Central Mine Planning & Design Institute Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹172
Per ShareLot Size
80 Shares
Minimum Investment
₹13,760
Issue Size
₹1,841.45 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Central Mine Planning & Design Institute Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
85%
Issue Type
Book Building
ISIN
INE05HV01027
About the Company
The Company offers consultancy and support services for the entire spectrum of coal and mineral exploration and mine planning and design services. Its services also include infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, primarily for the coal industry as well as for other minerals such as lignite, bauxite and manganese. The Company is one of the largest coal and mineral consultancy companies in India in terms 61.0% of market share in Fiscal 2025 and is the preferred consultant for Coal India Limited. Its services span the entire lifecycle of mining operations, ranging from initial exploration to closure of mines. The Company primarily receives client assignments on a nomination basis and in certain cases, clients issue single tenders exclusively to it, which is also executed on a nomination basis. Each project is unique and tailored to site-specific requirements, with timelines mutually agreed upon with the client, typically ranging from 10 business days to up to 3 years.
Industry Overview
The global mining consultancy market is projected to experience significant growth from 2024 to 2031. The mining consulting services are intricately linked to the mining sector, which has experienced a CAGR of 3.39% from 2018 to 2023. The Indian mining consultancy sector is projected to witness significant growth, with revenues expected to reach Rs. 43,274 million by Fiscal 2030, representing a growth rate of 4.8% (5-year CAGR) from Rs. 34,252 million in Fiscal 2025, driven by increasing demand, favorable industry dynamics and technological advancements. Mining consultancy services constitute a specialized segment within the broader mining industry, providing integrated technical, engineering and advisory solutions across the entire mineral asset lifecycle. These services support the systematic identification, evaluation, development and optimisation of mineral resources through geological exploration, resource estimation, mine planning and design, techno-economic assessment, regulatory compliance, environmental management and operational efficiency enhancement.
Company History
The Company was incorporated in Bihar at Patna as "Central Mine Planning & Design Institute Limited", as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 01, 1975, issued by the Registrar of Companies, Bihar at Patna. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on May 9, 2025, and a fresh certificate of incorporation dated May 20, 2025 was issued to the Company by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company offers consultancy and support services for the entire spectrum of coal and mineral exploration and mine planning and design services.
Growth Strategy
- Strategic diversification in other minerals by leveraging our experience in the coal sector.
- Continue to upgrade its infrastructure to maintain operational excellence.
- Focus on development of clean energy initiatives within both the coal and mineral sectors.
- Diversify its client base and expand its international operations by leveraging experience in exploration and planning.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 107,100,000 equity shares of face value of Rs. 2/- each ("Equity Shares") of Central Mine Planning & Design Institute Limited (the "Company") for cash at a price of Rs. 172 per equity share including a premium of Rs. 170 per equity share (the "Offer Price") through an offer for sale (the "Offer") of 107,100,000 equity shares aggregating to Rs.1841.45 Crores by Coal India Limited (the "Promoter Selling Shareholder" or "Selling Shareholder" and such equity shares offered by the promoter selling shareholder, the "Offered Shares"). The offer includes a reservation of up to 5,355,000 equity shares of face value of Rs. 2/- each, aggregating up to Rs. 87.82 Crores (Constituting up to 0.8% of the Post offer paid-up equity share capital) for subscription by eligible employees ("Employee Reservation Portion") and a reservation of up to 10,710,000 equity shares aggregating up to Rs. 184.21 Crores (Constituting 1.5% of the post-offer paid-up equity share capital) for subscription by eligible shareholders ("Shareholder Reservation Portion"). The offer less the employee reservation portion and the shareholder reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 15.0% and 12.8%, respectively, of the post-offer paid-up equity share capital of the company. The company may in consultation with the brlms, offered a discount of Rs. 8 on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"). Price Band: Rs. 172 per equity share of face value of Rs. 2 each. The floor price is 86 times the face value of the equity shares. Bids can be made for a minimum of 80 equity shares of face value of Rs. 2 each and in multiples of 80 equity shares of face value of Rs. 2 each thereafter. A discount of Rs. 8 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Multidisciplinary organization offering a comprehensive range of services.
- Key consulting partner to Coal India Limited and Ministry of Coal with a diverse client base.
- Extensive expertise in executing exploration projects.
- Advanced infrastructure supporting a spectrum of services.
- Operations driven by strong parentage of Coal India Limited.
- The company's business largely depends upon its top 10 clients which contributed to 95.0%, 95.5% and 95.8% of the company's revenue from operations in Fiscals 2025, 2024 and 2023, respectively. The loss of any of these clients could have an adverse effect on the company's business, financial condition, results of operations and cash flows.
- A significant portion of the company's revenues is derived from Coal India Limited and its subsidiaries. Coal India Limited and its subsidiaries accounted for 67.1%, 80.2%, and 82.7%of its revenue from operations in Fiscals 2025, 2024 and 2023, respectively. Any decline in demand for the company's services from Coal India Limited and/or its subsidiaries could have an adverse impact on the company's business, results of operations, financial condition and cash flows.
- The company depends on a limited number of vendors in the company's exploration activities to provide services such as core drilling, geophysical logging, borehole testing, and other field-based technical services and for its security services, and any disruptions in their supply of services could adversely affect the company's business, results of operations, financial condition and cash flows.
- A significant part of the company's business transactions are with government entities or agencies. In the Fiscals 2025, 2024 and 2023, we generated 97.8%, 97.8% and 99.3%, respectively, of the company's total revenue from operations from transactions with government entities or agencies, which may expose the company to various risks, including additional regulatory scrutiny and delayed collection of receivables.
- A significant portion of the company's revenues is derived from its geological exploration and resource evaluation services, which accounted for 46.2%, 38.6% and 39.3% of the company's revenue from operations in Fiscals 2025, 2024 and 2023, respectively. Any decline in demand for its geological exploration and resource evaluation services could have an adverse impact on the company's business, results of operations, financial condition and cash flows.