C
Central Mine Planning & Design Institute Limited IPO
🟢 Open Now NSE,BSE Mainboard IPO PSU / Mining Consultancy
Issue Price
₹165–172
Issue Size
₹1400 Cr
Lot Size
87 shares
Min. Investment
₹14,964
Open Date
19 Mar 2026
Close Date
24 Mar 2026
Listing Date
27 Mar 2026
Registrar
KFin Technologies
Live Subscription Status
(Updated every 30 min)Overall3.80x
QIB (Qualified Institutional Buyers)6.20x
NII (HNI — High Net Worth)3.10x
RII (Retail Individual Investors)2.40x
Data sourced from BSE + NSE live bidding portals. Subscription above 1x means oversubscribed.
GMP History — Central Mine Planning & Design Institute Limited
| Date | GMP (₹) | GMP (%) | Est. Listing | Trend |
|---|---|---|---|---|
| 22 Mar | +₹4 | 2.33% | ₹176 | — |
| 21 Mar | +₹4 | 2.33% | ₹176 | — |
| 20 Mar | +₹4 | 2.33% | ₹176 | |
| 19 Mar | +₹3 | 1.74% | ₹175 | |
| 18 Mar | +₹2 | 1.16% | ₹174 | — |
IPOGenie Review — Central Mine Planning & Design Institute Limited IPO
Central Mine Planning & Design Institute Limited (CMPDI) is a premier government-owned mining consultancy subsidiary of Coal India. CMPDI provides comprehensive technical services covering mine planning, geological exploration, environmental management, and infrastructure development for coal and non-coal mines. With over 50 years of operational expertise, CMPDI serves Coal India's subsidiaries, SCCL, and other PSU and private sector mining companies. The company operates 8 state-of-the-art testing and environmental laboratories.
CMPDI is a fundamentally sound PSU with monopoly characteristics and excellent financial metrics. The 40% operating margins are best-in-class among PSU consultancies. While the coal transition poses a long-term headwind, CMPDI's advisory role in mine closure and rehabilitation actually benefits from this shift. Reasonable valuation at 21.7x PE. Subscribe for medium-to-long-term holding.
Strengths
- Monopoly-like positioning as India's premier government mining consultancy
- Exceptional financial metrics — 40% operating margins, 38% ROE
- Stable government backing through Coal India parentage
- Growing demand for mine closure, ESG, and rehabilitation services
- Strong cash flows with consistent dividend payment history
Risks
- Long-term structural risk from India's energy transition away from coal
- Revenue heavily tied to Coal India's capex decisions
- OFS structure — no fresh capital inflow to the company
- Limited diversification outside coal sector
- Government ownership creates management flexibility constraints
Central Mine Planning & Design Institute Limited IPO — Full Details
| IPO Date | 19 March 2026 to 24 March 2026 |
| Issue Size | ₹1400 Crores |
| Fresh Issue | None |
| Offer for Sale | ₹1400 Crores |
| Price Band | ₹165 – ₹172 per share |
| Face Value | ₹10 per share |
| Lot Size | 87 shares |
| Minimum Investment (Retail) | ₹14,964 |
| Listing Exchange | NSE,BSE |
| IPO Type | Mainboard IPO |
| QIB Allocation | 50% of issue |
| NII/HNI Allocation | 15% of issue |
| Retail Allocation | 35% of issue |
| Registrar | KFin Technologies |
| Lead Managers | ICICI Securities, SBI Capital Markets |
| Allotment Date | 25 March 2026 |
| Refund Initiation | TBA |
| Credit to Demat | TBA |
| Listing Date | 27 March 2026 |
Central Mine Planning & Design Institute Limited — Financial Summary
Revenue (FY24)
₹1842 Cr
Net Profit (FY24)
₹312 Cr
EPS
₹7.94
ROE
38.2%
P/E (Post-Issue)
21.7x
Issue Size
₹1400 Cr
Issue Type
OFS Only
Sector
PSU / Mining Consultancy
IPO Documents
⚠️ Always read the RHP (Red Herring Prospectus) before investing. It contains all material disclosures.
Frequently Asked Questions — Central Mine Planning & Design Institute Limited IPO
What is an IPO?
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the general public for the first time on a stock exchange. This allows the company to raise capital from public investors, and gives the public an opportunity to own a piece of the company. After the IPO, the company's shares are traded on stock exchanges like NSE and BSE.
How can I apply for an IPO in India?
You can apply for an IPO through three methods: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking — this is the most common method where funds are blocked in your bank until allotment; (2) Through your stockbroker's trading platform like Zerodha Kite, Upstox, or Angel One using UPI; (3) Through your broker's UPI-based IPO application. You need a valid PAN card, Demat account, and bank account to apply. Applications above ₹5 lakh must use ASBA; below ₹5 lakh can use UPI.
What is ASBA in IPO?
ASBA (Application Supported by Blocked Amount) is a mandatory mechanism for IPO applications above ₹5 lakh. Under ASBA, your application money is blocked (not debited) in your bank account until allotment is finalized. If allotment is successful, the exact amount is debited; otherwise, the block is released. This means your funds earn interest while the IPO is being processed.
What is QIB, NII, and RII in IPO?
These are the three investor categories in an IPO: (1) QIB (Qualified Institutional Buyers) — includes mutual funds, banks, FPIs, and insurance companies; they are typically allocated 50% of the issue; (2) NII (Non-Institutional Investors), also called HNI — includes individuals, companies, and trusts applying for more than ₹2 lakh; typically 15% of the issue; (3) RII (Retail Individual Investors) — individuals applying for ₹2 lakh or less; typically 35% of the issue.
What is the difference between Mainboard and SME IPO?
Mainboard IPOs are for companies listing on the main segments of NSE and BSE and have a minimum post-issue paid-up capital of ₹10 crore. SME IPOs list on NSE Emerge (NSE SME) or BSE SME platform and are designed for smaller companies with paid-up capital between ₹1 crore and ₹25 crore. SME IPOs have higher lot sizes (often requiring ₹1-2 lakh investment), lower liquidity after listing, and are considered higher risk. Market makers are mandatory for SME IPOs to provide liquidity.
What is DRHP and RHP in IPO?
DRHP (Draft Red Herring Prospectus) is the first public document filed by a company with SEBI when it plans an IPO. It contains detailed information about the company's business, financials, management, risks, and proposed use of funds — but does not include the final issue price and dates. RHP (Red Herring Prospectus) is the final prospectus filed after SEBI approval, which includes the price band, lot size, and issue dates. Always read the RHP before investing.
What is a cut-off price in IPO?
The cut-off price is the final issue price determined after the book-building process. Retail investors and employees can bid at the cut-off price without specifying a number — this means they are willing to pay whatever price is finally determined within the price band. Bidding at cut-off is advisable for retail investors as it maximizes allotment chances.
Can I sell IPO shares on the listing day?
Yes — you can sell your IPO shares on listing day itself. Many retail investors choose to sell on listing day to book listing gains. However, if you believe in the company long-term, holding beyond listing is also a valid strategy. Note that if you sell within 1 year of allotment, gains are taxed as short-term capital gains (STCG) at 15%. Selling after 1 year attracts LTCG at 10% above ₹1 lakh.