Coal India's Subsidiary CMPDI Lists for IPO, Pricing Fixed at ₹163-172 Per Share

Central Mine Planning & Design Institute (CMPDI) IPO Details

Key Highlights:

• CMPDI IPO price band has been fixed at ₹163 to ₹172 per equity share of the face value of ₹2.
• The IPO will open on Friday, March 20 and close on Tuesday, March 24.
• ₹1,837.8 crore will be raised through the IPO, valuing the company at ₹12,280.8 crore at the highest price point.

IPO Allocation:

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• 50% of shares reserved for Qualified Institutional Buyers (QIB).
• 15% of shares reserved for Non-Institutional Investors (NII).
• 35% of shares reserved for Retail Investors.
• Up to 5,355,000 equity shares reserved for Employees.
• Up to 10,710,000 equity shares reserved for Shareholders.

Timeline:

• Wednesday, March 18: Allocation to anchor investors.
• Wednesday, March 25: Basis of allotment of shares to be finalized.
• Friday, March 27: Refunds to be initiated.
• Friday, March 27: Shares to be credited to demat accounts of allottees.
• Monday, March 30: Listing on BSE and NSE.

CMPDI Background:

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• Founded in 1975, CMPDI provides consultancy and support services for coal and mineral exploration, mine planning, and design.
• Recognized as one of the largest consultancy firms for coal and minerals in India, with a market share of 61.0% in Fiscal 2025.
• Preferred consulting firm for Coal India.
• Reported a profit of ₹425.4 crore for the nine-month period ending December 2025, a 9% increase from ₹390 crore in the same period last year.
• Revenue for this period rose by 9.3% to reach ₹1,489.7 crore, compared to ₹1,362.4 crore previously.