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News Topical, Digital Desk : The initial public offering ( IPO ) of Central Mine Planning and Design Institute Limited, a major coal and mining consultancy firm, is set to open to investors on March 20, 2026. The company has set a price band of ₹163 to ₹172 per share for its maiden public issue.
The issue will remain open till March 24, 2026. The IPO is purely an offer for sale (OFS), in which promoter Coal India Limited is selling 10.71 crore equity shares as part of its stake.
Important things related to IPO
- IPO Opening Date: March 20, 2026
- IPO closing date: March 24, 2026
- Anchor Investors Bidding: March 18, 2026
- Price Band: ₹163-₹172 per share
- Face Value: ₹2 per share
- Minimum lot: 80 shares
- After this, the bid will have to be placed in multiples of 80 shares.
The shares of the Company will be listed on the main boards of BSE and NSE and NSE will be the designated stock exchange for the issue.
Reserve category for investors
Under the book building process, different quotas have been fixed for investors in the IPO:
- QIB (Institutional Investor): Maximum 50%
- Non-institutional investors: Minimum 15%
- Retail investors: Minimum 35%
- Employee Reservation: 53.55 lakh shares
- The company is also offering a discount of ₹8 per share to employees.
- Apart from this, 1.07 crore shares have been reserved for existing shareholders.
What does the company do?
CMPDI was established on November 1, 1975, as a wholly owned subsidiary of Coal India Limited. The company provides consultancy and technical services in the coal and other mineral sectors.
Key services of the company
- Geological Exploration
- Mine Planning and Design
- environmental management
- Geomatics and Remote Sensing
- Infrastructure Engineering
According to a CRISIL report, CMPDI had a share of around 61% in India's coal and mineral consultancy market in FY25.
Important role for the government
CMPDI provides technical support to the Ministry of Coal on a number of strategic decisions at the national level. The company's responsibilities include:
- To prepare data and inventory of coal reserves in the country
- Assessment of coal mining prospects
- Assistance to the Ministry of Petroleum in matters relating to Coalbed Methane (CBM)
- Coordination of R&D projects in the coal sector
CMPDI is a leading coal and mineral consultancy firm in India with nearly 50 years of experience. The company has prepared over 320 project reports over the past decade. It also has seven regional institutes in the country's major coal states.
How is the company performing?
- The financial position of the company has also been strong.
- FY25 revenue: ₹2,102.7 crore
- FY23 revenue: ₹1,386 crore
- FY25 net profit: ₹666.9 crore
- FY23 net profit: ₹296.6 crore
In just 9 months (till December 2025), the company has recorded revenue of ₹1489.6 crore and net profit of ₹425.3 crore.
Who is the IPO manager of the company?
The book running lead managers to the issue are:
- IDBI Capital Markets & Securities
- SBI Capital Markets
- Whereas KFin Technologies is the registrar of this IPO.
Experts say that due to strong presence in the coal sector and government support, this IPO can become an interesting opportunity for investors, although equity investment also involves risks.
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