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₹172 - 172
Central Mine Planning & Design Institute Ltd
MiscellaneousIPO
₹172 - 172
The Company 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 such as lignite, bauxite and manganese. 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. Its services span the entire lifecycle of mining operations, ranging from initial exploration to closure of mines. The Company primarily receives client assignments on a nomination basis and in certain cases, clients issue single tenders exclusively to it, which is also executed on a nomination basis. Each project is unique and tailored to site-specific requirements, with timelines mutually agreed upon with the client, typically ranging from 10 business days to up to 3 years.
Lot80Min Invest₹13,760Face Value₹2Issue Size₹1,841 CrOffer for Sale₹1,841 CrListing Price₹160CMP₹184
Timeline
20 Mar
Bidding opens
24 Mar
Bidding closes
25 Mar
Allotment
27 Mar
Refund & demat credit
30 Mar
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹1,841 Cr10.71 Cr shares
Offer for Sale₹1,841 Cr
Face Value₹2
Lot Size80 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹13,7601-14 lots
sNII₹2,06,400from 15 lots
bNII₹10,04,480from 73 lots
Managers & Registrar
Lead ManagerIDBI Capital Markets & Securities Limited
Co-ManagerSBI Capital Markets Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrCoal India LimitedPRMTR10,71,00,0001,842.12Total10,71,00,0001,842.12
Shareholding
CategoryPre IPOPost IPOPromoter Group100%85%Public0%15%
Objects of the Issue
- listing of the Equity Shares on the stock exchanges
Anchor Book
Bid Date18-Mar-2026Shares2,73,10,500Amount₹470 Cr30-day lock-in23-Apr-202690-day lock-in22-Jun-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 1,386 | 1,733 | 2,103 | 2,317 | 2,430 |
| Operating ProfitCr | 383 | 727 | 841 | 778 | 847 |
| OPM% | 27.6 | 42.0 | 40.0 | 33.6 | 34.9 |
| PBTCr | 367 | 733 | 882 | 824 | 905 |
| PATCr | 297 | 503 | 667 | 613 | 672 |
| EPS | 2,077 | 7 | 9 | 9 | 9 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 143 | 143 | 143 | 143 | 143 |
| ReservesCr | 1,095 | 1,449 | 1,899 | 2,140 | 2,301 |
| BorrowingsCr | 2 | 1 | 1 | 1 | 0 |
| Fixed AssetsCr | - | - | 247 | 243 | - |
| Total AssetsCr | 1,920 | 2,171 | 2,683 | 3,259 | 3,316 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 399 | 246 | 671 | 716 | - |
| Investing Cash FlowCr | -86 | -230 | -457 | -161 | - |
| Financing Cash FlowCr | -94 | -119 | -201 | -375 | - |
| Net Cash FlowCr | 219 | -103 | 13 | 180 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Multidisciplinary organization offering a comprehensive range of services.
- Key consulting partner to Coal India Limited and Ministry of Coal with a diverse client base.
- Extensive expertise in executing exploration projects.
- Advanced infrastructure supporting a spectrum of services.
- Operations driven by strong parentage of Coal India Limited.
- Experienced management team supported by committed employee base.
Strategies · as stated in the DRHP
- Strategic diversification in other minerals by leveraging our experience in the coal sector.
- Continue to upgrade its infrastructure to maintain operational excellence.
- Focus on development of clean energy initiatives within both the coal and mineral sectors.
- Diversify its client base and expand its international operations by leveraging experience in exploration and planning.
Risks · as stated in the DRHP
- The company's business largely depends upon its top 10 clients which contributed to 95.0%, 95.5% and 95.8% of the company's revenue from operations in Fiscals 2025, 2024 and 2023, respectively. The loss of any of these clients could have an adverse effect on the company's business, financial condition, results of operations and cash flows.
- A significant portion of the company's revenues is derived from Coal India Limited and its subsidiaries. Coal India Limited and its subsidiaries accounted for 67.1%, 80.2%, and 82.7%of its revenue from operations in Fiscals 2025, 2024 and 2023, respectively. Any decline in demand for the company's services from Coal India Limited and/or its subsidiaries could have an adverse impact on the company's business, results of operations, financial condition and cash flows.
- The company depends on a limited number of vendors in the company's exploration activities to provide services such as core drilling, geophysical logging, borehole testing, and other field-based technical services and for its security services, and any disruptions in their supply of services could adversely affect the company's business, results of operations, financial condition and cash flows.
- A significant part of the company's business transactions are with government entities or agencies. In the Fiscals 2025, 2024 and 2023, we generated 97.8%, 97.8% and 99.3%, respectively, of the company's total revenue from operations from transactions with government entities or agencies, which may expose the company to various risks, including additional regulatory scrutiny and delayed collection of receivables.
- A significant portion of the company's revenues is derived from its geological exploration and resource evaluation services, which accounted for 46.2%, 38.6% and 39.3% of the company's revenue from operations in Fiscals 2025, 2024 and 2023, respectively. Any decline in demand for its geological exploration and resource evaluation services could have an adverse impact on the company's business, results of operations, financial condition and cash flows.
- Estimates relating to ongoing and new projects and plans in relation to existing operations are uncertain, and the projects may incur higher costs and lower economic returns than estimated, which may have an adverse impact on the company's business, results of operations, financial condition and cash flows.