Central Mine Planning & Design Institute Limited (CMPDI IPO) is coming out with a book-built Initial Public Offering comprising 10.71 crore equity shares. The issue is entirely an Offer for Sale (OFS) of 10.71 crore shares by the selling shareholders.
The IPO will open for subscription on March 20, 2026, and close on March 24, 2026. The allotment is expected to be finalised on March 25, 2026, and the shares are proposed to be listed on BSE and NSE with a tentative listing date of March 30, 2026.
The price band and lot size for the issue are yet to be announced. As this is a complete OFS, the company will not receive any proceeds from the issue.
IDBI Capital Markets Services Ltd. and SBI Capital Markets Ltd. are acting as the Book Running Lead Managers (BRLMs) to the issue, while Kfin Technologies Ltd. has been appointed as the registrar.
(Source: RHP)
Company Overview
Incorporated in 1974, Central Mine Planning & Design Institute Limited (CMPDI) is a public sector enterprise engaged in consultancy and support services across the entire value chain of coal and mineral exploration, mine planning, and design.
The company provides services in geological exploration, mine planning and design, environmental management, geomatics and remote sensing, and infrastructure engineering. CMPDI primarily caters to the coal sector and is a key consulting partner to Coal India Limited and the Ministry of Coal. As of Fiscal 2025, it held a market share of approximately 61% in India’s coal and mineral consultancy segment.
CMPDI operates through seven regional institutes located across key coal-producing states including Madhya Pradesh, Chhattisgarh, Odisha, and West Bengal. As of December 31, 2025, the company also operated eight laboratories supporting coal testing and quality analysis.
The company possesses one of the largest fleets of exploratory drilling equipment for coal and mineral exploration in India. It has planned open-cast mines with annual production capacity of up to 85 million tonnes and mining depths reaching 420 meters, demonstrating its capability to execute large-scale mining projects.
CMPDI is sponsored by Coal India Limited and the President of India acting through the Ministry of Coal, Government of India.
(Source: RHP)
Industry Context
- India’s coal sector remains central to the country’s energy security and power generation needs.
- Government initiatives focused on domestic coal production and reduced import dependency support long-term exploration and mine development demand.
- Increased focus on scientific mining, environmental compliance, and sustainable extraction practices strengthens demand for specialised consultancy services.
- Expansion in mineral exploration beyond coal, supported by National Mineral Exploration and Development Trust (NMET), provides diversification opportunities.
- Key risks include regulatory changes, environmental clearances, coal demand volatility, and transition towards renewable energy sources.
(Source: RHP)
Business Strengths
- Multidisciplinary organisation offering comprehensive coal and mineral consultancy services
- Key consulting partner to Coal India Limited and Ministry of Coal
- Extensive experience in exploration and mine planning projects
- Advanced drilling fleet and laboratory infrastructure
- Strong parentage under Coal India Limited
- Experienced management team supported by technical workforce
- Consistent track record of financial performance
(Source: RHP)
Financial Performance
Central Mine Planning & Design Institute Ltd. – Financials (₹ in crore)
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,911.12 | 2,682.80 | 2,171.37 | 1,919.53 |
| Total Income | 1,543.93 | 2,177.53 | 1,770.18 | 1,398.78 |
| Profit After Tax | 425.36 | 666.91 | 503.23 | 296.66 |
| EBITDA | 593.85 | 915.71 | 764.44 | 395.65 |
| Net Worth | 2,153.78 | 2,041.85 | 1,591.61 | 1,217.65 |
| Reserves & Surplus | 2,010.98 | 1,899.05 | 1,448.81 | 1,074.85 |
(Source: RHP)
The company has demonstrated strong profitability margins and consistent net worth growth over the reported periods.
Key Ratios & Metrics
| KPI | 31 Dec 2025 | 31 Mar 2025 |
|---|---|---|
| ROCE | 27.10% | 48.60% |
| RoNW | 20.30% | 36.70% |
| PAT Margin | 27.60% | 30.60% |
| EBITDA Margin | 38.50% | 42.10% |
IPO Objects
As the issue is entirely an Offer for Sale the company will not receive any proceeds from the Offer.
(Source: RHP)
Market Outlook & GMP Trends
As of March 14, 2026, at 12:56 PM, the Central Mine Planning IPO grey market premium (GMP) stands at ₹22. Since the official price band has not yet been declared (currently shown as ₹0), the estimated listing price based on available grey market activity is approximately ₹22 (cap price + today’s GMP). The expected percentage gain or loss per share is currently 0.00%, as the final issue price is yet to be announced.
The GMP activity for Central Mine Planning IPO has started only in the last two sessions, and it is still early to determine a consistent trend. Grey market movements may change as more details such as price band and subscription response become available. Updates are tracked daily to reflect the latest GMP and expected listing price developments.
(Note: Grey market data is updated daily based on available market inputs. Grey market trends are unofficial and should not be considered a reliable indicator of listing performance.)
(Source: Market updates)
IPO Details
| Particulars | Details |
|---|---|
| IPO Date | 20 – 24 March, 2026 |
| Listing Date | Monday, March 30, 2026 |
| Face Value | ₹2 per share |
| Price Band | To be announced |
| Lot Size | To be announced |
| Issue Type | Book Building IPO |
| Sale Type | OFS Only |
| Total Issue Size | 10,71,00,000 shares |
| Shareholding Pre Issue | 71,40,00,000 shares |
| Shareholding Post Issue | 71,40,00,000 shares |
| Listing Exchange | BSE, NSE |
Conclusion
Central Mine Planning & Design Institute IPO provides exposure to India’s coal and mineral consultancy sector, a segment closely aligned with the country’s energy security and mining infrastructure development.
The company benefits from strong government backing, established relationships with Coal India Limited, and significant expertise in geological exploration and mine planning. Its financial profile reflects high profitability margins and stable net worth growth.
However, as the issue is entirely an Offer for Sale, the company will not receive fresh capital for expansion. Investors should evaluate the pricing, policy environment around coal, and long-term energy transition trends before making an investment decision.
Disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. This content is purely for information purpose only and in no way is to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation. Investors are requested to do their own due diligence before investing.
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