Mumbai | 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.

·         QIB Portion: Not more than 50% of the Net Offer.

·         Non-Institutional Portion: Not less than 15% of the Net Offer.

·         Retail Portion: Not less than 35% of the Net Offer.

·         Employee Reservation Portion: Up to 5,355,000 equity shares of face value of ₹2 each. The Company, in consultation with the BRLMs, is offering a discount of ₹8 on the Offer Price to eligible employees bidding in the Employee Reservation Portion (“Employee Discount”).

·         Shareholders Reservation Portion: Up to 10,710,000 equity shares of face value of ₹2 each. The offer less the Employee Reservation Portion and the Shareholders Reservation Portion, is referred to as the “Net Offer.”

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.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively. 

Central Mine Planning & Design Institute Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated March 12, 2026, with the Registrar of Companies, Jharkhand at Ranchi. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., https://idbicapital.com/index.asp, and https://www.sbicaps.com/ the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://www.cmpdi.co.in/en. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 38 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A of the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act, and (ii) outside the United States in "offshore transactions" as defined and in reliance on Regulation S and the applicable laws of each jurisdiction where such offers and sales are made. There will be no public offering of the Equity Shares in the United States.

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”):  SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 451 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 454 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE:: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Issue Document.