Subscribe for Central Mine Planning and Design Institute Ltd IPO; Choice Equity Broking

IPO

Choice Equity Broking, Central Mine Planning and Design Institute Ltd

Central Mine Planning & Design Institute Ltd. (CMPDIL): Incorporated in 1975 as a wholly owned subsidiary of Coal India Ltd (CIL), it is one of India’s leading coal & mineral consultancy firms, offering end-to-end services across the mining lifecycle - from exploration & mine planning to infrastructure engineering, environmental management, geomatics, specialized technology services & management systems, primarily for the coal industry as well as for other minerals. With a dominant market share of 61% in FY25 and a long-standing association as the preferred consultant to CIL, the company leverages nearly five decades of experience to deliver integrated, technology-driven solutions. Recognized as a Mini Ratna (Category I) company, CMPDIL has built a strong track record with over 320 project reports in the last decade, positioning itself as a key enabler in India’s mining and exploration sector. This issue is entirely an OFS (Rs. 1,745.73 - 1,842.12cr). The company will not receive any proceeds of the OFS.

Valuation and Outlook

While risks such as regulatory uncertainties, & exposure to government funding persist, the company’s stable earnings profile, market leadership, and growth visibility support a favourable risk-reward. Thus, we recommend a “SUBSCRIBE” rating.

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