CM
Central Mine Planning & Design Institute Ltd. IPO
Mine Planning & Design · Geological Exploration · Environmental Management · Coal India Subsidiary
📋 Mainboard IPO
Pure OFS
PSU — Govt. Disinvestment
BSE & NSE
₹172
Issue Price
₹1,842 Cr
Issue Size (OFS)
Mar 30, 2026
Listing Date
₹12,280.80 Cr
Market Cap (Pre-IPO)
📅 IPO Timetable
All dates tentative🔓
IPO Opens
Friday, 20 March 2026
Bidding starts — apply before close
🔒
IPO Closes
Tuesday, 24 March 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Wednesday, 25 March 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Friday, 27 March 2026
Unallotted funds returned; shares credited to demat
🏷️
Listing on BSE & NSE
Monday, 30 March 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date20 March 2026 (Fri)
IPO Close Date24 March 2026 (Tue)
Listing Date30 March 2026 (Mon)
Face Value₹2 per share
Price Band₹163 to ₹172
Issue Price (Upper Band)₹172 per share
Issue TypeBook Build — Pure OFS
Employee Discount₹8 per share
Lot Size80 shares
Total Issue Size (OFS)10,71,00,000 shares (₹1,842 Cr)
Fresh IssueNil — Pure OFS
OFS SellerPresident of India / Coal India Ltd.
Pre-Issue Shares71,40,00,000
Post-Issue Shares71,40,00,000 (unchanged)
Promoter Holding (Pre)100%
Market Cap (Pre-IPO)₹12,280.80 Cr
Listing ExchangeBSE & NSE
Lead ManagersIDBI Capital, SBI Capital Markets
RegistrarKFin Technologies Ltd.
Shareholder QuotaCoal India Ltd. shareholders
💰 Lot Size & Minimum Investment
At issue price ₹172 | Employee price ₹164 (₹8 discount)| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 80 | ₹13,760 |
| Retail — Maximum | 14 | 1,120 | ₹1,92,640 |
| S-HNI (sNII) — Min | 15 | 1,200 | ₹2,06,400 |
| S-HNI (sNII) — Max | 72 | 5,760 | ₹9,90,720 |
| B-HNI (bNII) — Min | 73 | 5,840 | ₹10,04,480 |
💸 Employee Discount: Eligible employees of CMPDI get a discount of ₹8 per share, making the effective price ₹164. Employees can apply up to ₹5 Lakhs. Shareholders of Coal India Limited are also eligible for a separate shareholder quota (up to ₹2 Lakhs).
👥 Investor Reservation
Out of 10,71,00,000 total shares (Net Offer)≤50%
QIB
Not more than 50%
of the Offer
≥35%
Retail (RII)
Not less than 35%
of the Offer
≥15%
NII / HNI
Not less than 15%
of the Offer
Special
Employee & Shareholder
Coal India Ltd.
shareholders eligible
💡 Special Quota Note: Employees can apply up to ₹5 Lakhs at the discounted price of ₹164 (₹8 off). Shareholders of Coal India Limited are eligible for the shareholder quota (up to ₹2 Lakhs). Bidding at cut-off price is allowed for RII and employee categories.
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 9M FY26 (Dec 25) | FY 2024–25 | FY 2023–24 | FY 2022–23 |
|---|---|---|---|---|
| Total 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 |
| PAT | 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 |
| Total Borrowings | — | — | — | — |
Revenue Growth
FY 2022–23₹1,398.78 Cr
FY 2023–24₹1,770.18 Cr
FY 2024–25₹2,177.53 Cr
9M FY26 (Apr–Dec 2025)₹1,543.93 Cr
🎯 Key Performance Indicators
48.6%
ROCE
FY 2024–25
36.7%
RoNW
FY 2024–25
30.60%
PAT Margin
FY 2024–25
42.10%
EBITDA Margin
FY 2024–25
27.1%
ROCE (9M FY26)
Dec 31, 2025
20.3%
RoNW (9M FY26)
Dec 31, 2025
27.60%
PAT Margin (9M)
Dec 31, 2025
38.50%
EBITDA Margin (9M)
Dec 31, 2025
⚖️ Valuation & EPS
Pre-IPO EPS
₹9.34
FY25 earnings + pre-issue shares
P/E: 18.41xPost-IPO EPS
₹7.94
Annualised 9M FY26 + post-issue shares
P/E: 21.65xPrice to Book Value
6.01x
At ₹172 (post-issue book)
Market Cap (Pre-IPO)
₹12,280.80 Cr
At issue price ₹172
ℹ️
Pre-IPO EPS (₹9.34) based on pre-issue shares (71,40,00,000) and FY25 earnings. Post-IPO EPS (₹7.94) based on post-issue shares (unchanged at 71,40,00,000) and annualised 9M FY26 earnings (Dec 31, 2025). This is a pure OFS — no fresh shares issued, share count unchanged post-IPO.
🎯 Objects of the Issue
Pure OFS — No fresh capital raised
🏛️
This is a Pure OFS — Government Disinvestment
The Central Mine Planning & Design Institute IPO is entirely an Offer for Sale (OFS) of 10,71,00,000 shares by the selling shareholders — the President of India (through Ministry of Coal) and Coal India Limited. The company will not receive any proceeds from the Offer.
All proceeds will go directly to the selling shareholders as part of the Government of India’s disinvestment programme. No new shares are being issued, and the total share count remains unchanged at 71,40,00,000 shares post-IPO.
🏢 About Central Mine Planning & Design Institute Limited
Est. 1974 · Ranchi, Jharkhand · Coal India SubsidiaryIncorporated in 1974, Central Mine Planning & Design Institute Limited (CMPDI) is a multidisciplinary consultancy company offering end-to-end services in coal and mineral exploration, mine planning and design. It also provides infrastructure engineering, environmental management, specialised technology services, and management systems, primarily for the coal industry and other minerals.
CMPDI is one of the largest coal and mineral consultancy companies in India with a market share of 61.0% in Fiscal 2025, and is the preferred consultant for Coal India Limited. As of December 31, 2025, it operates seven regional institutes across key coal-producing states including Madhya Pradesh, Chhattisgarh, Odisha, and West Bengal, and eight well-equipped laboratories across different coalfields.
Business Verticals
🌍
Geological Exploration & Resource Evaluation
Largest fleet of exploratory drilling equipment for coal & mineral exploration in India
🗺️
Mine Planning & Design Services
Open-cast mines planned with capacity up to 85 MT/year and depths up to 420 metres
🌳
Environmental Planning & Monitoring
Environmental management services for coal mining and related infrastructure
🛰️
Geomatics, Remote Sensing & Survey
Advanced geospatial and remote sensing technology services for the mining sector
Competitive Strengths
🏆61% market share in coal & mineral consultancy in India (FY 2025)
🏛️Key consulting partner to Coal India Limited and Ministry of Coal with diverse client base
🔧Advanced infrastructure — largest fleet of exploratory drilling equipment in India
🧪8 laboratories across coalfields staffed by experienced technical professionals
📈Consistent track record — PAT grew from ₹296.66 Cr (FY23) to ₹666.91 Cr (FY25)
💪Strong parentage of Coal India Limited & Government of India backing
Company Promoters
GoI
President of India
Acting through Ministry of Coal, Government of India
CIL
Coal India Limited
Listed PSU — Parent company of CMPDI
📅 Key Dates
IPO Opens20 Mar 2026
IPO Closes24 Mar 2026
Allotment25 Mar 2026
Refund & Share Credit27 Mar 2026
Listing Day30 Mar 2026
💡 Quick Summary
Price Band₹163 – ₹172
Issue Price₹172 / share
Employee Price₹164 / share (₹8 off)
Lot Size80 shares
Min. Investment (Retail)₹13,760
Issue Size (OFS)₹1,842.12 Cr
Market Cap₹12,280.80 Cr
ListingBSE & NSE
🏦 Registrar & Lead Managers
Lead Managers
IDBI Capital Markets Services Ltd.
SBI Capital Markets Ltd.
📍 Company Address
Central Mine Planning & Design Institute Limited
Gondwana Place, Kanke Road,
Ranchi, Jharkhand – 834008
📞 0651-2230169
[email protected]
Gondwana Place, Kanke Road,
Ranchi, Jharkhand – 834008
📞 0651-2230169
[email protected]
🛡️ Regulatory Note: IPO investments are subject to SEBI regulations. Always read the RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Central Mine Planning & Design Institute IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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