Coal India Subsidiary CMPDI Fixes IPO Price Band at Rs 163-172 Per Share

Central Mine Planning & Design Institute IPO: Key Details

IPO Overview The subsidiary of Coal India, Central Mine Planning & Design Institute, has fixed a price band of Rs 163-172 per share for its upcoming IPO. The company is raising Rs 1,837.8 crore via an initial share sale, valuing it at Rs 12,280.8 crore at the upper price band.

Offer Details The IPO, which comprises an offer-for-sale of 10.71 crore shares by Coal India, will open for subscription on March 20 and close on March 24. The one-day IPO anchor book will be launched on March 18. 10.71 crore shares are reserved for Coal India's employees and shareholders.

IPO Allocation Half of the net offer size has been reserved for qualified institutional buyers (47.55%), 15% for non-institutional investors, and 35% for retail investors. The minimum application size by retail investors is Rs 13,760, and the maximum is Rs 1,92,640.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Financial Performance In the nine months period ended December 2025, Central Mine Planning & Design Institute recorded a profit of Rs 425.4 crore, growing 9% from Rs 390 crore in the corresponding period last year. Revenue increased 9.3% to Rs 1,489.7 crore from Rs 1,362.4 crore.

IPO Timeline The IPO share allotment will be finalized by March 25, and the CMPDI shares will be available for trading on the bourses effective March 30. IDBI Capital Markets & Securities and SBI Capital Markets are acting as the merchant bankers for the Central Mine Planning & Design Institute IPO.