Published: 30 March 2026 | 6.14 AM
Last Updated: 30 March 2026 | 12.00 PM
IPO Overview
Central Mine Planning IPO is a book build issue of 10.71 crore shares. The issue is entirely an offer for sale of 10.71 crore shares. Central Mine Planning IPO opens for subscription on Mar 20, 2026 and closes on Mar 24, 2026. The allotment for the Central Mine Planning IPO is expected to be finalized on Mar 25, 2026. Central Mine Planning IPO will list on BSE and NSE with a tentative listing date fixed as Mar 30, 2026.
Central Mine Planning IPO is a mainboard IPO offering exposure to the mining consultancy, coal exploration and technical services segment in India.
Central Mine Planning IPO Key Highlights
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IPO Date: 20–24 March 2026
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Listing Date: 30 March 2026
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Issue Size: 10.71 crore shares (OFS)
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Business: Mining consultancy, coal exploration and mine planning
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Face Value: Rs. 4 per share
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GMP: Rs. 8
| Particular | Details |
|---|---|
| IPO Size | 10,71,00,000 shares |
| Business | Coal and mineral exploration, mine planning, consultancy and technical support services |
| Market Presence | Pan-India mining consultancy presence with strong linkage to Coal India ecosystem |
| Key Risk | Dependence on coal sector spending and government-linked project pipeline |
| Chanakya View | Dominant mining consultancy franchise with strong profitability; pricing and OFS structure remain key monitorables |
| Particular | Details |
|---|---|
| IPO Date | 20–24 March 2026 |
| Price Band | To be declared |
| Lot Size | To be declared |
| Issue Size | 10,71,00,000 shares |
| Listing Date | 30 March 2026 |
Central Mine Planning IPO Investment Summary
Strength: Strong government linkage + high-margin consultancy model
Risk: OFS issue + dependence on coal sector capex
Verdict: Quality business; valuation will be decisive
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👉 Latest Central Mine Planning IPO GMP, subscription status, financials, valuation and Chanakya review explained below.
Central Mine Planning IPO GMP – Latest Update
| GMP | Estimated Listing Price | Expected Gains |
|---|---|---|
| Rs. 4 | Rs. 176 | 2.33% |
Grey Market Premium (GMP) indicates the estimated listing sentiment based on unofficial market demand and may change frequently.
Central Mine Planning IPO Subscription Status – Live Update
| Category | Subscription |
|---|---|
| QIB | 2.92x |
| NII | 0.35x |
| Retail (RII) | 0.34x |
| Total | 0.92x |
Listing- The scrip is listed at Rs. 160, discount to the issue price. The listing has been utter disappointment to the investors who expected small premium on the listing.
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IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Opening Date | Friday, 20 Mar 2026 |
| IPO Closing Date | Tuesday, 24 Mar 2026 |
| Listing Date (Tentative) | Monday, 30 Mar 2026 |
| Face Value | Rs. 2 per share |
| Price Band | To be declared |
| Lot Size | To be declared |
| Issue Type | Book Building IPO |
| Sale Type | OFS only |
| Total Issue Size | 10,71,00,000 shares (agg. up to Rs. [.] Cr) |
| Offer for Sale | 10,71,00,000 shares |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 71,40,00,000 shares |
| Share Holding Post Issue | 71,40,00,000 shares |
| Market Cap (Pre-IPO) | To be declared |
IPO Timetable
| Event | Date |
|---|---|
| IPO Opens | Fri, Mar 20, 2026 |
| IPO Closes | Tue, Mar 24, 2026 |
| Allotment | Wed, Mar 25, 2026 |
| Refunds | Fri, Mar 27, 2026 |
| Credit of Shares | Fri, Mar 27, 2026 |
| Listing | Mon, Mar 30, 2026 |
Reservation
| Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Offer |
| NII | Not less than 15% of the Offer |
| Retail | Not less than 35% of the Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs. 2 lakhs | Yes |
| Only sNII | Rs. 2 lakhs to Rs. 10 lakhs | No |
| Only bNII | Above Rs. 10 lakhs | No |
| Shareholder | Up to Rs. 2 lakhs | Yes |
| Employee | Up to Rs. 5 lakhs | Yes |
| Particular | Details |
|---|---|
| Shareholder Eligibility | Must hold shares of Coal India Limited |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | To be declared | To be declared | To be declared |
| Retail (Max) | To be declared | To be declared | To be declared |
| S-HNI | To be declared | To be declared | To be declared |
| B-HNI | To be declared | To be declared | To be declared |
Company Details
Central Mine Planning & Design Institute Limited (CMPDI), incorporated in 1974, is a mining consultancy and technical services company engaged in coal and mineral exploration, mine planning and design.
CMPDI provides services including geological exploration, mine design, environmental planning, remote sensing, infrastructure engineering and project consultancy. It is a key consulting arm of Coal India Limited and plays a critical role in India’s coal sector development.
As of March 31, 2025, CMPDI operated one of the largest fleets of exploratory drilling equipment in India. The company has planned open-cast mines with production capacity up to 85 million tonnes and mining depth up to 420 meters.
As of December 31, 2025, the company operated seven regional institutes across major coal-producing states and eight laboratories for coal testing and analysis.
CMPDI is also active in mineral exploration projects under the National Mineral Exploration and Development Trust, with multiple approved and completed projects across minerals such as bauxite, copper and zinc.
Competitive Strengths
• Strong institutional linkage with Coal India Limited
• High-margin asset-light consultancy business model
• Extensive technical infrastructure and drilling capabilities
• Pan-India presence across mining regions
• Entry barriers due to expertise and execution track record
• Consistent profitability and strong financial performance
Financials
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,911.12 | 2,682.80 | 2,171.37 | 1,919.53 |
| Total Income | 1,543.93 | 2,177.53 | 1,770.18 | 1,398.78 |
| EBITDA | 593.85 | 915.71 | 764.44 | 395.65 |
| Profit After Tax | 425.36 | 666.91 | 503.23 | 296.66 |
| Net Worth | 2,153.78 | 2,041.85 | 1,591.61 | 1,217.65 |
| Issue Objects | Estimated Amount (Rs. Cr.) |
|---|---|
| Company will not receive proceeds (OFS) | — |
Amount in Rs. crore
CMPDI has demonstrated strong profitability with PAT increasing from Rs. 296.66 crore in FY23 to Rs. 666.91 crore in FY25. EBITDA margins remained high at above 38%, reflecting the strength of its consultancy-led business model.
Valuation
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 27.1% | 48.6% |
| RoNW | 20.3% | 36.7% |
| PAT Margin | 27.60% | 30.60% |
| EBITDA Margin | 38.50% | 42.10% |
| Particular | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | To be declared | To be declared |
| Promoter Holding | 100% | To be declared |
| Market Cap | To be declared | To be declared |
Chanakya View
Central Mine Planning & Design Institute is a leading mining consultancy company with strong linkages to Coal India Limited and the Ministry of Coal, giving it a strategic position in India’s mining ecosystem.
The company operates a high-margin consultancy business model with strong return ratios and consistent profitability. PAT increased from Rs. 296.66 crore in FY23 to Rs. 666.91 crore in FY25, while EBITDA margins remained above 38%, highlighting strong operational efficiency.
Its extensive infrastructure, regional presence and technical expertise create high entry barriers in a specialised segment. However, the IPO is entirely an offer for sale, meaning no fresh capital infusion into the business. Growth remains linked to coal sector investments and government-led mining activity.
Overall, the IPO provides exposure to a high-quality, government-linked mining consultancy business with strong financials. Final investment decision should depend on valuation comfort once the price band is announced.
Chanakya View: Neutral to Positive. Investors may track valuation and subscription momentum before taking a call.
Company Address
| Particular | Details |
|---|---|
| Address | Gondwana Place |
| Area | Kanke Road |
| City | Ranchi |
| State | Jharkhand |
| Pincode | 834008 |
| Phone | 0651-2230169 |
| complianceoff.cmpdi@coalindia.in |
IPO Lead Managers
| Lead Manager |
|---|
| IDBI Capital Markets Services Ltd. |
| SBI Capital Markets Ltd. |
IPO Registrar
| Registrar | Contact |
|---|---|
| Kfin Technologies Ltd. | 04067162222, 04079611000 |
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
Central Mine Planning IPO GMP today is not available yet as the grey market activity has not started.
Central Mine Planning IPO price band is yet to be announced.
Central Mine Planning IPO lot size will be announced along with the price band.
Central Mine Planning IPO is expected to list on BSE and NSE on 30 March 2026.