Central Mine Planning & Design Institute IPO Subscription Status and Updates

The Central Mine Planning & Design Institute (CMPDI) IPO concluded its bidding process on Tuesday, March 24, 2026, receiving a total subscription of 1.05 times. While the issue crossed the fully subscribed mark, demand was heavily skewed toward institutional interest, with the retail and HNI segments remaining undersubscribed.

The company, a subsidiary of Coal India Limited, set its price band at Rs. 163 to Rs. 172 per share. As a 100% Offer for Sale (OFS), the proceeds will go directly to the selling shareholders, and no fresh capital will be raised for the company. The basis of allotment is expected to be finalized on Wednesday, March 25, 2026, with a tentative listing on the BSE and NSE scheduled for March 30, 2026.

Central Mine Planning & Design Institute IPO Subscription Status - Final Day

By the end of the final bidding day, the QIB segment emerged as the primary driver of the issue. Retail and NII investors maintained a conservative stance throughout the three-day window.

Last updated: Tuesday, 24 Mar 2026, 6:54 PM

Company Overview of Central Mine Planning & Design Institute (CMPDI)

Incorporated in 1974, Central Mine Planning & Design Institute Limited (CMPDI) is a premier consultancy firm in India specializing in coal and mineral exploration, mine planning, and design. A "Miniratna" subsidiary of Coal India Limited, CMPDI commands a significant 61.0% market share in its field as of Fiscal 2025.

The company provides a wide array of services including geological exploration, environmental planning, geomatics, and remote sensing. With seven regional institutes across India’s major coal-producing states and a network of eight advanced laboratories, CMPDI handles large-scale projects, including open-cast mines with production capacities up to 85 million tonnes.

Strengths and Risks of Central Mine Planning IPO

Key Strengths

• Dominant Market Position: As a subsidiary of Coal India Limited and the preferred consultant for the Ministry of Coal, CMPDI enjoys a near-monopoly in coal consultancy.

• Comprehensive Service Model: The company offers end-to-end solutions from initial mineral exploration to full-scale mine design and environmental monitoring.

• Strong Infrastructure: Operates one of India's largest fleets of exploratory drilling equipment and high-tech testing laboratories.

• Financial Performance: Consistent track record of growth with a PAT of Rs. 425.36 crore for the nine months ended Dec 31, 2025, and a strong ROCE of 48.6% in FY25.

Potential Risks

• 100% Offer for Sale (OFS): The company will not receive any proceeds from the IPO; all funds go to the selling shareholders (Govt of India/Coal India).

• Concentration Risk: A significant portion of revenue is dependent on the coal sector and orders from its parent company, Coal India Limited.

• Regulatory Changes: The global shift toward renewable energy and stricter environmental regulations on coal mining could impact long-term demand for coal consultancy services.

• Dependence on Government Policy: As a PSU-backed entity, any changes in government mining policies or divestment targets can affect its operational flexibility.

Important Dates for Central Mine Planning & Design Institute (CMPDI) IPO

How to Apply for Central Mine Planning & Design Institute (CMPDI) IPO

• Visit the Rupeezy app or here.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter your UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.