Central Mine Planning & Design Institute IPO- Company Analysis
Central Mine Planning & Design Institute's IPO is a Main Board IPO, categorized as a book-built issue of ₹1,842.12 crores by Central Mine Planning & Design Institute Limited (CMPDI). CMPDI is a top consulting and engineering firm offering comprehensive services for minerals and coal, including exploration, mine planning, and design.
CMPDI provides vital services for India’s mining infrastructure, environment, and technology. While CMPDI’s main focus is coal, they offer services for other minerals as well. CMPDI is Coal India Limited's top consultant, giving CMPDI a strong position in the industry.
CMPDI has a market share of 61.0% in FY2025, making CMPDI one of the top coal and mineral consulting firms in India.
Key Business Verticals
CMPDI works in a variety of specialized areas, including:
1. Geological Investigation & Resource Assessment
2. Mine Planning & Design Services
3. Environmental Planning & Monitoring Services
4. Survey, Remote Sensing & Geomatics Services
CMPDI is one of the best resource management and mining firms in India due to its strong relationship with its clients and the variety of services CMPDI offers.
Central Mine Planning & Design Institute IPO Details
The Central Mine Planning & Design Institute has their IPO on March 20, 2026. It closes on March 24, 2026 & allotments occur on March 25. Refunds will be issued starting March 27, 2026.
For the new Rs. 1,842.12 Mainboard IPO, there is an offer for sale for 10.71 crore shares.
The expected date for the Central Mine Planning & Design Institute IPO is March 30, 2026, for listings at the BSE & NSE.
The price range for the Central Mine Planning & Design Institute IPO is Rs. 163 to Rs. 172.
IPO Timetable (Tentative)
| Events | Date |
| IPO Opening Date | Mar 20, 2026 |
| IPO Closing Date | Mar 24, 2026 |
| IPO Allotment Date | Mar 25, 2026 |
| Refund Initiation | Mar 27, 2026 |
| IPO Listing Date | Mar 30, 2026 |
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Company Financials
(Amount in Cr)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,682.80 | 2,171.37 | 1,919.53 |
| Total Income | 2,177.53 | 1,770.18 | 1,398.78 |
| Profit After Tax | 666.91 | 503.23 | 296.66 |
| EBITDA | 915.71 | 764.44 | 395.65 |
| NET Worth | 2,041.85 | 1,591.61 | 1,217.65 |
| Reserves and Surplus | 1,899.05 | 1,448.81 | 1,074.85 |
Cash Flows
(Amount in Mn)
| Net Cash Flow | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Net Cash Flow Operating Activities | 6,711.4 | 2,462.6 | 3,994.1 |
| Net Cash Flow Investing Activities | (4,446.4) | (2,299.2) | (1,008.6) |
| Net Cash Flow Financing Activities | (2,012.2) | (1,194.5) | (942.1) |
Revenue Bifurcation
(Rs. in Mn)
(Source: RHP)
Listed Peers of Central Mine Planning & Design Institute Ltd.
| Name of Company | Face Value (Rs. ) | Basic EPS (Rs. ) | PE Ratio (x) |
| Engineers India Ltd (EIL) | 5 | 10.3 | 19.9 |
| RITES Limited (RITES) | 10 | 8.0 | 25.2 |
Valuation
| KPI | Value |
| ROCE | 48.6% |
| RoNW | 36.7% |
| PAT Margin | 30.60% |
| EBITDA Margin | 42.10% |
| Price to Book Value | 6.01 |
Evaluation of P/E Ratio
The period for P/E Ratio calculation ended FY 2025 with an EPS of Rs. 9.3 from the previous FY. Thus the P/E Ratio turns out to be 18.49x.
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IPO's Strengths
- Multidisciplinary Company with diversified services.
- Significant consultancy partner with diversified clientele for the Ministry of Coal, Coal India Limited.
- Significant experience in executing exploratory projects.
- Advanced multi-service enabling infrastructure.
- Strong operational backing from the parentage of Coal India Limited.
IPO's Weaknesses
- High client concentration risk.
- Dependence on Coal India Limited.
- Dependency on a few vendors for exploratory services.
Central Mine Planning & Design Institute IPO GMP (Grey Market Premium)
Current Central Mine Planning & Design Institute IPO GMP is Rs. 4 as of 19 Mar 2026 where this information is being written from. Considering the price band of Rs. 172, the expected listing price of the IPO is Rs. 193, which gives an expected return of 12.21%.
Central Mine Planning & Design Institute IPO Summary
| IPO Opening & Closing Date | 20 Mar, 2026 to 24 Mar, 2026 |
| Face Value | Rs. 2 per Share |
| Issue Price | Rs. 163 to Rs. 172 per Share. |
| Lot Size | 80 Shares |
| Issue Size | 10,71,00,000 Shares (Rs. 1842 Cr) |
| Offer for Sale | 10,71,00,000 Shares (Rs. 1842 Cr) |
| Fresh Issue | - |
| Listing at | BSE, NSE |
| Issue Type | Bookbuild issue IPO |
| Registrar | Kfin Technologies Ltd. |
IPO Lot Details
| Minimum Lot Investment (Retail) | 1 Lot |
| Maximum Lot Investment (Retail) | 14 Lots |
| HNI (Min) | 15 Lots |
Central Mine Planning & Design Institute IPO Allotment Status
To find out about Central Mine Planning & Design Institute IPO Allotment Status, go to the official website of the Registrar or the BSE website. Here are the links to the websites.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Central Mine Planning & Design Institute Ltd.
- President of India, acting through the Ministry of Coal, Government of India
- Coal India Limited
| Pre-Issue Promoter Shareholding | 100% |
| Post-Issue Promoter Shareholding | - |
IPO Lead Managers
- IDBI Capital Markets Services Ltd.
Dividend Policy
For FY25, the company has a dividend payout of Rs. 1050.4.
Conclusion
With the CMPDI IPO, the investors get an opportunity to get associated with a premier mining consulting company backed by Coal India Ltd. and the Indian Government through the Central Mine Planning & Design Institute. It is financially growing rapidly, has great margins, and is a market leader in coal and minerals consulting. However, due to the limited client diversification and high dependence on Coal India, it is advisable to keep the CMPDI IPO investment to a minimum.
To Apply for the IPO, Click Here.
To Read the Prospectus of the company, click here to download the DRHP.
Disclaimer: The information provided in this blog is for educational and informational purposes only and should not be considered as investment advice, research, or a recommendation to buy, sell, or hold any securities. Stock market investments are subject to market risks. Readers are advised to read all scheme-related documents carefully and consult their financial advisor before making any investment decisions.
