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Central Mine Planning & Design Institute IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Central Mine Planning & Design Institute Limited (CMPDIL) is a mining consultancy and engineering services company and a wholly owned subsidiary of Coal India Limited under the Ministry of Coal. The company provides consultancy across the entire mining lifecycle including geological exploration, mine planning, environmental management and geomatics services. It earns revenue mainly from consultancy projects for coal and mineral exploration, mine planning, and infrastructure engineering services provided to government and private mining companies.
Central Mine Planning an Book Built Issue, amounting to ₹
1842.12 Crore,consisting entirely an OFS Issue of
10.71 crore shares of ₹
1842.12 crores. The subscription period for the Central Mine Planning IPO opens on March 20, 2026, and closes on March 24, 2026. The allotment is expected to be finalized on or about 25 March 2026, Wednesday, and the shares will be listed on the NSE & BSE with a tentative listing date set on or about Monday, March 30, 2026.
The Share Price Band of Central Mine Planning IPO is set at ₹163 to ₹172 per share per equity share. The Market Capitalisation of the Central Mine Planning at IPO price of ₹172 per equity share will be ₹12,280.80 Cr. The lot size of the IPO is 80 shares. Retail investors are required to invest a minimum of ₹
13,760,
1 lots (
80 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
15 lots (
1,200 shares), amounting to ₹
206,400.
IDBI Capital Markets & Securities Limited,SBI Capital Markets Limited, the book running lead manager of the Central Mine Planning. while KFin Technologies Limited is the registrar for the issue.
Central Mine Planning Limited IPO GMP Today
The Grey Market Premium of Central Mine Planning IPO is expected to be ₹15 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Central Mine Planning Limited IPO Live Subscription Status Today: Real-Time Update
The subscription period for the Central Mine Planning IPO opens on March 20, 2026
Central Mine Planning Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Central Mine Planning IPO allotment date is 25 March 2026, Wednesday, Central Mine Planning IPO Allotment will be out on 25 March 2026, Wednesday, and will be live on Registrar Website from the allotment date.
KFin Technologies Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Central Mine Planning IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Central Mine Planning Limited IPO
Central Mine Planning will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.
Refer to Central Mine Planning Limited RHP for more details about the Company.
Central Mine Planning & Design Institute Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| March 16, 2026 | ₹ 172 | ₹ 172 | ₹0(0.0%) | 16 March 2026; 09:53 AM |
| March 16, 2026 | ₹ 172 | ₹ 182 | ₹10(5.8%) | 17 March 2026; 09:37 AM |
| March 16, 2026 | ₹ 172 | ₹ 187 | ₹15(8.7%) | 17 March 2026; 09:38 AM |
Central Mine Planning & Design Institute IPO Details
| Market Capitalization | ₹12,280.80 Cr |
| IPO Date | March 20, 2026 to March 24, 2026 |
| Listing Date | March 30, 2026 |
| Face Value | ₹2 Per Share |
| Price Band | ₹₹163 to ₹172 per share |
| Issue Price | ₹172 per share |
| Employee Discount | ₹8.00 |
| Lot Size | 80 Equity Shares |
| Total Issue Size | 10,71,00,000 Equity Shares (aggregating to ₹1842.12 Cr) |
| Fresh Issue | NA |
| Offer for Sale | 10,71,00,000 Equity Shares (aggregating to ₹1842.12 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE & NSE |
| Share holding pre issue | 71,40,00,000 |
| Share holding post issue | 71,40,00,000 |
| Rating | Apply |
Central Mine Planning & Design Institute IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Central Mine Planning & Design Institute IPO Timeline (Tentative Schedule)
| IPO Open Date | Fri, Mar 20, 2026 |
| IPO Close Date | Tue, Mar 24, 2026 |
| Basis of Allotment | Wed, Mar 25, 2026 |
| Initiation of Refunds | Fri, Mar 27, 2026 |
| Credit of Shares to Demat | Fri, Mar 27, 2026 |
| Listing Date | Mon, Mar 30, 2026 |
| Cut-off time for UPI mandate confirmation | Wed, Mar 25, 2026 |
Central Mine Planning & Design Institute IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | 53,550,000 | Not less than 50% of the Net Offer |
| Non-Institutional Investor Portion | 16,065,000 | Not more than 15% of the Net Issue |
| Retail Shares Offered | 37,485,000 | Not more than 35% of the Net Offer |
Central Mine Planning & Design Institute IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 100.00% |
Central Mine Planning & Design Institute IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹13,760 |
| Retail (Max) | 14 | 1,120 | ₹192,640 |
| S-HNI (Min) | 15 | 1,200 | ₹206,400 |
| S-HNI (Max) | 72 | 5,760 | ₹990,720 |
| B-HNI (Min) | 73 | 5,840 | ₹1,004,480 |
Central Mine Planning & Design Institute IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 53,550,000 | - | 0.00x | 16 March 2026; 10:49 AM |
| Non Institutional Investors(NIIS) | 16,065,000 | 2,13,200 | 0.01x | 23 March 2026; 10:54 AM |
| Retail Individual Investors (RIIs) | 37,485,000 | 15,05,760 | 0.04x | 23 March 2026; 10:54 AM |
| Employee Reservation | 53,55,000 | 1,49,840 | 0.03x | 23 March 2026; 10:54 AM |
| Total | 7,97,89,500 | 24,05,520 | 0.03x | 23 March 2026; 10:54 AM |
About Central Mine Planning & Design Institute Limited
Central Mine Planning & Design Institute Limited (CMPDIL) is a mining consultancy and engineering services company and a wholly owned subsidiary of Coal India Limited under the Ministry of Coal. The company provides consultancy across the entire mining lifecycle including geological exploration, mine planning, environmental management and geomatics services. It earns revenue mainly from consultancy projects for coal and mineral exploration, mine planning, and infrastructure engineering services provided to government and private mining companies.
Key Clients and Major Facilities
CMPDIL primarily serves Coal India Limited and its subsidiaries, which account for a major portion of its revenue. In the nine months ended December 31, 2025, 66% of revenue came from Coal India Limited and its subsidiaries.
The company operates through multiple regional institutes across India including Asansol, Dhanbad, Ranchi, Nagpur, Bilaspur, Singrauli and Bhubaneswar which support geological exploration, mine planning and technical consulting services for mining projects across the country.
Product Portfolio, Segments and Order Execution
CMPDIL provides services across four key segments: Geological Exploration and Resource Evaluation, Mine Planning and Design Services, Environment Services, and Geomatics and Survey Services. In Fiscal 2025, the largest segment was geological exploration contributing ₹9,708 million (46.2%) of revenue, followed by mine planning ₹4,452.8 million (21.2%), environmental services ₹3,597 million (17.1%), and geomatics ₹3,269.4 million (15.5%).
These services support mining companies across the full lifecycle of exploration, development, production and mine closure.
Future Plans, Expansion and Capex
CMPDIL plans to expand its consultancy services internationally, especially in African and Central Asian coal-producing countries. The company is also focusing on environment management, mine closure consulting, coal gasification technology and renewable energy advisory services. These initiatives aim to diversify the business beyond traditional coal consulting and expand CMPDIL’s presence in emerging energy and mineral sectors.
Employees and Banker to the Company
As of December 31, 2025, the company had 2657 full time employees. The Banker to the Company is State Bank of India.
Management and Growth Vision
CMPDIL is managed by a professional board led by Chairman-cum-Managing Director Chaudhari Shivraj Singh, along with functional directors responsible for engineering services, planning & design, and research & development. The leadership team focuses on strengthening CMPDIL’s position as India’s leading mining consultancy organization.
The management strategy is centered on three key areas:
- Strengthening the relationship with Coal India Limited, which remains the company’s largest client and provides a stable pipeline of projects.
- Diversifying the client base beyond Coal India to reduce dependency and increase private sector and international projects.
- Expanding services in emerging technologies, including digital mining, environmental consulting, coal gasification and renewable energy consulting.
For expansion and technology development, the company leverages internal cash flows, government-supported research projects and collaboration with public sector institutions. Being a government-backed PSU subsidiary also allows access to strategic projects funded by the Ministry of Coal and other government programs.
In the near future, management aims to grow the consultancy portfolio, expand overseas operations and strengthen CMPDIL’s position in the evolving mining and energy ecosystem.
Industry Overview
CMPDIL operates in the mining consultancy and mineral exploration services industry, which supports mining companies in exploration, resource estimation, mine design, environmental compliance and project management.
The industry is growing due to several macroeconomic and structural factors:
1. Growing Demand for Minerals
Industrialization and urbanization are increasing demand for coal, copper, aluminum, lithium and other minerals, which drives exploration activity and increases the demand for mining consultants.
2. Government Policies and Mining Reforms
India’s mining sector is undergoing major reforms including 100% FDI in mining, auction-based mining licenses and the National Critical Mineral Mission. These initiatives aim to improve mineral exploration and increase mining investment, which will boost the consultancy market.
3. Technological Transformation
Mining operations are increasingly adopting automation, AI, remote sensing and data analytics, which require specialized consulting expertise to implement and manage these technologies.
4. Environmental and Sustainability Regulations
Environmental impact assessments, sustainability reporting and ESG compliance requirements are increasing. Mining consultants are playing a critical role in helping companies comply with these regulations and reduce environmental impact.
Market Leaders
Major players in the mining consulting and engineering services sector include:
- Central Mine Planning & Design Institute Limited (CMPDIL)
- Mineral Exploration & Consulting Limited (MECL)
- MECON Limited
- Engineers India Limited
- RITES Limited
CMPDIL is one of the largest mining consultancy companies in India with about 61% market share in Fiscal 2025.
The long-term outlook of the industry remains positive due to continued demand for minerals, technological advancement and increasing environmental compliance requirements.
Key Risk Factors
1. High Dependence on Coal India Limited
A significant portion of CMPDIL’s revenue comes from Coal India Limited and its subsidiaries. In Fiscal 2025, 67.1% of revenue was derived from Coal India Limited group companies, exposing CMPDIL to risks if Coal India reduces its capital expenditure.
2. Commodity Price Volatility
Mining activity depends heavily on global commodity prices such as coal, iron ore and copper. Price fluctuations can reduce mining investment and delay exploration projects, negatively affecting demand for consultancy services.
3. Increasing Competition
The mining consultancy industry is becoming increasingly competitive with participation from domestic and international consulting firms. This may lead to pricing pressure and reduced market share.
4. Regulatory and Environmental Risks
Mining operations face strict environmental regulations and approvals. Any delay or rejection in project approvals can impact consultancy assignments and revenue growth.
5. Energy Transition Risk
The global shift toward renewable energy may reduce coal demand in the long term. Since coal projects form a large part of CMPDIL’s business, this transition could impact future demand for services.
6. Exploration Restrictions
Mining exploration activities may be restricted in forest areas or regions with law-and-order issues, which could limit exploration projects and impact consultancy revenue.
Key Strengths and Opportunities
1. Market Leader in Mining Consultancy
CMPDIL holds around 61% market share in the Indian mining consultancy industry, making it one of the dominant players in the sector.
2. Strong Relationship with Coal India
Being a subsidiary of Coal India Limited provides CMPDIL with a strong project pipeline, stable revenue visibility and access to large-scale mining projects.
3. Comprehensive Mining Lifecycle Services
CMPDIL offers services across the entire mining lifecycle including exploration, feasibility studies, mine design, environmental services and mine closure, making it a one-stop consultancy solution for mining companies.
4. Strong Technical Expertise and Infrastructure
The company has one of the largest fleets of exploratory drilling equipment in India, supported by advanced laboratories, geospatial technology and specialized technical teams.
5. Government Support and Strategic Role
CMPDIL assists the Ministry of Coal in strategic initiatives such as maintaining coal resource inventories and exploration programs, strengthening its importance in India’s mining sector.
6. Expansion into New Energy and Technology Areas
The company is exploring opportunities in renewable energy consulting, coal gasification, environmental sustainability and international mining projects, which can drive long-term growth.
Central Mine Planning & Design Institute Limited Financial Information (Restated Consolidated)
Amount in (₹ in Million)
| Period Ended | Dec 31, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
|---|---|---|---|---|
| Reserve of Surplus | 20,109.80 | 18,990.50 | 14,488.10 | 10,748.50 |
| Total Assets | 29,111.20 | 26,828.00 | 21,713.70 | 19,195.30 |
| Total Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Assets | 2,323.00 | 2,405.70 | 2,377.30 | 2,294.60 |
| Cash | 3,289.40 | 2,792.70 | 2,539.90 | 3,571.00 |
| Cash flow from operating activities | 4,234.10 | 6,711.40 | 2,462.60 | 3,994.10 |
| Cash flows from investing activities | -735.40 | -4,446.40 | -2,299.20 | -1,008.60 |
| Cash flow from financing activities | -3,002.00 | -2,012.20 | -1,194.50 | -942.10 |
| Net Borrowing | -3,289.40 | -2,792.70 | -2,539.90 | -3,571.00 |
| Revenue | 15,439.30 | 21,775.30 | 17,701.80 | 13,987.80 |
| EBITDA | 5,938.50 | 9,157.10 | 7,644.40 | 3,956.50 |
| PAT | 4,253.60 | 6,669.10 | 5,032.30 | 2,966.60 |
| PAT Margin | 27.55% | 30.63% | 28.43% | 21.21% |
| EPS | 6 | 9.3 | 7 | 4.2 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 9.3 |
| EPS Post IPO (Rs.) | 9.30 |
| Adjusted 12M EPS Post IPO (Rs.) | 7.94 |
| P/E Pre IPO | 18.49 |
| P/E Post IPO | 18.49 |
| Adjusted 12M P/E Post IPO | 21.65 |
| ROE | 36.70% |
| ROCE | 48.60% |
| P/BV | 6.01 |
| Debt/Equity | - |
| RoNW | 36.70% |
| EBITDA Margin | 42.10% |
| PAT Margin | 30.63% |
Central Mine Planning & Design Institute Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Central Mine Planning | 9.30 | 18.49 | 36.70% | 48.60% | 6.01 | - | 36.70% |
| Engineers India | 10.30 | 19.90 | 23.2 % | 25.0 % | 3.40 | 0.01 | 23.50% |
| Rites | 8.00 | 25.20 | 14.7 % | 21.8 % | 3.91 | 0.00 | 15.50% |
Central Mine Planning & Design Institute Limited Contact Details
Central Mine Planning Limited
Phone: +91 651 - 2230169
Email: complianceoff.cmpdi@coalindia.in
Website: http://www.cmpdi.co.in/
Central Mine Planning & Design Institute IPO Registrar and Lead Manager(s)
KFin Technologies Limited
Phone: +91 4067162222
Email: centralmine.ipo@kfintech.com
Website: http://www.kfintech.com/
- IDBI Capital Markets Services Ltd.
- SBI Capital Markets Ltd.
Central Mine Planning & Design Institute IPO Review
Central Mine Planning & Design Institute Limited (CMPDIL) is a mining consultancy and engineering services company and a wholly owned subsidiary of Coal India Limited under the Ministry of Coal. The company provides consultancy across the entire mining lifecycle including geological exploration, mine planning, environmental management and geomatics services. It earns revenue mainly from consultancy projects for coal and mineral exploration, mine planning, and infrastructure engineering services provided to government and private mining companies.
The Company is led by Promoter, PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF COAL, GOVERNMENT OF INDIA AND COAL INDIA LIMITED
The Revenues frorom operations for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 15,439.30 Million, ₹ 21,775.30 Million, ₹ 17,701.80 Million, and ₹ 13,987.80 Million, The EBITDA for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 5,938.50 Million, ₹ 9,157.10 Million, ₹ 7,644.40 Million, and ₹ 3,956.50 Million, The Profit after Tax for the Period ended on Dec 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 4,253.60 Million, ₹ 6,669.10 Million, ₹ 5,032.30 Million, and ₹ 2,966.60 Million, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 9.3 and post-issue EPS of ₹ 9.30 for FY25. The pre-issue P/E ratio is 18.49x,while the post-issue P/E ratio is 18.49x against the Industry P/E ratio is 22.6x The company's ROE for FY25 is 36.70% and RoNW is 36.70% The Annualised EPS is ₹ 7.94x and P/E is ₹ 21.65x , These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Central Mine Planning showing listing gains of 8.70%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Central Mine Planning Limited. IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.





