Central Mine Planning & Design Institute (CMPDI) IPO To Open On March 20; Check Price Band, Lot Size, GMP, and More
One of the largest coal and mineral consultancy companies in India, the Central Mine Planning & Design Institute (CMPDI), is all set to launch its IPO on Friday, March 20, 2026. The company filed its Red Herring Prospectus (RHP) with SEBI on March 12, 2026.??
CMPDI has raised ?469.74 crore from 22 anchor investors on March 18, 2026, including Life Insurance Corporation of India, BNP Paribas Financial Markets - ODI, and Citigroup Global Markets Mauritius Private Ltd., among others.?
IPO Details
- Issue Structure: The IPO is a book-building issue of ?1,824.12 crore, comprising an entirely offer-for-sale of 10.71 crore shares.?
- Price Band: ?163 to ?172 per share
- Lot Size: 80?
- Minimum Investment: ?13,760 per lot for retail investors (at the cut-off price or upper price band)
- Allotment & Listing: The basis of allotment will be finalised by March 25, 2026, and the tentative listing on BSE and NSE is scheduled for March 30, 2026.?
- Book-running Lead Managers: IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited are the book-running lead managers for the IPO.?
- Registrar: KFin Technologies Limited
- Use of Proceeds: As the issue is entirely an offer for sale, the company will not receive any proceeds from the offer; all proceeds will be received by the promoter selling shareholder.?
Central Mine Planning & Design Institute IPO GMP
According to media reports, the Grey Market Premium (GMP) for the Central Mine Planning & Design Institute IPO is ?19 over the IPO price.?
About the Company?
Established on November 1, 1975, the Central Mine Planning & Design Institute is one of the largest coal and mineral consultancy companies in India, with a 61% market share in FY 2025.?
The company provides end-to-end consultancy and technical support across the full value chain of coal and mineral exploration, mine planning, and design. Its service portfolio extends beyond core mining activities to include infrastructure engineering, environmental solutions, geomatics, advanced technology integration, and management systems.?
CMPDI was accorded “Mini Ratna” status (Category II) in 2009 and later upgraded to Category I in 2019. The company plays a strategic role at the national level by supporting the Ministry of Coal in policy formulation and sector development initiatives, including maintaining comprehensive databases on coal resources and mining potential. It also collaborates with the Ministry of Petroleum and Natural Gas on matters related to coalbed methane (CBM).
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