Coal India Subsidiary Central Mine Planning IPO: 10 Key Things To Know Before You Subscribe

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IDBI Capital Report

Central Mine Planning IPO Details

1. Central Mine Planning and Design Institute Ltd. (CMPDI), a subsidiary of Coal India Ltd., is scheduled to launch its initial public offering (IPO) on March 20 and the offer closes for subscription on March 24.

2. The mainboard IPO is a book-built issue worth Rs 1,842.12 crore.

3. The Central Mine Planning IPO is entirely an offer-for-sale (OFS) of 10.71 crore shares, meaning the company will not receive any proceeds from the IPO, and the entire amount of money will go to the selling shareholders.

4. The company has fixed the price band in the range of Rs 163 to Rs 172.

5. Retail investors can bid for a minimum lot of 80 equity shares of face value Rs 2 and multiples of 80 equity shares of face value Rs 2 each thereafter.

6. IDBI Capital Markets Services Ltd. is serving as the book-running lead manager for the issue, while Kfin Technologies Ltd. is the registrar to the offer.

7. The allotment of shares is expected to be finalised on March 25.

8. The shares will list on both BSE and NSE, with a tentative listing date of March 30.

9. Key Investment rationale

Multifaceted organization providing a wide array of service.

Key consulting partner to Coal India Limited and Ministry of Coal with a diverse client base.

Solid Prowess in exploration projects coupled with superior infrastructure assets.

10. About the company

Central Mine Planning and Design Institute offers consultancy and support services for the entire spectrum of coal, mineral exploration, mine planning and design services. The services also include infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, primarily for the coal industry as well as for other minerals.

CMPDI is the largest coal and mineral consultancy in India and is the preferred consultant for Coal India. CMPDI was incorporated on November 1, 1975 as a wholly owned subsidiary of Coal India.

The company was conferred the status of Mini Ratna (Category II) company in 2009 and was further upgraded to the status of Mini Ratna (Category I) company in 2019. With almost five decades of experience and having published numerous project reports, CMPDI has continuously adapted to the changing landscape of the industry, integrating advanced technologies and practices that enhance operational efficiency and safety.

CMPDI also functions as the nodal agency on behalf of GoI for schemes funded by MoC including science and technology projects, exploration work in non-Coal India blocks and for projects funded by Coal India Research and Development Board.

It is also the implementing agency for coal based nonconventional energy resources, including CBM and liaisons between Ministry of Coal, Coal India Ltd. , and coal producing companies on technical and operational matters.

The company also serves as the in-house consultant and advisor for coal-producing companies under Coal India. As of December 31, 2025, CMPDI operated a network of eight well-equipped laboratories located across various coalfields, which are also staffed by a dedicated team with technical experience in coal testing.

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