Central Mine Planning & Design Institute’s Initial Public Offering to open on March 20, 2026,
FinTech BizNews Service
Mumbai, March 16, 2026: Central Mine Planning & Design Institute Limited has fixed the price band of Rs 163/- to Rs 172/- per Equity Share of face value Rs 2/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Friday, March 20, 2026, for subscription and close on Tuesday, March 24, 2026. The Anchor Investor Bid/Offer Period is one Working Day prior to the Bid/Offer Opening Date i.e. Wednesday, March 18, 2026.
Investors can bid for a minimum of 80 Equity Shares and in multiples of 80 Equity Shares thereafter.
Equity shares outstanding as on date 714,000,000 Equity Shares of Rs 2 each.
The IPO is an offer for sale for up to 107,100,000 equity shares by promoter Coal India Limited.
The offer is being made through the book building process in accordance with regulation 6(1) of the SEBI ICDR regulations 2018. the equity shares of the company will get listed on the main boards of BSE limited and national stock exchange of India limited.
NSE shall be the designated stock exchange.
The company was incorporated on November 1, 1975 as a wholly owned subsidiary of Coal India Limited, and it offers consultancy and support services for the entire spectrum of coal and mineral exploration and mine planning and design services. Its services also include infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, primarily for the coal industry as well as for other minerals.
The company is one of the largest coal and mineral consultancy companies in India in terms 61.0% of market share in Fiscal 2025 and is the preferred consultant for Coal India Limited. (Source: CRISIL Report). Its services span the entire lifecycle of mining operations, ranging from initial exploration to closure of mines.
The company was conferred the status of Mini Ratna (Category II) company in 2009 and was further upgraded to the status of Mini Ratna (Category I) company in 2019. With almost five decades of experience and having published over 320 project reports in the last decade, the company has continuously adapted to the changing landscape of the industry, integrating advanced technologies and practices that enhance operational efficiency and safety.
The company has evolved as a pioneer in introducing new and suitable technology in the exploration and mining sectors. (Source: CRISIL Report).
It assists the ministry of coal in strategic decisions and initiatives relating to coal-sector at the national level, for instance, through maintaining inventories of coal deposits, coal mining potentials and operations. The company also assists ministry of petroleum and natural gas (MoP&NG) for matters related to coalbed methane (CBM). It functions as the nodal agency on behalf of government of India (GoI) for schemes funded by the ministry of coal including science and technology projects, exploration work in non-Coal India Limited blocks and for projects funded by Coal India Limited Research and Development (R&D) Board.
The company acts as the implementing agency for coal based non-conventional energy resources, including CBM. It serves as the liaison between ministry of coal, Coal India Limited, and coal producing companies on technical and operational matters. The company also acts as the in-house consultant and advisor for other coal-producing companies within the Coal India Limited group.
The company has business verticals viz Geological Exploration and Resource Evaluation, mine planning and design, Environmental Planning and Monitoring Services and Geomatics, Remote Sensing and Survey Services.
The company is also equipped with advanced infrastructure to support their diverse range of activities, including one of the largest fleets of exploratory drills for coal and minerals in India, as of March 31, 2025. (Source: CRISIL Report)
As of December 31, 2025, the company operates seven regional institutes in key coal-producing states such as Jharkhand, Maharashtra, Madhya Pradesh, Chhattisgarh, Odisha, and West Bengal, facilitating on-ground project management and collaboration with local mining operations. The company’s facilities and capabilities are designed to ensure that the company can deliver high-quality services and solutions across all its verticals. The company operated a network of eight well-equipped laboratories located across various coalfields, which are also staffed by a dedicated team with technical experience in coal testing. Its laboratories are dedicated to monitoring air, soil, water, and noise parameters, ensuring that our operations meet the highest environmental standards.
The company is recognized as an in-house R&D unit by the Department of Scientific and Industrial Research. As the nodal agency for coordinating R&D programs in the coal sector, it assists the Technical Sub-committee of the Standing Scientific Research Committee of the Ministry of Coal, the R&D Board of Coal India Limited and the Apex Committee of the R&D Board of Coal India Limited. Its R&D activities cover a wide range of areas, including methodologies for improvement of the production and productivity of both underground and open-cast mining.
The company has planned open-cast mines with an annual production capacity of up to 85 million tonnes and depths of up to 420 meters. For underground mines, they have planned for capacities up to 7.5 million tonnes per annum.
The company’s revenue from operations was Rs 1,489.6 crore for the nine-months period ended December 31, 2025 and its net profit was Rs 425.3 crore.
Its revenue from operations was Rs 2,102.7 crore during FY25 as against Rs 1,386 crore during FY23.
Its net profit was Rs 666.9 crore during FY25 as against Rs 296.6 crore during FY23.
IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the offer.
