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Central Mine Planning & Design Institute IPO

Central Mine Planning & Design Institute came to market through an IPO that opened on 20 March 2026 and closed on 24 March 2026, and the shares listed on 30 March 2026 on BSE, NSE. The price band was ₹163 to ₹172 per share and one lot was 80 shares, so the minimum application was ₹13,760. The issue size was ₹1842.12 crore.

The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company. Kfin Technologies Ltd. Shareholder Quota: 1,07,10,000 equity shares (10%) was the registrar to the issue, and IDBI Capital Markets Services Ltd., SBI Capital Markets Ltd were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹163 to ₹172
Lot size
80 shares
Minimum investment
₹13,760
Face value
₹2 per share
Issue size
₹1842.12 crore
Offer for sale
10,71,00,000 shares (aggregating up to ₹1842.12 crore)
Listing at
BSE, NSE
Registrar
Kfin Technologies Ltd. Shareholder Quota: 1,07,10,000 equity shares (10%)
Lead managers
IDBI Capital Markets Services Ltd., SBI Capital Markets Ltd
Promoter holding before the issue
100%
Promoter holding after the issue
85%

Timeline

Opens
20 March 2026
Closes
24 March 2026
Allotment
25 March 2026
Listing
30 March 2026

Subscription status by day

As of 24 March 2026.

Day
1
2
3

Listing day and after

Issue price
₹172
Listed on
30 March 2026

About Central Mine Planning & Design Institute

Central Mine Planning & Design Institute Limited (CMPDI) was established in 1974. The company provides consultancy as well as support services for the entire range of coal as well as mineral exploration, mine planning, and designing. Other areas of service for the company are infrastructure engineering, environmental management, special technology, and management systems, mainly for the coal industry as well as minerals.

The company is one of the largest coal as well as mineral consultancy firms, with a market share of 61.0% for Fiscal 2025, and is the consultant of choice for Coal India Limited. Business Verticals: Geological Exploration & Resource Evaluation. Mine Planning & Design Services. Environmental Planning & Monitoring Services. Geomatics, Remote Sensing & Survey Services.

The company is backed by state-of-the-art infrastructure, which allows the company to execute a wide range of activities in the coal as well as the mineral industry. The company, as of March 31, 2025, boasts one of the largest fleets of exploratory drilling equipment for coal as well as mineral exploration in India. As of December 31st, 2025, the company has seven regional institutes that are situated in the major coal-producing states of the country.

The states include Madhya Pradesh, Chhattisgarh, Odisha, and West Bengal. The regional institutes enable the company to effectively manage projects. The facilities provided by the company enable it to deliver quality services to the customers across all the business verticals. The company has planned to create open-cast mines with the annual production capacity of up to 85 million tonnes. The mining depths will extend up to 420 meters.

This shows that the company is capable of carrying out large-scale mining operations. Furthermore, the company has a total of eight well-equipped laboratories across the various coalfields as of December 31st, 2025. The laboratories are operated by experienced technical professionals who are experts in the testing of coal. The laboratories help the company in the exploration of coal.

As described in the offer document.

Objects of the issue

  • Offer for Sale

Strengths

  • Comprehensive Multidisciplinary Consultancy Service Strength: CMPDI is a company with a broad range of consultancy services in the mining industry, making it a one-stop shop for the mining industry in India.
  • Strategic Relationship with Coal India and Ministry of Coal: The company is a key consulting partner for Coal India Limited and the Ministry of Coal, ensuring the business is visible and involved in the government policy arena.
  • Excellent Expertise in Mineral Exploration Projects: The company has decades of experience in delivering exploration and resource assessment projects, making it a leader in the Indian mining consultancy industry.

Risks

  • High Client Concentration Risk: The company is exposed to the risk of losing business from its key clients, as a substantial part of the company’s revenue is generated from its top clients.
  • Dependence on Coal India Limited: The company is exposed to the risk of demand volatility from a single group, as a substantial part of the company’s revenue is generated from Coal India Limited and its subsidiaries.
  • Dependence on Few Vendors for Exploration Services: The company is exposed to the risk of dependence on few vendors for exploration services, as the company relies on a few vendors for drilling and geophysical services.

Financials (₹ crore)

Metric31-Dec-2531-Mar-2531-Mar-2431-Mar-23

Listed peers

Central Mine Planning
RoNW 36.7%%
Engineers India
RoNW 23.5%%
Rites Limited
RoNW 15.5%%

Coal India arm CMPDI raises Rs 470 crore via anchor book ahead of March 20 IPO. Of this total allocation, 1.19 crore shares aggregating to Rs 205 crore were allocated to four domestic mutual funds, which have applied through their total nine schemes.

The anchor investors included marquee investors like Life Insurance Corporation of India, Nippon Life India, ICICI Prudential Mutual Fund, LIC Mutual Fund, Edelweiss, Baring Private Equity, General Insurance Corporation, BNP Paribas, Goldman Sachs, Societe Generale, and Citigroup Global. Life Insurance Corporation of India, and Nippon Life India are the largest investors amongst them, each picking up 61.04 lakh share worth Rs 105 crore.

This is after ICICI Prudential Mutual Fund, which acquired more than 31 lakh shares worth Rs 55 crore. Furthermore, LIC Mutual Fund, Baring Private Equity Fund, and BNP Paribas Financial Markets each acquired shares worth nearly Rs 25 crore, while Edelweiss Trusteeship, Societe Generale, and Goldman Sachs Bank Europe each acquired shares worth Rs 20 crore

Promoters

President of India, acting through the Ministry of Coal, Government of India, Coal India Limited. Promoter holding 100% before the issue and 85% after.

Application sizes

Retail (min)
1 lot, 80 shares, ₹13,760
Retail(max)
14 lots, 1120 shares, ₹1,92,640
sHNI(min)
15 lots, 1200 shares, ₹2,06,400
sHNI(max)
72 lots, 5760 shares, ₹9,90,720
bHNI(min)
73 lots, 5840 shares, ₹10,04,480

Valuation

EPS Pre IPO
₹9.34
EPS Post IPO
₹7.94
P/E Pre IPO
18.41
P/E Post IPO
21.65
ROCE
48.6%
RoNW
36.7%
PAT Margin
30.6%
Price/Book
6.01
Market Cap
₹1,842.12 cr

Registrar and allotment status

Registrar
Kfin Technologies Ltd. Shareholder Quota: 1,07,10,000 equity shares (10%)
Allotment status
https://ipostatus.kfintech.com/
Phone
04067162222, 04079611000
Email
centralmine.ipo@kfintech.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Central Mine Planning & Design Institute IPO

What is Central Mine Planning & Design Institute IPO?

Central Mine Planning & Design Institute IPO was a ₹1,842.12 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹163–₹172 per share with a lot size of 80 shares (₹13,760). The IPO was open from March 20 to March 24, 2026 and was subscribed 1.05x. Shares listed on BSE and NSE on March 30, 2026 at ₹160, a 7.0% discount to the issue price of ₹172. Kfin Technologies Ltd. is the registrar.

IDBI Capital Markets Services Ltd. and SBI Capital Markets Ltd. are the book running lead managers.

What is the price band of Central Mine Planning & Design Institute IPO?

The price band of Central Mine Planning & Design Institute IPO is ₹163 to ₹172 per share.

What is the lot size of Central Mine Planning & Design Institute IPO?

The lot size of Central Mine Planning & Design Institute IPO is 80 shares.

What is the minimum investment for Central Mine Planning & Design Institute IPO?

The minimum investment for Central Mine Planning & Design Institute IPO is approximately ₹13,760 based on the upper price band.

What is the allotment date of Central Mine Planning & Design Institute IPO?

The allotment date of Central Mine Planning & Design Institute IPO is Mar 25, 2026.

What was the GMP of Central Mine Planning & Design Institute IPO before listing?

Central Mine Planning & Design Institute IPO's final recorded GMP before listing was ₹5 per share (a 3% premium over the ₹172 upper price band). The shares listed at ₹160. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Central Mine Planning & Design Institute IPO share price performed since listing?

Central Mine Planning & Design Institute IPO listed on Mar 30, 2026. It was issued at ₹160.0(NSE) and is currently around ₹182.11 as on 2-Nov-2026 3:30 PM, which is approximately 5.9% versus issue price. The 52-week high is ₹283.69.

How to check Central Mine Planning & Design Institute IPO allotment status?

You can check Central Mine Planning & Design Institute IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Central Mine Planning & Design Institute IPO allotment status on Rupix for quick and easy access.

What was the price band of the Central Mine Planning & Design Institute IPO?

₹163 to ₹172 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Central Mine Planning & Design Institute IPO?

One lot was 80 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹13,760.

What was the minimum investment in the Central Mine Planning & Design Institute IPO?

₹13,760, for one lot of 80 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Central Mine Planning & Design Institute IPO open and close?

It opened on 20 March 2026 and closed on 24 March 2026.

When was the allotment of the Central Mine Planning & Design Institute IPO?

The basis of allotment was published on 25 March 2026 by Kfin Technologies Ltd. Shareholder Quota: 1,07,10,000 equity shares (10%), and allotted shares were credited to demat accounts before listing.

When did Central Mine Planning & Design Institute list on BSE, NSE?

The shares listed on 30 March 2026 on BSE, NSE.

How large was the Central Mine Planning & Design Institute IPO?

The issue size was ₹1842.12 crore. The offer for sale was 10,71,00,000 shares (aggregating up to ₹1842.12 crore).