Central Mine Planning IPO Kicks Off: Key Details and Analysis

Central Mine Planning and Design Institute IPO Details

Issue Details

• Issue Period: March 20 - March 24
• Price Band: ₹163 - ₹172 per share
• Estimated Valuation: ₹12,280 crore (upper end)
• Anchor Investors: Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India, and Edelweiss Life Insurance Company
• Allocation: 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional buyers

Financial Performance

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• Operational Revenue: ₹2,103 crore (FY25)
• Net Profit: ₹667 crore (FY25)
• Estimated Listing Price: ₹176 per share (based on grey market premium and upper end of IPO price band)

Market Analysis

• Grey Market Premium (GMP): ₹4 (downward trend)
• P/E Ratio: 21.65x (based on annualized PAT of FY26 EPS of ₹7.94)
• Rating: Neutral (Arihant Capital Markets), Subscribe (Swastika Investmart)

IPO Details

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• Offer for Sale (OFS): 10.71 crore shares, totaling ₹1,842.12 crore at the highest price point
• Book-Running Managers: IDBI Capital Markets and Securities, SBI Capital Markets