CMPDI IPO 2026: Price Band, Dates, Financials, GMP & Review
CMPDI IPO opens March 20, 2026. Check price band, lot size, financials, valuation, GMP and expert review of Coal India subsidiary CMPDI IPO before investing.
CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI) – COMPANY BACKGROUND
Central Mine Planning & Design Institute Ltd (CMPDI) is one of the subsidiaries of Coal India Ltd engaged in consultation and support services across the spectrum of coal and mineral exploration. It also helps in mine planning and design prior to exploration. In addition, CMPDI also handles infrastructure engineering, environment management and other specialized technology services. The company has a 61% market share in the mining consultancy business. Its key verticals include; geological exploration, resource evaluation, mine planning & design, geomatics, remote sensing, and other survey services. It has 8 well-equipped laboratories to help in its task.
Central Mine Planning & Design Institute Ltd (CMPDI) has been promoted by Coal India Ltd, a company classified as a Maharatna by the government of India. The issue is entirely an offer for sale (OFS) by Coal India Ltd and there is no fresh issue by CMPDI. Hence the outstanding shares will remain the same, even after the IPO. Post the IPO, the public holding in CMPDI will be 15%, while Coal India will continue to hold 85% stake. The issue is being lead-managed by IDBI Capital Markets and SBI Capital Markets; while KFIN Technologies Ltd (KFINTECH) will be the registrars to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI)
Here are the key highlights of the public issue of Central Mine Planning & Design Institute Ltd (CMPDI).
- The IPO of will be open from March 20th, 2026 to March 24th, 2026. It has a face value of ₹2 per share and IPO price band is set in range of ₹163 to ₹172 per share.
- The IPO of Central Mine Planning & Design Institute Ltd (CMPDI) will entirely be an offer for sale (OFS) by Coal India Ltd, with no fresh issue component in the IPO.
- The offer for sale (OFS) portion comprises the sale of 10,71,00,000 shares (1,071.00 lakh shares), which at the upper price band of ₹172 per share translates into ₹1,842.12 crore.
- Since there is no fresh issue, the overall IPO will also comprise only of the sale of 10,71,00,000 shares (1,071.00 lakh shares), which at the upper price band of ₹172 per share translates into ₹1,842.12 crore, which will be the total size of the issue.
- Coal India Ltd will dilute its stake in Central Mine Planning & Design Institute Ltd (CMPDI) through the IPO from 100% to 85%, with 15% being held by the public.
The IPO of Central Mine Planning & Design Institute Ltd (CMPDI) will be listed on the NSE and the BSE on the IPO mainboard. Anchor allocation happened on March 18, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Central Mine Planning & Design Institute Ltd (CMPDI)
| Event | Tentative Date |
|---|---|
| IPO Open Date | Friday, 20 March, 2026 |
| IPO Close Date | Tuesday, 24 March, 2026 |
| Basis of Allotment | Wednesday, 25 March, 2026 |
| Initiation of Refunds to non-allottees | Friday, 27 March, 2026 |
| Credit of Shares to Demat | Friday, 27 March, 2026 |
| Listing Date on NSE and BSE | Monday, 30 March, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | 53,55,000 shares | 5.00% of total IPO size |
| Reservation for CIL Shareholders | 1,07,10,000 shares | 10.00% of total IPO size |
| Anchor Allocation | 2,73,10,500 shares | 25.50% of total IPO size |
| QIB Shares Offered | 1,82,07,000 shares | 17.00% of total IPO size |
| NII (HNI) Shares Offered | 1,36,55,250 shares | 12.75% of total IPO size |
| Retail Shares Offered | 3,18,62,250 shares | 29.75% of total IPO size |
| Total Shares Offered | 10,71,00,000 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Central Mine Planning & Design Institute Ltd (CMPDI) for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹ 13,760 |
| Retail (Max) | 14 | 1,120 | ₹ 1,92,640 |
| S-HNI (Min) | 15 | 1,200 | ₹ 2,06,400 |
| S-HNI (Max) | 72 | 5,760 | ₹ 9,90,720 |
| B-HNI (Min) | 73 | 5,840 | ₹ 10,04,480 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 80 shares)
FINANCIAL HIGHLIGHTS OF CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI)
The table captures the key financials of Central Mine Planning & Design Institute Ltd (CMPDI) for last 3 financial years.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 2,102.76 | 1,732.69 | 1,386.09 |
| Sales Growth (%) | 21.36% | 25.01% | |
| Profit after Tax (₹ in crore) | 666.91 | 503.23 | 296.66 |
| PAT Margins (%) | 31.72% | 29.04% | 21.40% |
| Total Equity (₹ in crore) | 2,041.85 | 1,591.61 | 1,217.65 |
| Total Assets (₹ in crore) | 2,682.80 | 2,171.37 | 1,919.53 |
| Return on Equity (%) | 32.66% | 31.62% | 24.36% |
| Return on Assets (%) | 24.86% | 23.18% | 15.45% |
| Asset Turnover Ratio (X) | 0.78 | 0.80 | 0.72 |
| Earnings per share (₹) | 9.30 | 7.00 | 4.20 |
| EBITDA (₹ in Crore) | 915.71 | 764.44 | 395.65 |
| EBITDA Margins (%) | 43.55% | 44.12% | 28.54% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The company has shown steady growth in top line revenues over the last 3 years, averaging over 20% CAGR. PAT margins of the company are not only healthy but have also grown at a rapid rate over the last 3 years. Asset turnover may be on the lower side, but that is more due to the way the revenues and assets are allocated and recorded by the company.
VALUATION METRICS OF THE CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI) IPO
At the IPO price of ₹172 per share, the indicative P/E comes to about 18.5X at the latest year EPS of ₹9.30 per share. The valuation does appear to be reasonable if one looks at the EPS growth over the last 3 years and the ROE of the company averaging more than 30% in the last 2 years. The company is not too capital intensive by nature, so scalability will help. That is where the future profit traction is likely to come from.
The company also brings some additional advantages, apart from its 61% market share in the mining consultancy business in India. For instance, its focus on R&D and the extensive experience in delivering exploration projects are a big plus. It has the advantage of Coal India parentage and access to its client base too. That is evident in the performance too. Investors can look at a strategic positioning in India’s fast-growing mining space, through this investment as a proxy.
BRIEF ON ANCHOR ALLOCATION OF CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI)
The anchor issue of Central Mine Planning & Design Institute Ltd (CMPDI) saw a sedate response on 18th March 2026 with 25.50% of the IPO size absorbed by anchors. Out of 10,71,00,000 shares (1,071.00 lakh shares) on offer in the IPO, anchors picked up 2,73,10,500 shares (273.11 lakh shares) accounting for 25.50% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹172 per share. This includes the face value of ₹2 per share plus a share premium of ₹170 per share. The anchor bidding opened and closed on 18th March 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Central Mine Planning & Design Institute Ltd (CMPDI)
| Bid Date | March 18, 2026 |
|---|---|
| Shares Offered | 2,73,10,500 shares |
| Anchor Portion Size (₹ in crore) | ₹469.74 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | April 27, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 28, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI)
On 18th March 2026, Central Mine Planning & Design Institute Ltd (CMPDI) allotted 2,73,10,500 shares to 22 anchor investors. The allocation was done at the upper IPO price band of ₹172 per share which resulted in overall anchor allocation of ₹469.74 crore. The anchors have already absorbed 25.50% of the total issue size of ₹1,842.12 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹370.01 crores, or, 78.77% of the overall anchor allocation of shares, one trading day ahead of the IPO of Central Mine Planning & Design Institute Ltd (CMPDI).
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Life Insurance Corporation of India | 61,04,720 | 22.35% | ₹ 105.00 |
| 02 | Nippon India Small Cap Fund | 52,32,640 | 19.16% | ₹ 90.00 |
| 03 | ICICI Pru Dividend Yield Fund | 20,34,960 | 7.45% | ₹ 35.00 |
| 04 | Barings Private Equity India Fund | 14,53,520 | 5.32% | ₹ 25.00 |
| 05 | BNP Paribas Financial Markets | 14,53,520 | 5.32% | ₹ 25.00 |
| 06 | ICICI Pru PSU Equity Fund | 11,62,800 | 4.26% | ₹ 20.00 |
| 07 | Societe Generale - ODI | 11,62,800 | 4.26% | ₹ 20.00 |
| 08 | ASAS Global Fund Inc | 11,62,800 | 4.26% | ₹ 20.00 |
| 09 | Edelweiss Life Insurance Company | 8,72,160 | 3.19% | ₹ 15.00 |
| 10 | Nippon Power & Infra Fund | 8,72,080 | 3.19% | ₹ 15.00 |
| Grand Total | 2,15,12,000 | 78.77% | ₹ 370.01 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 2,73,10,500 shares allocated to the anchors in the IPO, there were a total of 1,19,18,800 shares allocated to mutual funds registered with SEBI. The allocation was made to 9 mutual fund schemes across 4 AMCs. Mutual funds accounted for 43.64% of the total anchor allocation of the IPO.
In addition, out of the 2,73,10,500 shares allocated to the anchors in the IPO, there were a total of 69,76,880 shares allocated to life insurance companies regulated by IRDA. The allocation was made to 2 life insurance companies in total. Insurance companies accounted for 25.55% of the total anchor allocation of the IPO.
FPIs, P-Notes, and AIFs also actively participated in the anchor allocation of Central Mine Planning & Design Institute Ltd (CMPDI).
NEXT STEPS IN CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI) IPO
Post the closure of the IPO subscription on 24th March 2026, the basis of allotment will be finalized on 25th March 2026 and the refunds will be initiated on 27th March 2026. In addition, the demat credits are expected to also happen on 27th March 2026 and the stock will list on 30th March 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 27th March 2026 under ISIN (INE05HV01027).
CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI) - IPO SUBSCRIPTION STATUS ON DAY-1
As of 5.30 pm on 20th March 2026, out of the 797.90 lakh shares on offer in the IPO (excluding anchor portion), Central Mine Planning & Design Institute Ltd (CMPDI) saw bids for 52.51 lakh shares. This implies an overall subscription of 0.07X or 7% at a macro level. The granular break-up of subscriptions at close of Day-1 of the IPO of Central Mine Planning & Design Institute Ltd (CMPDI) was as under:
| CIL Shareholders (0.11X) | Employees (0.06X) | QIBs (0.00X) | HNI / NII (0.05X) | Retail (0.10X) |
|---|
The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company saw steady anchor participation a day ahead of the IPO opening with 25.50% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 2,73,10,500 | 2,73,10,500 | 469.74 |
| CIL Shareholders | 0.11 | 1,07,10,000 | 11,74,640 | 20.20 |
| Employee Quota | 0.06 | 53,55,000 | 3,05,840 | 5.26 |
| QIB Investors | 0.00 | 1,82,07,000 | 4,800 | 0.08 |
| HNIs / NIIs | 0.05 | 1,36,55,250 | 6,38,240 | 10.98 |
| Retail Investors | 0.10 | 3,18,62,250 | 31,27,600 | 53.79 |
| Total | 0.07 | 7,97,89,500 | 52,51,120 | 90.32 |
Data Source: NSE / BSE (as of close of Day-1 of the IPO)
The IPO is open up to March 24, 2026, at which point we will know the final subscription status of the IPO. The total investor investment interest in the IPO as of the close of Day-1 of the IPO stood at ₹560.06 Crore (including the anchor allocation portion too).
CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI) - IPO SUBSCRIPTION STATUS ON DAY-1
As of 5.30 pm on 20th March 2026, out of the 797.90 lakh shares on offer in the IPO (excluding anchor portion), Central Mine Planning & Design Institute Ltd (CMPDI) saw bids for 52.51 lakh shares. This implies an overall subscription of 0.07X or 7% at a macro level. The granular break-up of subscriptions at close of Day-1 of the IPO of Central Mine Planning & Design Institute Ltd (CMPDI) was as under:
| CIL Shareholders (0.11X) | Employees (0.06X) | QIBs (0.00X) | HNI / NII (0.05X) | Retail (0.10X) |
|---|
The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company saw steady anchor participation a day ahead of the IPO opening with 25.50% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 2,73,10,500 | 2,73,10,500 | 469.74 |
| CIL Shareholders | 0.11 | 1,07,10,000 | 11,74,640 | 20.20 |
| Employee Quota | 0.06 | 53,55,000 | 3,05,840 | 5.26 |
| QIB Investors | 0.00 | 1,82,07,000 | 4,800 | 0.08 |
| HNIs / NIIs | 0.05 | 1,36,55,250 | 6,38,240 | 10.98 |
| Retail Investors | 0.10 | 3,18,62,250 | 31,27,600 | 53.79 |
| Total | 0.07 | 7,97,89,500 | 52,51,120 | 90.32 |
Data Source: NSE / BSE (as of close of Day-1 of the IPO)
The IPO is open up to March 24, 2026, at which point we will know the final subscription status of the IPO. The total investor investment interest in the IPO as of the close of Day-1 of the IPO stood at ₹560.06 Crore (including the anchor allocation portion too).
CENTRAL MINE PLANNING & DESIGN INSTITUTE LTD (CMPDI) - IPO SUBSCRIPTION STATUS ON DAY-2
As of 5.30 pm on 23rd March 2026, out of the 797.90 lakh shares on offer in the IPO (excluding anchor portion), Central Mine Planning & Design Institute Ltd (CMPDI) saw bids for 202.87 lakh shares. This implies an overall subscription of 0.25X or 25% at a macro level. The granular break-up of subscriptions at close of Day-2 of the IPO of Central Mine Planning & Design Institute Ltd (CMPDI) was as under:
| CIL Shareholders (0.18X) | Employees (0.10X) | QIBs (0.62X) | HNI / NII (0.08X) | Retail (0.17X) |
|---|
The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company saw steady anchor participation a day ahead of the IPO opening with 25.50% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 2,73,10,500 | 2,73,10,500 | 469.74 |
| CIL Shareholders | 0.18 | 1,07,10,000 | 19,69,280 | 33.87 |
| Employee Quota | 0.10 | 53,55,000 | 5,43,760 | 9.35 |
| QIB Investors | 0.62 | 1,82,07,000 | 1,13,59,600 | 195.39 |
| HNIs / NIIs | 0.08 | 1,36,55,250 | 11,25,120 | 19.35 |
| Retail Investors | 0.17 | 3,18,62,250 | 52,89,280 | 90.98 |
| Total | 0.25 | 7,97,89,500 | 2,02,87,040 | 348.94 |
Data Source: NSE / BSE (as of close of Day-2 of the IPO)
The IPO is open up to March 24, 2026, at which point we will know the final subscription status of the IPO. The total investor investment interest in the IPO as of the close of Day-2 of the IPO stood at ₹818.68 Crore (including the anchor allocation portion too).
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