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Central Mine Planning & Design Institute IPO

Central Mine Planning & Design Institute IPO

Mining & Minerals
upcoming
₹13,040Min. investment
  1. Pre-apply
    TBA
  2. Bid start
    20 Mar
  3. Bid end
    24 Mar
  4. Allotment
    25 Mar
  5. Release of funds
    27 Mar
  6. Demat transfer
    27 Mar
  7. Listing
    30 Mar

Central Mine Planning & Design Institute Limited IPO Details

SectorMining & Minerals
Price range₹163 – ₹172
IPO type
Regular
Lot size80 shares
Issue size₹1,842Cr
Red Herring Prospectus
Read
Market Cap
₹12,280CrLower than sector avg
RevenueApr NaN - Mar F
₹2,102.7CrLower than sector avg
Growth rate3Y CAGR
23.17%

Central Mine Planning & Design Institute Limited IPO Overview

Central Mine Planning & Design Institute Limited IPO date

CMPDI IPO will open for subscription on March 20, 2026, and the closing date for the IPO is March 24, 2026. After this, investors are expected to be updated about the allotment status on March 25, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on March 27, 2026. The shares will be listed on the NSE and the BSE on Monday, March 30, 2026.

Central Mine Planning & Design Institute IPO price band

The IPO includes an offer for sale. The IPO price band has been set between ₹163 and ₹172 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising an offer for sale of ₹1,842 crore. CMPDI IPO listing price will be determined on March 30, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Central Mine Planning & Design Institute Limited IPO lot size

CMPDI IPO details have been declared. The minimum lot size for an application is 80 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹1,842 crore.

Checklist

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Objectives

Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Strength and Weakness

Strong coal India relationship

The firm plays a vital role as a consulting partner for Coal India Limited and the Ministry of Coal, offering expertise in exploration, mine planning, engineering, and environmental matters. Furthermore, the company has expanded its client portfolio. It grew from 38 clients in FY23 to 76 by December 31, 2025. Revenue from clients outside of CIL reached ₹506.36 crore in 9MFY26, accounting for roughly 34% of total revenue. The company's clientele encompasses both public and private sector organisations, including Adani Enterprises Limited.

Integrated mining consultancy platform

CMPDIL provides complete consultancy support throughout the mining process, which encompasses coal and mineral discovery and mine development and environmental protection services and geomatic studies and mine abandonment procedures. The business model of the company enables it to operate as one of India’s major consultancy firms which serves the coal and mineral industry because the country maintains high domestic coal requirements, which reached about 1,253 MT during FY25 and will continue to be strong in future years.

Advanced infrastructure and technology capabilities

The company maintains one of India’s most extensive exploratory drilling equipment fleets, which operates through advanced technologies that include Ground Penetrating Radar (GPR) and seismic vibrators and geophysical loggers and resistivity imaging systems. The company employs advanced software tools which include Minex and Vulcan and ArcGIS and MODFLOW, to create resource models while conducting geospatial research that leads to precise and effective exploration results.

Extensive exploration expertise

CMPDIL has developed extensive knowledge for geological exploration and resource evaluation through its 50 years of operational experience. The company has completed more than 700 geological exploration reports during the last ten years while it has produced over 300 hydrogeological reports since April 2021 which includes 205 mining projects that received Central Ground Water Authority approval.

About Central Mine Planning & Design Institute Limited

Incorporated in 1975, Central Mine Planning & Design Institute (CMPDI) is a wholly owned subsidiary of Coal India Limited. The company was conferred Mini Ratna Category II status in 2009, which was later upgraded to Mini Ratna Category I in 2019. It offers consultancy services related to coal and mineral projects through its entire lifecycle, including exploration, mine planning and designing, infrastructure engineering, environment management, and advanced surveying services. The company currently has a market share of around 61% in the Indian mining consultancy industry, making it a major player in this sector. While its major clients are Coal India Limited and its subsidiaries. The company also offers consultancy services to government agencies such as the Ministry of Coal and the Ministry of Petroleum and Natural Gas in matters related to coal and other minerals.
The company has four major segments for its operations. The first is Geological Exploration and Resource Evaluation, which generated 45.8% of revenue for 9MFY26. This includes drilling services, geological mapping, geophysical surveys, seismic surveys, hydrogeological surveys, etc. Mine Planning and Design Services is the second segment, which accounts for 19.7% of revenue in the ongoing fiscal year and includes mine design services for open-pit mines and underground mines, feasibility studies, equipment selection services, coal washery consultancy services, etc.
The third segment is environmental planning and monitoring services, generating 17.8% of revenue. This includes environmental impact assessments, environmental management planning, carbon footprint analysis, and mine closure planning. The final segment is geomatics and survey services, contributing 16.7% of revenue. This includes remote sensing services, GIS mapping services, LiDAR surveys, UAV-based mapping services, volume measurements of mining areas, etc.
Coal India and its subsidiaries are the largest clients for CMPDI, accounting for about 66% of its revenue for 9MFY26. Yet, the company has been able to expand its business with external clients gradually. The revenue earned from external clients, excluding Coal India, increased substantially from ₹239.99 crore (17.3% of total revenue earned in FY23) to ₹692.08 crore (32.9% of total revenue earned in FY25). At the same time, the number of clients increased from 38 as on March 31, 2023, to 76 as on December 31, 2025. The company has several repeat clients as well, with 8 of its major clients continuing their association for 4 consecutive periods.
The company carries out its activities through a network of seven regional institutes, which are located in major coal-producing states like West Bengal, Jharkhand, Maharashtra, Chhattisgarh, Madhya Pradesh, and Odisha, among others. It has one of the largest fleets of exploration drilling equipment for coal and minerals in India. It also has 8 well-equipped laboratories for testing air, water, soil, noise, coal core samples, and run-of-mine coal, among others. In terms of technology, CMPDI uses state-of-the-art equipment like 2D/3D seismic surveys, GPR, LiDAR, UAV surveys, and mining software like Minex, Vulcan, ArcGIS, and MODFLOW, among others. In 9MFY26, the company undertook extensive exploratory drilling across 131 coal blocks in 31 coalfields and five lignite blocks under four lignite fields situated in three states. Coal exploration included 46 non-coal India Limited blocks, five consultancy blocks, 49 Coal India Limited blocks, 30 promotional blocks, and 1 NMEDT-funded block.
The Indian mining consultancy market has been estimated to be around ₹3,425.20 crore in FY25 and expected to increase to ₹4,327.40 crore in FY30, with a CAGR of nearly 4.8% over the period. Also, coal remains a significant component of India’s energy portfolio. The coal requirement for India has been estimated to be around 1,253 MT in FY25. This is expected to sustain for a longer period of time, i.e., till FY35. The mining sector as a whole contributes around 2% to India’s GDP. This is an important sector that provides raw materials to various sectors like power, steel, cement, etc. The exploration segment is expected to grow to ₹2,046.2 crore in FY30 followed by the planning & design segment that is expected to grow to ₹1,061.30 crore. This will help in the growth of the Central Mine Planning & Design Institute Limited.
The company is planning a major capacity addition of approximately 787 MT by developing or expanding approximately 50 mines is Coal India Limited, which is the largest coal producer in the world. This will generate a huge requirement for consultancy services for exploration, geomatics, mine planning & design, etc. Central Mine Planning & Design Institute Limited is already the preferred consultant for Coal India Limited, which has a market share of ~61% in FY25. In addition, opportunities are expected to come from the Government of India’s push to commercialise coal blocks for both public and private players, a rise in the number of auctions for non-coal mineral blocks in India, and a possible entry into the market in Africa and Central Asia, where coal is a major source of energy.
Now, the Central Mine Planning & Design Institute (CMPDI) is launching its initial public offering (IPO), which is a complete offer for sale of ₹1,842 crore, wherein selling shareholders will receive the net IPO proceeds. The company’s shares will be listed on the NSE and BSE.

How to pre-apply for the CMPDI IPO?

You can pre-apply for the CMPDI IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘CMPDI IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for the CMPDI IPO?

If you are interested in this investment opportunity but unsure how to apply for the CMPDI IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the CMPDI IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘CMPDI IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check the CMPDI IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the CMPDI IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your CMPDI IPO allotment status will be mentioned.

Frequently asked questions

How to invest in the Central Mine Planning & Design Institute IPO ?

Investors can apply for the Central Mine Planning & Design Institute IPO through their Demat account via the stock exchange or through their broker.

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

The issue size of the Central Mine Planning & Design Institute IPO is 1842 Cr.

What is 'pre-apply' for Central Mine Planning & Design Institute IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Central Mine Planning & Design Institute IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Opens on 20 Mar 2026