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Central Mine Planning and Design Institute Limited (CMPDI) is a major functional company that acts as a consultancy arm of Coal India. They plan to open their IPO for subscription on March 20, 2026.
The public issue is set to close on March 24, 2026. What makes the CMPDI IPO different is that it is a pure Offer For Sale (OFS) by Coal India. This implies that the company will not receive any fresh capital from the issue.
About the Company
CMPDI is not a fresh name in India’s mining ecosystem. It is a government-owned mining consultancy and engineering services company headquartered in Ranchi. CMPDI operates as a whole subsidiary of Coal India under the Ministry of Coal.
The company provides services that include design, mine planning, design, exploration, environmental management, and technical consultancy. Because of its extensive services, it holds high relevance in coal-sector project development in India.
In the market, the key question would be whether CMPDI has a strong business profile or not, and whether an OFS only IPO from a profitable PSU-linked consultancy business offers attractive value or not.
And because the proceeds from the issue will go to Coal India and not to CMPDI, the issue concentrates less on balance sheet strengthening.
IPO Details:
The IPO of CMPDI is a book-built issue that is a purely Offer for Sale (OFS) IPO for a total of ₹10.71 crores. The face value of each share is ₹2 .
The opening date of the issue is scheduled Friday, March 20, 2026 and will close on Tuesday March 24, 2026. SEBI declared the information and recording of RHP right after filing on March 12, 2026 (Source: SEBI)
The shares will be listed on both NSE and BSE. IDBI Capital Markets & Securities and SBI Capital Markets are the book running lead managers. It will give this issue a standard mainboard structure, but the investment thesis will depend on valuation, parent-linkage comfort, and future business visibility.
Why does the OFS matter?
A pure OFS changes the perspective of how the investors should read the issue. In a fresh issue new money comes into the company. This money can be used for the cap-ex, growth plans or debt reduction. But in CMPDI’s case, the offer proceeds will be received by the promoter selling shareholder after deducting offer expenses and applicable taxes.
This does not make the IPO unattractive automatically. Investors should know that post-listing performance will depend on earnings quality and market valuation rather than instant growth from the newly raised capital.
Financial Metrics of CMPDI
CMPDI’s recent financial profile looks strong on both growth and profitability. Based on reported financial figures linked to the IPO material, this is how company recorded the growth:
Metrics | 31st December 2025 | 31st March 2025 |
Total Income | 1543.93 | 2177.53 |
PAT | 425.36 | 666.91 |
Net Worth | 2153.78 | 2041.85 |
Total Assets | 2911.12 | 2682.80 |
(The amount is in ₹ crore.)
Company’s Strengths for the IPO
Some of the points that adds to the company’s strength include:
The biggest strength of CMPDI is its strategic role in India’s Coal and Mineral Ecosystem.The company has domain expertise in mine planning, geological exploration, environmental services, and technical consultancy.
The second is profitability. CMPDI’s profit rose to ₹666.91 crore in FY2025. And the market coverage around the RHP highlighted strong margins for the business.
This may look like a financially strong PSU-backed business with visible sector relevance in the recent months.
Though things look positive, the only risk with the company is that its business is concentrated in Coal India and its subsidiaries. This creates dependence on government policy and continued project demand from linked entities.
And, because no fresh money is coming into the company, the IPO may look less attractive to the investors because they do not get fresh growth-angle to support the IPO narrative.
Conclusion
CMPDI IPO is a strong but structure-sensitive public issue. The company appears financially healthy and profitable. For investors, they can take a decision after judging valuation, dependency risks, and earning sustainability rather than on expansion funded by IPO proceeds.
This is what we have for CMPDI. For any other update on unlisted shares, visit Stockify.
FAQs
What is the size of the CMPDI IPO ?
The issue will be OFS-only IPO with 10.71 crore equity shares.
When will the Central Mine Planning IPO Open?
The Central Mine Planning IPO opens on Friday March 20, 2026 and closes on Tuesday, March 24, 2026.
What is the lot size of the Central Mine Planning IPO?
Central Mine Planning IPO lot size and the minimum order quantity is not available.
