Central Mine Planning & Design Institute IPO: Expecting Double-Digit Listing Gains Based on Red Herring Prospectus

Central Mine Planning & Design Institute IPO

Key Details:

• Issue Period: March 20, 2026 - March 24, 2026
• Anchor Investor Bidding Date: March 18, 2026
• Listing Date: March 30, 2026
• Issue Price: ₹172
• Face Value: ₹2 per share
• Offer for Sale (OFS) Size: 10.71 crore shares
• Total Offer Value: ₹1,842.12 crore
• Book-Running Lead Managers: IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited
• Registrar: KFin Technologies Limited

Financial Performance:

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• Revenue from Operations: ₹13,860.9 million (FY23), ₹17,326.9 million (FY24), ₹21,027.6 million (FY25)
• Profit: ₹2,966.6 million (FY23), ₹5,032.3 million (FY24), ₹6,669.1 million (FY25)

Business Overview:

• Company Profile: Central Mine Planning & Design Institute offers consultancy and support services for coal and mineral exploration, and mine planning and design services.
• Market Share: 61% in FY25
• Preferred Consultant: Coal India Limited

Risk Factors:

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• Concentration of Clients: The company's business largely depends on its top 10 clients, which have been contributing to more than 90% of its revenue from operations since FY23.

Market Outlook:

• Mining Consulting Services: The Indian mining consultancy sector is projected to witness significant growth, with revenues expected to reach ₹43,274 million by FY30.