CMPDI IPO 2026: Price Band ₹163–₹172 | Coal India Shareholder Quota | Should You Apply?

Central Mine Planning & Design Institute (CMPDI) IPO opens 20 Mar 2026. Check price band, lot size, GMP, Coal India shareholder quota, financials & expert review before applying.

CMPDI IPO 2026: Price Band ₹163–₹172 | Coal India Shareholder Quota | Should You Apply?

The Central Mine Planning & Design Institute Limited (CMPDI) IPO is one of the major PSU IPOs of 2026, attracting strong interest from investors due to its Coal India backing, strong profitability, and shareholder quota advantage.

The ₹1,842.12 crore IPO will open for subscription on 20 March 2026 and close on 24 March 2026. The issue is entirely an Offer For Sale (OFS) by the promoters.

CMPDI is a leading mining consultancy company in India with strong expertise in coal exploration, mine planning, and environmental services.

In this IPO Ji analysis, we explain CMPDI IPO price band, lot size, GMP trends, financials, risks, and whether investors should apply.


CMPDI IPO 2026 – Quick Summary

CMPDI IPO | Central Mine Planning & Design Institute
UPCOMING IPO

Central Mine Planning & Design Institute

Book Built Issue | Opens 20 March 2026

IPO Details & Timeline
Particular Details
IPO Name Central Mine Planning & Design Institute IPO
IPO Size 1,842.12 Crore
Issue Type Book Building IPO
Face Value ₹2
Price Band ₹163 – ₹172
Lot Size 80 Shares
Listing NSE & BSE
IPO Open Date 20 March 2026
IPO Close Date 24 March 2026
Allotment Date 25 March 2026
Listing Date 30 March 2026
Registrar Kfin Technologies
Lead Managers IDBI Capital, SBI Capital
4 Days Open
₹172 Max
80 Share Lot

CMPDI IPO Important Dates

CMPDI IPO Timeline | Key Dates
CMPDI IPO Timeline

Key Dates

Complete schedule for Central Mine Planning IPO

4 Days Open
₹1,842 Cr
IPO Opens 20 March 2026
IPO Closes 24 March 2026
Allotment 25 March 2026
Refund Initiation 27 March 2026
Shares Credited 27 March 2026
Listing Date 30 March 2026
IPO Opens In
4 Days

CMPDI IPO Price Band & Lot Size

The price band for CMPDI IPO is ₹163 to ₹172 per share.

Investors can apply in lots of 80 shares.

Minimum Investment

CMPDI IPO | Perfect Mobile Alignment
CMPDI IPO Investment Guide

Lot Size Breakdown

Investor Categories (₹172 Upper Band)

Investor Category Shares Investment (₹)
Retail Minimum 80 ₹13,760
Retail Maximum 1,120 ₹1,92,640
sNII 1,200 ₹2,06,400
bNII 5,840 ₹10,04,480

Mobile View

Retail Minimum
80 Shares
₹13,760
Retail Maximum
1,120 Shares
₹1,92,640
sNII
1,200 Shares
₹2,06,400
bNII
5,840 Shares
₹10,04,480
₹13,760 Retail Min
80 Lot Size
14 Max Lots

CMPDI IPO Shareholder Quota (Coal India Investors)

A major highlight of this IPO is the 10% shareholder reservation.

Investors who hold at least 1 share of Coal India Limited before 11 March 2026 become eligible.

Key Details

CMPDI IPO | Shareholder Details
CMPDI Shareholder Quota

Key Details

1.07 Cr shares reserved (10% quota) for Coal India shareholders

Shareholder Allocation
Detail Value
Shareholder Quota 10% of Issue
Reserved Shares 1,07,10,000 Shares
Parent Company Coal India Limited
Minimum Holding 1+ Coal India Share
Shareholder Quota 10% of Issue
Reserved Shares 1,07,10,000 Shares
Parent Company Coal India Ltd
Minimum Holding 1+ Coal India Share
Buy 1 Coal India share before record date to qualify for 10% quota

Why This Matters

Shareholder quota significantly increases allotment probability because investors compete in a smaller pool.

This strategy has worked well in previous PSU IPOs and subsidiary listings.

PSU IPO Finalised with Shareholder Quota

The Central Mine Planning & Design Institute Limited (CMPDI) IPO, a subsidiary of Coal India Limited, includes a special shareholder reservation for investors holding shares of the parent company.

Shareholder Quota Details

CMPDI IPO | Shareholder Quota Details
CMPDI Shareholder Allocation

Quota Details

10% reservation for Coal India shareholders (1+ share required)

Shareholder Reservation
Particular Details
Shareholder Quota 1,07,10,000 Shares
Issue Allocation 10% of Total Issue Size
Parent Company Coal India Limited
Minimum Shares 1+ Coal India Share
Record Date 12 March 2026
Shareholder Quota 1,07,10,000 Shares
Issue Allocation 10% of Total Issue
Parent Company Coal India Ltd
Minimum Shares Required 1+ Coal India Share
Record Date 12 March 2026
Buy 1 Coal India share by 11 March 2026 to qualify for CMPDI IPO shareholder quota

Who is Eligible?

Investors who hold at least 1 share of Coal India Limited on or before 11 March 2026 will be eligible to apply in the shareholder quota category for the CMPDI IPO.

Why This Matters for Investors

Applying under the shareholder category can improve the chances of allotment, as applications compete within a separate reserved pool of shares.

For retail investors planning to apply for the CMPDI IPO, holding Coal India shares before the record date provides an additional advantage in the allotment process.


CMPDI IPO Subscription Reservation

CMPDI IPO | Category Allocation
CMPDI IPO Allocation

Category Breakdown

SEBI mandated minimum allocations for each investor category

Issue Structure
Category Allocation
QIB 50%
Retail 35%
NII 15%
Shareholder 10%
QIB
Qualified Institutional Buyers
50%
Retail
Individual Investors
35%
NII
Non-Institutional Investors
15%
Shareholder
Existing Shareholders
10%
Allocation Summary
QIB: 50%
Retail: 35%
NII: 15%
Shareholder: 10%

About CMPDI (Central Mine Planning & Design Institute)

Founded in 1974, CMPDI is a leading mining consultancy and exploration company in India.

The company provides services across the entire mining value chain.

Key Business Segments

  • Geological exploration
  • Mine planning and design
  • Environmental management
  • Remote sensing and geomatics
  • Mineral resource evaluation

CMPDI primarily serves Coal India Limited and other mining companies.


Industry Leadership

CMPDI holds around 61% market share in mining consultancy services in India (FY2025).

The company is also the preferred technical consultant for Coal India Limited.


Infrastructure & Operations

CMPDI has a strong operational presence.

Key Infrastructure

  • 7 regional institutes across coal-producing states
  • 8 coal testing laboratories
  • Large fleet of exploration drilling equipment

The company has planned open-cast mines producing up to 85 million tonnes annually.


CMPDI Financial Performance

The company has demonstrated strong revenue and profit growth over the years.

CMPDI IPO | Financial Performance
CMPDI Financial Growth

Revenue +55.8% PAT +125%

Exceptional growth trajectory (FY23-FY25)

Financial Performance
+55.8% Revenue Growth
+125% PAT Growth
Year Revenue Profit After Tax
FY23 ₹1,398 Cr ₹296 Cr
FY24 ₹1,770 Cr ₹503 Cr
FY25 ₹2,177 Cr ₹666 Cr
FY23
Revenue ₹1,398 Cr
Profit After Tax ₹296 Cr
FY24
Revenue ₹1,770 Cr
Profit After Tax ₹503 Cr
FY25
Revenue ₹2,177 Cr
Profit After Tax ₹666 Cr
Explosive Growth Track Record
+55.8% Revenue CAGR
+125% PAT Growth
31.7% FY25 PAT Margin

This consistent growth reflects strong demand for mining consultancy services in India.


Profitability Metrics

CMPDI IPO | Key Financial Ratios
CMPDI Key Ratios

World-Class Metrics

Industry-leading profitability ratios (Sep 2025)

Financial Efficiency Ratios
Top Quartile Performance
Metric Value
ROCE 27.1%
ROE 20.3%
PAT Margin 27.6%
EBITDA Margin 38.5%
ROCE
27.1%
ROE
20.3%
PAT Margin
27.6%
EBITDA Margin
38.5%
Industry Benchmark (PSU Peers)
38.5%
CMPDI EBITDA
23.8%
RITES Max
16.6%
EIL Max

These margins are extremely strong compared to many PSU companies.


CMPDI IPO Valuation

CMPDI IPO | Valuation Metrics
CMPDI Valuation Snapshot

Attractive Valuation

EPS ₹7.94 | P/E 21.65x | Market Cap ₹12,280 Cr

Key Valuation Metrics
P/E 21.65x vs Peers 30x+
Metric Value
EPS ₹7.94
P/E Ratio 21.65x
Market Cap ₹12,280 Cr
EPS
₹7.94
P/E Ratio
21.65x
Market Cap
₹12,280 Cr
Investment Case
28% Valuation Discount vs Peers

Strong EPS growth + Reasonable P/E + Debt-free balance sheet

The valuation appears reasonable for a profitable PSU consultancy firm.


CMPDI IPO Strengths

Strong Parentage

CMPDI is backed by Coal India Limited, the largest coal producer globally.

Market Leadership

The company has 61% market share in mining consultancy.

High Profitability

EBITDA margins above 38% reflect strong operational efficiency.

Growing Mining Demand

India’s energy demand and coal production expansion support long-term growth.


CMPDI IPO Risks

Revenue Dependency

A significant portion of revenue comes from Coal India projects.

OFS Issue

The IPO is entirely an Offer For Sale, meaning the company will not receive funds from the issue.

Regulatory Risks

Mining operations are subject to environmental and regulatory approvals.


Should You Apply for CMPDI IPO?

CMPDI IPO may suit investors who prefer:

PSU companiesstrong profitabilitystable consulting businesses

Long-term investors may find the company attractive due to Coal India backing and strong financial metrics.

However, investors should also consider OFS structure and sector risks.


How to Apply for CMPDI IPO

Investors can apply through:

  • Net banking (ASBA)
  • Broker apps
  • IPO Ji platform

Track CMPDI IPO on IPO Ji

Stay updated with GMP, subscription data, and allotment status.

IPO Ji Website

https://www.ipoji.com/ipo/central-mine-planning-design-institute-ipo

IPO Ji Android App

https://play.google.com/store/apps/details?id=com.ipoji.app

IPO Ji iOS App

https://apps.apple.com/in/app/ipo-ji-ipo-info-news-apply/id1545718736


CMPDI IPO FAQs

What is CMPDI IPO price band?

The price band is ₹163 to ₹172 per share.


What is CMPDI IPO lot size?

The minimum lot size is 80 shares.


What is CMPDI IPO minimum investment?

Retail investors need ₹13,760 to apply.


What is CMPDI IPO listing date?

CMPDI IPO is expected to list on 30 March 2026.


What is CMPDI IPO shareholder quota?

The CMPDI IPO offers a 10% shareholder reservation for investors who hold shares of its parent company, Coal India Limited. To be eligible for this quota, investors must own at least one share of Coal India on or before 11 March 2026, as the record date for the shareholder quota is 12 March 2026. This means that investors holding Coal India shares before the record date can apply under the shareholder category, which may improve their chances of IPO allotment.


Hindi Quick Summary

CMPDI IPO 20 मार्च 2026 को खुलेगा और 24 मार्च 2026 को बंद होगा।

Price Band: ₹163 – ₹172Lot Size: 80 SharesMinimum Investment: ₹13,760

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