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CMPDI IPO: Who is eligible to apply under shareholder quota for Coal India investors

Kamal Joshi
By Kamal Joshi

3 min read | Updated on March 18, 2026, 10:13 IST

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SUMMARY

CMPDI IPO: The issue is only an offer for sale (OFS) of 10.71 crore equity shares by promoter Coal India Limited, with no fresh issue component.

CMPDI's maiden IPO will conclude on March 24. | Image: Pixabay

CMPDI's maiden IPO will conclude on March 24. | Image: Pixabay

CMPDI IPO: The ₹1,842.12 crore initial public offering of Coal India Limited's subsidiary Central Mine Planning and Design Institute (CMPDI) is set to open for subscription on March 20. The issue, which has set a price band of ₹163 to ₹172 per share, will conclude on March 24. A lot consists of 80 shares.

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The issue is only an offer for sale (OFS) of 10.71 crore equity shares by promoter Coal India, with no fresh issue component.

"Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," the firm said in its red herring prospectus (RHP).

CMPDIL was incorporated in 1975 as a wholly owned subsidiary of Coal India Limited. It is engaged in offering consultancy and support services for the complete spectrum of coal and mineral exploration, apart from mine planning and design services.

The company's shares will be listed on the NSE and the BSE on March 30.

CMPDI IPO shareholder quota

Central Mine Planning and Design Institute (CMPDI), which is a fully-owned subsidiary on Coal India, has reserved equity shares worth ₹184.21 crore (10% of the issue) for the eligible shareholders of Coal India.

Applying under the shareholders' quota and retail investors' portion increases the chances for allotment. However, it does not guarantee allotment.

CMPDI IPO: Who is eligible under shareholders’ quota for Coal India investors

Investors who held shares of Coal India on or before the record date, i.e., March 12, 2026, will be eligible to apply under the shareholder quota for CMPDI IPO.

To be eligible under the CMPDI IPO shareholders' quota, investors should hold at least one share of Coal India as of the record date.

CMPDI IPO: A look at financials

(₹ crore)FY24FY259M FY26
Revenue1,732.62,102.71,489.6
Total Assets2,171.32,682.82,911.1
Net Profit503.2666.9425.3
EBITDA764.4915.7593.8
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CMPDI IPO GMP

According to investorgain.com and media reports, the unlisted shares of CMPDI are trading at ₹194, reflecting a grey market premium (GMP) of 12.79% or ₹22 compared to the upper price band of ₹172.

Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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