IPO Overview / Intro
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.
| 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 |
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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 |
|---|---|---|
| 0 | To be updated | 0 |
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 | To be updated |
| NII | To be updated |
| Retail (RII) | To be updated |
| Total | To be updated |
🕗 Last Update: 14 March 2026 at 6.30 AM
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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 | Rs. 10 lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs. 2 lakhs | Allowed only if bidding amount is up to Rs. 2 lakhs |
| Only employee | Up to Rs. 5 lakhs | Yes |
| Employee + Shareholder | Shareholder limit: Up to Rs. 2 lakhs; Employee limit: Up to Rs. 5 lakhs | Yes |
| Employee + Shareholder + RII/NII | Shareholder limit: Up to Rs. 2 lakhs; Employee limit: Up to Rs. 5 lakhs; If applying as RII: Up to Rs. 2 lakhs; If applying as NII: sNII above Rs. 2 lakhs and up to Rs. 10 lakhs and bNII above Rs. 10 lakhs | Yes for shareholder / employee / RII |
| Shareholder + RII/NII | Shareholder limit: Up to Rs. 2 lakhs; If applying as RII: Up to Rs. 2 lakhs; If applying as NII: sNII above Rs. 2 lakhs and up to Rs. 10 lakhs and bNII above Rs. 10 lakhs | Yes for shareholder / RII |
| Employee + RII/NII | Employee limit: Up to Rs. 5 lakhs; If applying as RII: Up to Rs. 2 lakhs; If applying as NII: sNII above Rs. 2 lakhs and up to Rs. 10 lakhs and bNII above Rs. 10 lakhs | Yes for employee / RII |
| Particular | Details |
|---|---|
| Shareholder Eligibility | To be eligible for the Shareholder Quota, investors 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, incorporated in 1974, offers consultancy and support services across the entire spectrum of coal and mineral exploration, mine planning and mine design. It is one of the largest coal and mineral consultancy companies in India and remains a preferred consultant for Coal India Limited.
The company’s service portfolio includes geological exploration and resource evaluation, mine planning and design services, environmental planning and monitoring, and geomatics, remote sensing and survey services. It also provides infrastructure engineering, specialised technology solutions and management system support to the coal industry and other mineral sectors.
CMPDI is backed by significant technical infrastructure that enables it to execute complex coal and mineral assignments across India. As of March 31, 2025, it operated one of the largest fleets of exploratory drilling equipment for coal and mineral exploration in the country. The company has also planned open-cast mines with annual production capacity of up to 85 million tonnes and mining depths reaching up to 420 meters.
As of December 31, 2025, the company operated seven regional institutes across major coal-producing states including Madhya Pradesh, Chhattisgarh, Odisha and West Bengal. These institutes support local project execution and help the company work closely with mining operations on the ground.
The company also operated eight laboratories across different coalfields as of December 31, 2025. These facilities are staffed by technical professionals specialising in coal testing and analysis, strengthening the company’s exploration and quality assessment capabilities.
CMPDI is also active in mineral exploration initiatives supported by the National Mineral Exploration and Development Trust. As of December 31, 2025, it had submitted eleven exploration proposals covering bauxite, copper and associated minerals, magnetite and associated minerals, and zinc and associated minerals. Out of these, six projects were approved and four approved projects had already been completed.
Competitive Strengths
Multidisciplinary organization offering a comprehensive range of services
Key consulting partner to Coal India Limited and Ministry of Coal with a diverse client base
Extensive expertise in executing exploration projects
Advanced infrastructure supporting a spectrum of services
Operations driven by strong parentage of Coal India Limited
Experienced management team supported by committed employee base
Consistent track record of growth and 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 |
| Reserves & Surplus | 2,010.98 | 1,899.05 | 1,448.81 | 1,074.85 |
| Issue Objects | Estimated Amount (Rs. Cr.) |
|---|---|
| The company will not receive any proceeds from the Offer | — |
Amount in Rs. crore
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 strategically important mining consultancy and technical services company with a deep presence across coal exploration, mine planning, environmental services and mineral advisory. Its leadership position in the domestic coal consultancy space, combined with long-standing linkages to Coal India and the Ministry of Coal, gives the business a strong institutional profile.
The company has delivered healthy profitability and margin performance, supported by asset-light consultancy economics and steady demand from mining-linked projects. Its technical infrastructure, regional footprint and laboratory network create meaningful entry barriers in a specialised segment where execution credibility matters.
That said, investors should note that the issue is entirely an offer for sale, meaning the company will not receive fresh capital from the IPO. Future business momentum will remain linked to mining sector capex, project pipeline visibility and public-sector spending priorities.
Overall, the IPO offers exposure to a high-quality government-linked mining consultancy franchise with strong market positioning and consistent profitability. 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 Manager(s)
| 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.