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CMPDI IPO to Open on March 20; Price Band Set at ₹163–₹172
Bilkul Bazaar
Ahmedabad | 18 March 2026
Central Mine Planning & Design Institute Limited (CMPDI), a wholly owned subsidiary of Coal India Limited, has announced the launch of its Initial Public Offering (IPO), which will open for subscription on March 20, 2026, and close on March 24, 2026.
The company has fixed a price band of ₹163 to ₹172 per equity share (face value ₹2 each). Investors can bid for a minimum lot of 80 shares and in multiples thereof. The anchor investor bidding will take place on March 18, a day before the issue opens.
Offer Details
The IPO is entirely an Offer for Sale (OFS) of up to 107.1 million equity shares by Coal India Limited. CMPDI will not receive any proceeds from the issue.
- QIB Allocation: Up to 50%
- Non-Institutional Investors: At least 15%
- Retail Investors: At least 35%
- Employee Reservation: Up to 5.35 million shares (₹8 discount offered)
- Shareholder Reservation: Up to 10.71 million shares
The shares are proposed to be listed on the main boards of the BSE and NSE, with NSE designated as the lead exchange.
Company Profile
Established in 1975, CMPDI is one of India’s leading consultancy organizations in the coal and mineral sectors, with a 61% market share in FY2025, according to a CRISIL report. The company provides end-to-end services across the mining lifecycle—from exploration and planning to environmental management and mine closure.
It operates as a key technical advisor to government bodies, including the Ministry of Coal and the Ministry of Petroleum and Natural Gas, and plays a central role in national-level coal resource planning and research initiatives.
CMPDI has:
- Seven regional institutes across major coal-producing states
- Eight advanced laboratories for environmental and coal testing
- One of India’s largest fleets of exploratory drilling equipment
The company was granted Mini Ratna Category I status in 2019, reflecting its financial strength and operational significance.
Financial Performance
CMPDI has demonstrated strong financial growth in recent years:
- Revenue (FY25): ₹2,102.7 crore (vs ₹1,386 crore in FY23)
- Net Profit (FY25): ₹666.9 crore (vs ₹296.6 crore in FY23)
- 9M FY26 Revenue: ₹1,489.6 crore
- 9M FY26 Net Profit: ₹425.3 crore
Book Running Lead Managers
The IPO is being managed by:
- IDBI Capital Markets & Securities Limited
- SBI Capital Markets Limited
The registrar to the issue is KFin Technologies Limited.
CMPDI IPO – Quick Snapshot
Company: Central Mine Planning & Design Institute Limited
Parent: Coal India Limited
📅 Issue Timeline
- IPO Opens: March 20, 2026
- IPO Closes: March 24, 2026
- Anchor Investors: March 18, 2026
💰 Price & Lot Size
- Price Band: ₹163 – ₹172 per share
- Face Value: ₹2
- Lot Size: 80 shares
- Minimum Investment (Upper Band): ₹13,760
📊 Issue Structure
- Type: Offer for Sale (OFS)
- Shares on Offer: 10.71 crore shares
- QIB: ≤50%
- NII (HNI): ≥15%
- Retail: ≥35%
- Employee Reservation: 53.55 lakh shares (₹8 discount)
- Shareholder Reservation: 1.07 crore shares
🏢 Business Overview
- Leading mining consultancy with ~61% market share (FY25)
- Services: exploration, mine planning, environmental & technical consulting
- Strong PSU backing and strategic role in India’s coal ecosystem
📈 Financials
- FY25 Revenue: ₹2,102.7 crore
- FY25 Profit: ₹666.9 crore
- 9M FY26 Profit: ₹425.3 crore
📍 Listing & Management
- Listing: BSE & NSE
- BRLMs:
- IDBI Capital Markets & Securities Limited
- SBI Capital Markets Limited
- Registrar: KFin Technologies Limited
⚠️ Key Highlight
- Strong profitability + dominant PSU-linked business
- Entire OFS → company won’t receive fresh funds