News

Another Coal India subsidiary heads to Dalal Street; Check price band and other detailsCentral Mine Planning and Design Institute Ltd (CMPDI), a consultancy arm of Coal India, will have a post-listing market capitalisation of ₹12,280.8 crore at the upper end of the price band.By Meghna Sen  March 16, 2026, 6:49:54 AM IST (Published)3 Min Read(Photo Credit : Local women carry coal taken from open cast coal field at Dhanbad district in the eastern Indian state of Jharkhand on September 19, 2012. REUTERS/Ahmad Masood )Central Mine Planning and Design Institute Ltd (CMPDI), a consultancy arm of Coal India, has announced that its ₹1,842 crore initial public offering (IPO) will open for subscription on March 20, and close on March 24.

Price band for the issue has been fixed between ₹163 to ₹172 per share. CMPDI shares will have a face value of ₹2 each.

Retail investors can apply for one lot of 80 shares in the CMPDI IPO, which will entail a minimum investment of ₹13,760. Applications can then be made in multiples of 80 shares thereafter.

As much as 35% of the total IPO size has been reserved for retail investors. Similar to many other recent listings, 50% of the issue has been reserved for Qualified Institutional Bidders (QIBs). The remaining 15% is reserved for non-institutional investors (HNIs).

For Small HNIs, the minimum bid lot size will be 1,200 shares and will entail a minimum investment of ₹2,06,400, while for big HNIs, the minimum lot size is 5,840 shares and will entail a minimum investment of ₹10 lakh.

The IPO will comprise entirely an Offer for Sale (OFS) component of 10.71 crore equity shares, with the government and Coal India diluting part of their stake in the company.

At the higher end of the price band, CMPDI will have a post-listing market capitalisation of ₹12,280.8 crore.

As the issue is entirely an OFS, CMPDI will not receive any proceeds from the offer, and the funds raised will go to the selling shareholders.

Incorporated in 1974, CMPDI provides consultancy and technical services across the entire value chain of coal and mineral exploration, mine planning and mine design. The company supports mining projects through services such as geological exploration, environmental planning, remote sensing, surveying and infrastructure engineering.

The company is one of the largest coal and mineral consultancy firms in India, commanding a 61% market share in FY25, and serves as the preferred consulting partner to Coal India, the world’s largest coal producer.

It operates through multiple business verticals, including geological exploration and resource evaluation, mine planning and design, environmental monitoring, and geomatics and remote sensing services.

On the earnings front, the company has posted consistent growth in recent years. It reported revenue of Rs 2,177 crore in FY25, up from Rs 1,770 crore in FY24. Profit after tax rose to Rs 667 crore in FY25, compared with Rs 503 crore a year earlier.

For the nine months ended December 2025, CMPDI reported revenue of Rs 1,544 crore and profit after tax of Rs 425 crore.

The government currently holds CMPDI through the President of India acting via the Ministry of Coal and Coal India, which together own 100% of the company prior to the IPO.

IDBI Capital Markets has been appointed as the book-running lead manager, while Kfin Technologies will act as the registrar to the issue.

The company plans to list its shares on both the BSE and the NSE, with a tentative listing date of March 30.Continue ReadingTagsCoal India LtdCoal India share priceCoal India sharesIPO