Central Mine Planning & Design Institute Limited Secures ₹470 Crore from Anchor Investors

Central Mine Planning & Design Institute Limited Raises ₹469.7 Crore from Anchor Investors Ahead of IPO

₹469.7 crore has been garnered by Central Mine Planning & Design Institute Limited, an arm of state-owned Coal India, from anchor investors prior to its initial public offering (IPO).

The company has allocated 2,73,10,500 equity shares at ₹172 per share to anchor investors, consisting of marquee institutions such as Life Insurance Corporation of India, BNP Paribas Financial Markets - ODI, Citigroup Global Markets Mauritius Private Ltd, and General Insurance Corporation of India. Life Insurance Corporation of India has been allocated the highest amount at ₹105 crore.

Initial Public Offering (IPO) Details

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The IPO of Central Mine Planning & Design Institute will open for public subscription on Friday, March 20, and will conclude on Tuesday, March 24. The issue is an entirely offer for sale (OFS) of 10.71 crore shares with a face value of ₹2 each, priced between ₹163 to ₹172 per share, resulting in an overall size of ₹1,842.12 crore. Coal India is the sole promoter and selling shareholder in the OFS, with IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited as the book-running lead managers, and KFin Technologies Limited as the registrar.

Company Overview

Central Mine Planning & Design Institute offers consultancy and support services for coal and mineral exploration, mine planning and design, infrastructure engineering, environmental management, geomatics, and management systems primarily for the coal industry. According to a CRISIL report, the company claims to be the largest coal and mineral consultancy firm in India, with a 61% market share in FY25, and is the preferred consultant for Coal India Limited. The company's revenue from operations has shown sustained growth over the past few years, with revenue standing at ₹13,860.9 million in FY23, ₹17,326.9 million in FY24, and ₹21,027.6 million in FY25. For the nine-month period ended December 31, 2025, the company reported revenue of ₹14,896.5 million.