CMPDI's ₹1,842 Cr IPO Opens 20 Mar; Check Price Band & Lot Size

Central Mine Planning & Design Institute Ltd (CMPDI) has announced the price band for its upcoming initial public offering (IPO). The public issue will open for subscription on 20 March 2026 and is scheduled to close on 24 March 2026.

The offering will be structured entirely as an offer for sale (OFS). This means the company itself will not receive any proceeds from the IPO. The shares will be sold by the existing shareholders, which include the government of India and Coal India.

CMPDI operates as the technical consultancy arm that supports India’s coal mining sector. Its work covers multiple stages of mining activity. These range from geological exploration and mine planning to environmental studies and infrastructure design.

With the issue approaching, market participants will be watching both the structure of the CMPDI IPO and the business behind the company.

What Are The Key Details Of The CMPDI IPO?

The public issue will follow the book-building route, where investors place bids within the announced price band.

Through the offer, 10.71 crore equity shares will be sold by the current shareholders. The transaction forms part of the government’s disinvestment programme.

Retail investors will be able to apply for the IPO starting with one lot of 80 shares, and bids can be made in multiples of this lot size thereafter.

For high-net-worth investors (HNIs), the minimum bid requirements differ depending on the category. Small HNIs will need to apply for 1,200 shares, while big HNIs must bid for 5,840 shares.

The IPO is being managed by IDBI Capital Markets, which is acting as the book-running lead manager. KFin Technologies has been appointed as the registrar to the issue.

What Does CMPDI Do In The Mining Sector?

CMPDI was incorporated in 1974 and operates as a consultancy company focused on coal and mineral projects.

The company provides technical and advisory services throughout the lifecycle of mining projects. These include exploration, planning, environmental assessment and infrastructure support.

Its activities are organised into several specialised service verticals:

• Geological exploration and resource evaluation

• Mine planning and design services

• Environmental monitoring and planning

• Geomatics, surveying and remote-sensing solutions

The firm is considered one of the largest consultancy organisations in the coal and mineral sector in India. In FY25, CMPDI held a market share of around 61% within its segment.

A large portion of its work comes from Coal India, the country’s largest coal producer. The longstanding relationship between the two organisations has helped CMPDI maintain a steady pipeline of projects.

Apart from consultancy work, the company operates significant infrastructure to support exploration activities. As of 31 March 2025, it maintained one of the largest fleets of drilling equipment used for coal and mineral exploration in the country.

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Investor Takeaway

At the upper end of the IPO price band, CMPDI is expected to have a post-listing market capitalisation of around ₹12,280.80 crore.

Since the issue is entirely an OFS, the company will not receive any funds. For investors, this means the IPO is simply a stake sale by existing shareholders, so future returns will depend on the company’s performance rather than the proceeds from the listing.

Sources:

CNBC

Chittorgarh

SEBI RHP