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.
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
Central Mine Planning & Design Institute
Book Built Issue | Opens 20 March 2026
| 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 |
CMPDI IPO Important Dates
Key Dates
Complete schedule for Central Mine Planning IPO
| 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 |
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
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 |
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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
Key Details
1.07 Cr shares reserved (10% quota) for Coal India shareholders
| 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 |
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
Quota Details
10% reservation for Coal India shareholders (1+ share required)
| 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 |
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
Category Breakdown
SEBI mandated minimum allocations for each investor category
| Category | Allocation |
|---|---|
| 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.
Revenue +55.8% PAT +125%
Exceptional growth trajectory (FY23-FY25)
| Year | Revenue | Profit After Tax |
|---|---|---|
| FY23 | ₹1,398 Cr | ₹296 Cr |
| FY24 | ₹1,770 Cr | ₹503 Cr |
| FY25 | ₹2,177 Cr | ₹666 Cr |
This consistent growth reflects strong demand for mining consultancy services in India.
Profitability Metrics
World-Class Metrics
Industry-leading profitability ratios (Sep 2025)
| Metric | Value |
|---|---|
| ROCE | 27.1% |
| ROE | 20.3% |
| PAT Margin | 27.6% |
| EBITDA Margin | 38.5% |
These margins are extremely strong compared to many PSU companies.
CMPDI IPO Valuation
Attractive Valuation
EPS ₹7.94 | P/E 21.65x | Market Cap ₹12,280 Cr
| Metric | Value |
|---|---|
| EPS | ₹7.94 |
| P/E Ratio | 21.65x |
| Market Cap | ₹12,280 Cr |
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.
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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