Central Mine Planning IPO: Check IPO Date, Live Subscription and Key Details
Central Mine Planning & Design Institute Limited (CMPDI), established in 1974, is a Mini Ratna (Category I) PSU and a wholly-owned subsidiary of Coal India Limited (CIL). Headquartered in Ranchi, it is India’s premier consultancy for coal and mineral exploration, mine planning, and infrastructure design. Holding a dominant 61% market share in its sector (FY25), the company acts as a strategic technical advisor to the Ministry of Coal and CIL, operating through seven regional institutes and eight specialized laboratories across India's key coalfields.
Price Range
₹163.0 - ₹172.0
Issue Size
₹1,842.12 Cr
Lot Size
80 shares
IPO Type
Mainboard
GMP
-
Est. Listing Price
₹172
Estimate Profit
-
Retail Portion
35%
Key Metrics
Check Live GMPGMPFace Value
₹2
EPS
7.94
P/E Ratio
21.65
RoNW
36.7%
ROE
-%
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Timeline
IPO Opens
20 Mar
IPO Closes
24 Mar
Allotment
25 Mar
Listing
30 Mar
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 20 March 2026 | Subscription starts |
| IPO Close Date | 24 March 2026 | Subscription ends |
| Allotment Date | 25 March 2026 | Allotment |
| Listing Date | 30 March 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹13,760 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,92,640 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,06,400 |
SHNI (Max)Below ₹10,00,000 | 72 | ₹9,90,720 |
BHNIAbove ₹10,00,000 | 73 | ₹10,04,480 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50% |
| NII (Non-Institutional Investor) | 15% |
| SHNI (Small Non-Institutional Investor) | 5% |
| BHNI (Big Non-Institutional Investor) | 10% |
| Retail | 35% |
| Total | 100.00% |
IPO Objectives
- The IPO is entirely an Offer for Sale (OFS) of 10.71 Crore shares by Coal India Limited. The company will not receive any proceeds from the offer. The primary goal is to achieve the benefits of listing on the stock exchanges and providing liquidity to the promoter.
Strengths
- The company holds a dominant Market Leadership with a 61% share in India’s coal and mineral consultancy sector (FY25), serving as a one-stop solution provider.
- It is the Preferred Consultant to Coal India Limited (CIL) and the Ministry of Coal, enjoying a nearly 50-year relationship that ensures long-term, high-visibility project inflows.
- The business demonstrates High Profitability, with an exceptional PAT margin of 30.60% in FY25 and robust return ratios, including a RoNW of 36.70% and ROCE of 48.60%.
- It maintains a Strong Balance Sheet as a debt-free entity with consistent growth in reserves and surplus, providing a solid foundation for its asset-light operations.
- The company possesses Advanced Infrastructure, operating one of India's largest fleets of exploratory drilling equipment and eight specialized laboratories for coal testing and analysis.
- As a PSU, it offers Dividend Consistency, following government guidelines that historically reward stakeholders with handsome payouts.
Weaknesses
- There is significant Customer Concentration, with approximately 66%–68% of revenue derived from its parent, Coal India, and over 93% from its top 10 clients.
- The IPO is a Pure Offer for Sale (OFS) of ₹1,842.12 crore, meaning no fresh capital will be infused into the company for technology upgrades or capacity expansion.
- The business faces Sector and Regulatory Sensitivity, as performance is tied to government mining policies and the complex process of obtaining environmental and forest clearances.
- There is a long-term Energy Transition Risk, where global and domestic shifts toward renewable energy could eventually dampen the demand for thermal coal consultancy.
- Operations are Working Capital Intensive in nature, with average receivables stretching to 229 days, which can place pressure on cash flow management despite high margins.
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Financial Performance
| Period Ended | 31 Dec 2025 (9M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 2,911.12 | 2,682.8 | 2,171.37 | 1,919.53 |
| Revenue (₹ Cr.) | 1,543.93 | 2,177.53 | 1,770.18 | 1,398.78 |
| PAT (₹ Cr.) | 425.36 | 666.91 | 503.23 | 296.66 |
| Net Worth (₹ Cr.) | 2,153.78 | 2,041.85 | 1,591.61 | 1,217.65 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Central Mine Planning & Design Institute | 6.01 | 21.65 | 36.7% | 2,153.78 |
| Rites Limited | 3.6 | 20.76 | 15.61% | 2,749 |
| Engineers India Limited | 4.04 | 14.1 | 19.87% | 2,669 |
Subscription Details
Daily Bids Status
| Category | Day 1 |
|---|---|
| QIB | 0x |
| NII | 0.05x |
| S-HNI | 0.08x |
| B-HNI | 0.03x |
| RII | 0.1x |
| EMP | 0.06x |
| Total | 0.07x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,82,07,000 | 4,800 | 0.08 |
| NII | 1,36,55,250 | 6,38,240 | 10.98 |
| Small NII | 45,51,750 | 3,46,080 | 5.95 |
| Big NII | 91,03,500 | 2,92,160 | 5.03 |
| RII | 3,18,62,250 | 32,49,600 | 55.89 |
| EMP | 53,55,000 | 3,06,960 | 5.28 |
| Total | 7,97,89,500 | 53,74,800 | 92.45 |
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Company Details
- Central Mine Planning & Design Institute Ltd.
- Gondwana Place, Kanke Road, Ranchi, Jharkhand, 834008
- 0651 - 2230169
- complianceoff.cmpdi@coalindia.in
- http://www.bcclweb.in/
Registrar Details
- Kfin Technologies Ltd.
- 04067162222, 04079611000
- centralmine.ipo@kfintech.com
- https://ipostatus.kfintech.com/
Frequently Asked Questions
What is the business focus of Central Mine Planning (CMPDI)?
CMPDI is a premier consultancy for the mining sector, providing end-to-end services in mineral exploration, mine planning, infrastructure design, and environmental management. It is a key subsidiary of Coal India Limited.
When does the Central Mine Planning IPO open and close?
The IPO opens for subscription today, March 20, 2026, and closes on Tuesday, March 24, 2026.
What is the IPO price band and minimum retail investment?
The price band is fixed at ₹163 to ₹172 per share. A retail investor needs to apply for a minimum of 1 lot (80 shares), requiring an investment of ₹13,760.
Who is eligible for the Shareholder Quota in this IPO?
Existing shareholders of Coal India Limited (CIL) who held shares as of the record date are eligible for reservation under the shareholder category.
What is the latest GMP for Central Mine Planning IPO?
As of March 19, 2026, the GMP is approximately ₹4, suggesting a potential listing around ₹176 (a ~2.3% premium).
Is there a discount for employees?
Yes, eligible employees are offered a discount of ₹8.00 per share on the final offer price.
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