Central Mine Planning & Design Institute IPO

About the company

Incorporated in 1975, Central Mine Planning & Design Institute (CMPDI) is a wholly owned subsidiary of Coal India Limited. The company was conferred Mini Ratna Category II status in 2009, which was later upgraded to Mini Ratna Category I in 2019. It offers consultancy services related to coal and mineral projects through its entire lifecycle, including exploration, mine planning and designing, infrastructure engineering, environment management, and advanced surveying services. The company currently has a market share of around 61% in the Indian mining consultancy industry, making it a major player in this sector. While its major clients are Coal India Limited and its subsidiaries. The company also offers consultancy services to government agencies such as the Ministry of Coal and the Ministry of Petroleum and Natural Gas in matters related to coal and other minerals. The company has four major segments for its operations. The first is Geological Exploration and Resource Evaluation, which generated 45.8% of revenue for 9MFY26. This includes drilling services, geological mapping, geophysical surveys, seismic surveys, hydrogeological surveys, etc. Mine Planning and Design Services is the second segment, which accounts for 19.7% of revenue in the ongoing fiscal year and includes mine design services for open-pit mines and underground mines, feasibility studies, equipment selection services, coal washery consultancy services, etc. The third segment is environmental planning and monitoring services, generating 17.8% of revenue. This includes environmental impact assessments, environmental management planning, carbon footprint analysis, and mine closure planning. The final segment is geomatics and survey services, contributing 16.7% of revenue. This includes remote sensing services, GIS mapping services, LiDAR surveys, UAV-based mapping services, volume measurements of mining areas, etc. Coal India and its subsidiaries are the largest clients for CMPDI, accounting for about 66% of its revenue for 9MFY26. Yet, the company has been able to expand its business with external clients gradually. The revenue earned from external clients, excluding Coal India, increased substantially from ₹239.99 crore (17.3% of total revenue earned in FY23) to ₹692.08 crore (32.9% of total revenue earned in FY25). At the same time, the number of clients increased from 38 as on March 31, 2023, to 76 as on December 31, 2025. The company has several repeat clients as well, with 8 of its major clients continuing their association for 4 consecutive periods. The company carries out its activities through a network of seven regional institutes, which are located in major coal-producing states like West Bengal, Jharkhand, Maharashtra, Chhattisgarh, Madhya Pradesh, and Odisha, among others. It has one of the largest fleets of exploration drilling equipment for coal and minerals in India. It also has 8 well-equipped laboratories for testing air, water, soil, noise, coal core samples, and run-of-mine coal, among others. In terms of technology, CMPDI uses state-of-the-art equipment like 2D/3D seismic surveys, GPR, LiDAR, UAV surveys, and mining software like Minex, Vulcan, ArcGIS, and MODFLOW, among others. In 9MFY26, the company undertook extensive exploratory drilling across 131 coal blocks in 31 coalfields and five lignite blocks under four lignite fields situated in three states. Coal exploration included 46 non-coal India Limited blocks, five consultancy blocks, 49 Coal India Limited blocks, 30 promotional blocks, and 1 NMEDT-funded block. The Indian mining consultancy market has been estimated to be around ₹3,425.20 crore in FY25 and expected to increase to ₹4,327.40 crore in FY30, with a CAGR of nearly 4.8% over the period. Also, coal remains a significant component of India’s energy portfolio. The coal requirement for India has been estimated to be around 1,253 MT in FY25. This is expected to sustain for a longer period of time, i.e., till FY35. The mining sector as a whole contributes around 2% to India’s GDP. This is an important sector that provides raw materials to various sectors like power, steel, cement, etc. The exploration segment is expected to grow to ₹2,046.2 crore in FY30 followed by the planning & design segment that is expected to grow to ₹1,061.30 crore. This will help in the growth of the Central Mine Planning & Design Institute Limited. The company is planning a major capacity addition of approximately 787 MT by developing or expanding approximately 50 mines is Coal India Limited, which is the largest coal producer in the world. This will generate a huge requirement for consultancy services for exploration, geomatics, mine planning & design, etc. Central Mine Planning & Design Institute Limited is already the preferred consultant for Coal India Limited, which has a market share of ~61% in FY25. In addition, opportunities are expected to come from the Government of India’s push to commercialise coal blocks for both public and private players, a rise in the number of auctions for non-coal mineral blocks in India, and a possible entry into the market in Africa and Central Asia, where coal is a major source of energy. Now, the Central Mine Planning & Design Institute (CMPDI) is launching its initial public offering (IPO), which is a complete offer for sale of ₹1,842 crore, wherein selling shareholders will receive the net IPO proceeds. The company’s shares will be listed on the NSE and BSE. ### **How to pre-apply for the CMPDI IPO?** You can pre-apply for the CMPDI IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: - Login to your Upstox account, using your six-digit PIN - After successfully logging in, click on ‘Discover’ - On the Discover tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘CMPDI IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Pre-Apply’ - Accept the mandate on your UPI app ### **How to apply for the CMPDI IPO?** If you are interested in this investment opportunity but unsure how to apply for the CMPDI IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the CMPDI IPO on Upstox: - Log in to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘CMPDI IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Apply’ - Accept the mandate on your UPI app ### **How to check the CMPDI IPO allotment status? When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes. Here’s a step-by-step guide on how to check the CMPDI IPO allotment status: - Login to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ page, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, you will find the ‘View all’ option - Once you click on ‘View all’, you will be directed to the ‘IPO’ tab - In the ‘IPO’ tab, click on ‘My applications’ - In ‘My applications’, under the History section, your CMPDI IPO allotment status will be mentioned.

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   20 Mar 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   24 Mar 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   25 Mar 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   27 Mar 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   27 Mar 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Mar 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.