO share allotment is expected today. The Rs 1,842 crore Offer for Sale (OFS) saw full subscription, driven by Qualified Institutional Buyers. Investors can check their allotment status on BSE or the registrar's website.

CMPDI IPO allotment: Did you receive Coal India subsidiary's shares? Check status, GMP, issue timeline

Synopsis

Central Mine Planning & Design Institute Ltd (CMPDI) IPO share allotment is expected today. The Rs 1,842 crore Offer for Sale (OFS) saw full subscription, driven by Qualified Institutional Buyers. Investors can check their allotment status on BSE or the registrar's website.

The share allotment for Central Mine Planning & Design Institute Ltd (CMPDI) IPO is likely to be finalised on Wednesday. Investors who applied for the mainboard issue can check the allotment status by visiting the BSE or the website of the registrar, KFin Technologies Limited. On the allotment date, investors learn about the number of shares allotted to them against the bids made.

CMPDI is a wholly-owned subsidiary of state-miner Coal India Limited (CIL).

CMPDI IPO subscription status

The Rs 1,842 crore IPO of Coal India’s subsidiary, managed to sail through on the final day of bidding. By the end of Day 3, the issue was fully subscribed at 1.05 times the 7.97 crore shares on offer. The issue received over 8.36 crore share bids. Demand was mainly driven by Qualified Institutional Buyers (QIBs), who subscribed the IPO 3.48 times their quota, while Retail Individual Investors (RIIs) showed muted interest at just 33%.

The non-institutional investors' (NII) quota also failed to get fully booked, managing only 35% subscription.

Here's how you can check the status on BSE:

Step 1: Visit the BSE 'Status Application Check' page https://www.bseindia.com/investors/appli_check.aspx

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Step 2: Select Issue Type: Equity/Debt

Step 3: Put PAN/Application No. and enter checkbox 'I'm not a robit'.

Step 4: Submit 'Search'

Central Mine Planning IPO GMP

Shares of Central Mine Planning IPO were commanding a grey market premium (GMP) of Rs 8 per share. With the price band of 172, the estimated listing price is around Rs 180. The expected percentage gain/loss per share is around 5%.

CMPDI IPO timeline

There will be a public holiday on Thursday, March 26 on account of Shri Ram Navami so the initiation of refunds for those investors who have not got allotment will be on Friday, March 27. The shares will likely be credited to the demat accounts on this day. The stock will be listed on Monday, March 30.

About the IPO

The IPO is entirely an Offer for Sale (OFS) amounting to Rs 1,842 crore, meaning the company will not receive any proceeds. The price band is set at Rs 163–172 per share, and the stock is expected to list on the BSE and NSE on March 30.

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About the company

CMPDI is a prominent mining consultancy firm offering comprehensive services across coal and mineral exploration, mine planning, environmental management, and geomatics. It holds a strong position in the Indian market, with an estimated 61% share in the coal and mineral consultancy segment, and acts as a key partner to Coal India.

Financially, the company has demonstrated solid performance, reporting revenue of Rs 2,178 crore in FY25 and a net profit of Rs 667 crore, supported by EBITDA margins exceeding 42%.

At the upper end of its price band, the IPO is valued at around 18–21 times earnings, which analysts view as reasonable considering its high profitability and asset-light business model.

That said, CMPDI’s heavy reliance on Coal India and the broader coal sector exposes it to concentration and industry-specific risks.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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