Central Mine Planning & Design Institute Ltd (CMPDI) IPO Details: Issue Highlights

Central Mine Planning & Design Institute Ltd (CMPDI) IPO is an upcoming PSU issue from Coal India’s core mining consultancy arm, structured as a 100% Offer for Sale (OFS) where Coal India will divest 7.14 crore shares and CMPDI itself will not receive fresh capital. The IPO is expected to hit the market in FY26 after SEBI approval and favourable market conditions, and will list on both NSE and BSE as part of the government’s broader PSU disinvestment roadmap. The registrar is Kfin Technologies Ltd.

CMPDI IPO schedule & size (to be updated)

CMPDI DRHP & RHP Files

CMPDI IPO key details (indicative)

CMPDI market lot size & investor categories

Retail, HNI and institutional investors will be able to apply in standard market lots, but the exact lot size and category‑wise allocation percentages will be announced only in the RHP and final offer documents. There is a strong possibility of a separate Coal India shareholder quota, as many analytical portals highlight potential preferential allotment for investors holding even one share of Coal India, but this is still subject to final issue structure.​

For now, investors should assume the standard mainboard IPO allocation structure, where Qualified Institutional Buyers (QIBs), Non‑Institutional Investors (NIIs / HNIs) and Retail Individual Investors get separate reservations based on regulatory norms. If a shareholder reservation is created for Coal India investors, applications must respect the ₹2,00,000 overall cap when combining retail and shareholder categories.

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CMPDI IPO expected category structure

CMPDI promoters and shareholding pattern

Coal India Limited currently holds 100% of CMPDI’s equity share capital, and the IPO will mark its first dilution of ownership through the capital market. The transaction fits into the government of India’s wider PSU disinvestment strategy to unlock value from profitable subsidiaries while keeping majority control with the parent.​

After the IPO, Coal India is expected to remain the dominant promoter with around 90% stake (assuming a 10% dilution via OFS), though the exact post‑issue holding will be confirmed in final documents. Public shareholders, including institutions, HNIs and retail investors, will together hold the balance equity, giving CMPDI a diversified ownership base alongside its PSU promoter.​

CMPDI shareholding pattern (pre & post IPO – indicative)

Anchor investors and institutional participation

Anchor investors will be finalised just before the issue opens, and their names and allocation amounts will be disclosed in the anchor investor allocation document filed with the exchanges. At this stage, there is no official anchor investor list in the public domain because the IPO launch window is still pending regulatory and market clearances.​

Given CMPDI’s PSU profile, strong financials and linkage to Coal India, the IPO is likely to attract interest from domestic mutual funds, insurance companies and long‑only FIIs focused on Indian infrastructure, energy and PSU themes. Institutional subscription trends in the QIB category will be an important sentiment indicator for retail investors once the issue opens.

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Merchant bankers and other intermediaries

Two leading domestic investment banks have been appointed as book running lead managers for the CMPDI IPO: SBI Capital Markets and IDBI Capital Markets & Securities. KFin Technologies has been selected as the registrar to the issue, leveraging its strong track record in handling large‑scale mainboard IPO allotments.​

These intermediaries will be responsible for finalising the IPO structure, marketing the deal to institutional investors and managing the end‑to‑end listing process on NSE and BSE. Investor communications, roadshows and valuation guidance will largely be driven through these merchant bankers as the IPO approaches its launch window.

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CMPDI IPO intermediaries

CMPDI IPO GMP and listing expectations

As of now, there is no reliable, widely tracked Grey Market Premium (GMP) for CMPDI because the IPO has not opened and the price band has not been declared, so any figures circulating in informal markets should be treated as purely speculative. Once the IPO dates and pricing are announced, grey market activity may pick up, reflecting investor sentiment around PSU listings, Coal India’s performance and broader market conditions.​

Historically, strong PSU IPOs with solid financials and clear dividend visibility have attracted meaningful grey market interest, and CMPDI’s combination of high profitability and zero debt could support positive listing expectations if pricing is reasonable. However, investors should focus more on fundamentals and long‑term value rather than short‑term GMP movements.

Allotment Details

Registrar details coming soon.

Allotment check link: Click here

CMPDI IPO review – strengths, risks and long‑term view

CMPDI brings a rare combination of PSU stability and high‑margin, knowledge‑driven consulting in a domain where entry barriers are significant, thanks to decades of experience in coal and mineral exploration, mine design and environmental engineering. The company benefits from long‑standing relationships with Coal India and government agencies, multiple ISO certifications and a pan‑India presence through seven regional institutes and field units, which collectively support recurring business and strong profitability.​

On the risk side, CMPDI’s fortunes remain closely tied to coal‑sector dynamics and government policy, and any accelerated shift away from coal or delays in mining projects could affect order flows. Additionally, because the IPO is a pure OFS, there is no direct capital infusion into CMPDI, and investors are primarily betting on its existing cash‑generating model, dividend potential and future growth in non‑Coal India assignments.​

From a long‑term perspective, investors looking for exposure to India’s mining and resource‑planning ecosystem may find CMPDI attractive if valuations are reasonable relative to its earnings, net worth and cash flows. However, final investment decisions should wait for the detailed RHP, confirmed price band, peer valuation benchmarks and updated financials closer to the IPO launch.

Central Mine Planning & Design Institute Ltd Company Information

Central Mine Planning & Design Institute Limited (CMPDI) has been a wholly owned subsidiary of Coal India Limited since 1975. Its roots go back to 1972, when a joint Indo-Polish study committee suggested a single planning hub for India’s fragmented mining sector during the nationalization of coal. CMPDI was created on November 1, 1975, as a public sector company under the now-defunct Coal Mines Authority Limited. It came from the planning division of the National Coal Development Corporation, which is no longer in business. Its goal was to bring mineral exploration, mine design, and resource evaluation all under one roof. It is based in Ranchi, Jharkhand, and has grown to become India’s largest coal and mineral consulting company. It has held Mini Ratna Category I status since June 2019 and ISO 9001 accreditation since 1998.

CMPDI’s main job is to handle business and corporate functions. It offers full-service consulting in geological exploration, mine planning and design for open-pit and underground operations, environmental management, geomatics and remote sensing, and specialized research and development advice for coal, lignite, and other minerals. It is Coal India’s chosen in-house consultant and is in charge of the company’s annual coal production of more than 781 million tonnes. It also works with private companies, state governments, federal ministries, PSUs, and overseas clients. CMPDI has seven regional institutes in Asansol, Dhanbad, Ranchi, Nagpur, Bilaspur, Singrauli, and Bhubaneswar, as well as field units and exploration camps. This means that it can serve customers all over India. In FY24, it got more than ₹100 crore in orders from outside companies.

CMPDI is doing well financially, with revenue from operations rising from ₹1,386 crore in FY23 to ₹2,103 crore in FY25. This is because the company has a diversified portfolio, with geological exploration making up 46% of its business, mining planning 21%, environmental services 17%, and geomatics 16%. Profitability is still high, with net profit tripling from FY23 to roughly ₹667 crore in FY25. This is thanks to having no debt, consistent other income from government contracts and interest, and a highly efficient asset-light approach. This achievement shows how strong CMPDI is in the face of increased demand for mining optimization, environmental compliance, and digital technology in India’s resource industry.

CMPDI is the Ministry of Coal’s main research and development (R&D) agency, the Ministry of Petroleum’s main coalbed methane advising agency, and NITI Aayog’s main data keeper for national coal inventories. The Department of Scientific and Industrial Research has recognized it as an in-house R&D organization. It has worked on more than 400 projects worth ₹850 crore and runs advanced labs for gas chromatography, geophysics, petrography, environmental testing, and even a “Make-in-India” 5G testbed for mining technology. It has a lot of experience with greenfield coal washeries, from writing conceptual papers to managing bids. This strengthens its position in sustainable mining transitions.

Looking ahead, CMPDI’s forthcoming IPO, which was filed through DRHP in May 2025, would give it access to a wider market and fit in with Coal India’s aim to float its subsidiaries, such as BCCL, SECL, and MCL, by FY27. CMPDI is set to take advantage of India’s demand for energy security, clean coal breakthroughs, and worldwide mining consulting prospects. The company has no debt, a steady stream of revenue from Coal India, and an expanding range of businesses outside of India.

CMPDI Company Financials

CMPDI has delivered strong, debt‑free financials with robust profitability growth over the last few years, driven by expansion in consultancy assignments and reduced dependence on Coal India alone for revenue. Multiple reports highlight that the company’s net profit and revenue have grown sharply since FY23, with FY25 profit above ₹660 crore and a healthy net worth base.​

The company has also recorded a steady improvement in margins as high‑value technical projects and external consultancy revenues increased, while maintaining zero debt and strong cash flows typical of asset‑light service businesses. CMPDI’s net worth stood around ₹1,591.61 crore, underscoring a solid balance sheet relative to its operations.

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CMPDI Financial Highlights

Valuation and Peer Comparison

Final valuation will be known only after the price band is announced, but discussions around the DRHP position CMPDI as a profitable, cash‑rich mining consultancy that could command a premium to traditional EPC or contract mining players. Investors are likely to benchmark CMPDI against listed engineering, consulting and mining‑services companies rather than pure coal miners, given its asset‑light, fee‑based business model.​

Peer sets may include select engineering and project consultants, mining services, and possibly other Coal India‑linked subsidiaries once listed, though there is no perfect listed peer focused solely on coal and mineral consultancy. Valuation metrics such as price‑to‑earnings (P/E), price‑to‑book (P/B) and return ratios will become clearer once RHP financial details and price band are available.

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CMPDI company contact details

• Registered / corporate office address:
  Central Mine Planning & Design Institute Limited (CMPDI),
  Gondwana Place, Kanke Road,
  Ranchi – 834031, Jharkhand, India.​

• Board / office phone numbers:
  +91 651 2230001, +91 651 2230002, +91 651 2230003;
  Additional board lines: (+91) 651 2231850 / 51 / 52 / 53.​

• Fax numbers:
  +91 651 2231447, 0651‑2230933, 0651‑2230826 (HQ, Ranchi).​

• Official email IDs (you can pick one primary for your table):
  cmd.cmpdi@coalindia.in (Chairman‑cum‑Managing Director office).​
  cmpdi2@hub.nic.in (general corporate contact used in public references).​

• Official website:
  https://www.cmpdi.co.in

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Registrar contact details (KFin Technologies Limited)

For the CMPDI IPO, the registrar is KFin Technologies Limited, whose generic IPO / RTA contact details are:

• Registered office / key address:
  KFin Technologies Limited,
  KFintech, Tower‑B, Plot No. 31 & 32,
  Financial District, Nanakramguda, Gachibowli,
  Hyderabad, Telangana, India – 500032.​

• Alternate registered office (Mumbai, often used in investor documents):
  KFin Technologies Limited,
  301, The Centrium, 3rd Floor, 57,
  Lal Bahadur Shastri Road, Nav Pada,
  Kurla (West), Mumbai – 400070, Maharashtra, India.​

• IPO / investor service email:
  einward.ris@kfintech.com.​

• Investor support / phone:
  1800 309 4001 (toll‑free, widely used for KFin IPO and RTA queries).​

• Registrar website:
  Kfin Technologies Ltd.

Nadim

Mr. Nadim Abbas M G is an Intermediate Chartered Accountant with a strong background in Information Technology. He combines his expertise in IT with a deep understanding of the stock market, making him a valuable resource for both financial and technical insights. With hands-on experience in accounting, IT systems, and stock market analysis, Nadim excels in bridging the gap between finance and technology, offering strategic advice and expert guidance in both domains.