Central Mine Planning IPO opens Mar 20; Coal India arm to raise ₹1,842 crore at ₹163–172 price band
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Central Mine Planning & Design Institute Limited (CMPDI), a consultancy arm of state-owned Coal India Limited , has set a price band of ₹163–172 per share for its upcoming initial public offering (IPO). The company looks to raise ₹1,842.12 crore through the public offering at a market valuation of around ₹12,280 crore.
The IPO is entirely an offer for sale (OFS) of 10.71 crore equity shares, meaning the proceeds will go to the selling shareholders rather than the company.
The three-day IPO will open for bidding on March 20 and close on March 24, while the allotment of shares is expected to be finalised on March 25. The tentative listing date of the Central Mine Planning IPO on the BSE and NSE is March 30.
The lot size of the IPO is 80 shares and in multiples thereafter. At the upper end of the price band, retail investors will need to invest a minimum of ₹13,760 for one lot.
As per the issue structure, qualified institutional buyers (QIBs) will get up to 50% of the issue, while retail investors will be allotted at least 35%. The remaining 15% will be reserved for non-institutional investors (NIIs).
Incorporated in 1974, CMPDI provides consultancy and support services across coal and mineral exploration, mine planning and design. Its services also cover infrastructure engineering, environmental management, specialised technology services and management systems, primarily catering to the coal and mineral sector.
The company is among the largest coal and mineral consultancy firms in India, with a 61% market share in FY25, and serves as the preferred consultant for Coal India.
CMPDI has reported steady financial growth over the past few years. For the nine months ended December 2025, the company reported total income of ₹1,543.93 crore and profit after tax of ₹425.36 crore. For FY25, the company posted total income of ₹2,177.53 crore, compared with ₹1,770.18 crore in FY24. Net profit stood at ₹666.91 crore in FY25, up from ₹503.23 crore in the previous fiscal.
The company’s EBITDA rose to ₹915.71 crore in FY25 from ₹764.44 crore in FY24, reflecting improved operating performance.
CMPDI’s net worth increased to ₹2,041.85 crore in FY25, while total assets stood at ₹2,682.80 crore, highlighting a strengthening balance sheet.
IDBI Capital Markets Services Ltd. is the book-running lead manager to the issue, while KFin Technologies Ltd. has been appointed as the registrar.
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